Scandinavia: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Scandinavia

In 2022, the Scandinavia wheeled dozer market decreased by -38.9% to $X, falling for the third year in a row after five years of growth. Over the period under review, consumption continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wheeled Dozer Production in Scandinavia

In value terms, wheeled dozer production plummeted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a sharp setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 228% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wheeled Dozer Exports

Exports in Scandinavia

In 2022, approx. X units of wheeled dozers were exported in Scandinavia; increasing by 154% against the previous year. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 424% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wheeled dozer exports surged to $X in 2022. Overall, exports enjoyed temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Sweden (X units) represented the largest exporter of wheeled dozers, achieving 80% of total exports. It was distantly followed by Norway (X units), making up an 18% share of total exports. Finland (X units) took a minor share of total exports.

Sweden was also the fastest-growing in terms of the wheeled dozers exports, with a CAGR of +27.8% from 2012 to 2022. At the same time, Norway (+16.2%) displayed positive paces of growth. By contrast, Finland (-12.9%) illustrated a downward trend over the same period. While the share of Sweden (+44 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-3.2 p.p.) and Finland (-40.4 p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest wheeled dozer supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports.

In Norway, wheeled dozer exports expanded at an average annual rate of +10.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+18.8% per year) and Finland (-15.4% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2018 when the export price increased by 521%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-2.8%), while the other leaders experienced a decline in the export price figures.

Wheeled Dozer Imports

Imports in Scandinavia

In 2022, the amount of wheeled dozers imported in Scandinavia skyrocketed to X units, jumping by 64% compared with the year before. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheeled dozer imports declined sharply to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Sweden was the main importing country with an import of about X units, which resulted at 61% of total imports. Finland (X units) ranks second in terms of the total imports with a 31% share, followed by Norway (8.1%).

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +20.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Finland ($X) constitutes the largest market for imported wheeled dozers in Scandinavia, comprising 67% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Finland totaled -16.0%. In the other countries, the average annual rates were as follows: Sweden (+4.9% per year) and Norway (+3.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, waning by -76.3% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform