Scandinavia: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Scandinavia

The Scandinavia self-propelled bulldozer market contracted to $X in 2021, dropping by -10% against the previous year. Overall, consumption saw a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Self-Propelled Bulldozer Production in Scandinavia

In value terms, self-propelled bulldozer production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports in Scandinavia

For the sixth year in a row, Scandinavia recorded growth in shipments abroad of self-propelled bulldozers and excavators, which increased by 30% to X units in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.5% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled bulldozer exports surged to $X in 2021. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland prevails in exports structure, resulting at X units, which was approx. 81% of total exports in 2021. Denmark (X units) held the second position in the ranking, followed by Sweden (X units) and Norway (X units). All these countries together held approx. 19% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to self-propelled bulldozer exports from Finland stood at +7.8%. At the same time, Sweden (+19.8%), Norway (+4.9%) and Denmark (+2.6%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +19.8% from 2012-2021. Sweden (+3.5 p.p.) and Finland (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest self-propelled bulldozer supplier in Scandinavia, comprising 73% of total exports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total exports. It was followed by Norway, with a 9.1% share.

In Finland, self-propelled bulldozer exports increased at an average annual rate of +9.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+6.4% per year) and Norway (+3.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, growing by 3.9% against the previous year. In general, the export price saw a slight increase. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Bulldozer Imports

Imports in Scandinavia

For the fifth consecutive year, Scandinavia recorded growth in purchases abroad of self-propelled bulldozers and excavators, which increased by 6.1% to X units in 2021. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.8% against 2015 indices. The growth pace was the most rapid in 2015 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, self-propelled bulldozer imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark was the key importer of self-propelled bulldozers and excavators in Scandinavia, with the volume of imports resulting at X units, which was approx. 52% of total imports in 2021. Norway (X units) ranks second in terms of the total imports with a 26% share, followed by Sweden (15%) and Finland (6.1%).

From 2012 to 2021, average annual rates of growth with regard to self-propelled bulldozer imports into Denmark stood at +16.3%. At the same time, Finland (+23.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +23.4% from 2012-2021. By contrast, Norway (-3.1%) and Sweden (-4.5%) illustrated a downward trend over the same period. Denmark (+34 p.p.) and Finland (+4.8 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Norway saw its share reduced by -16.7% and -22.2% from 2012 to 2021, respectively.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, with a combined 93% share of total imports. These countries were followed by Finland, which accounted for a further 5.9%.

Among the main importing countries, Finland, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, picking up by 48% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 when the import price increased by 54% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform