Sweden: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Sweden

In 2021, the Swedish full-rotation excavator market was finally on the rise to reach $X after three years of decline. In general, consumption saw a relatively flat trend pattern. Full-rotation excavator consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Full-Rotation Excavator Exports

Exports from Sweden

In 2021, after two years of decline, there was significant growth in shipments abroad of self-propelled full-rotation excavators and bulldozers, when their volume increased by 18% to X units. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 53% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, full-rotation excavator exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Norway (X units) and the Netherlands (X units) were the main destinations of full-rotation excavator exports from Sweden, together accounting for 49% of total exports. These countries were followed by Egypt, Finland, Germany, Greece, Spain, Iceland, Ghana, Estonia, the Czech Republic and Denmark, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +82.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for full-rotation excavator exported from Sweden were Norway ($X), Poland ($X) and Finland ($X), with a combined 61% share of total exports. The Netherlands, Germany, Greece, Ghana, the Czech Republic, Denmark, Estonia, Spain, Egypt and Iceland lagged somewhat behind, together accounting for a further 28%.

The Czech Republic, with a CAGR of +53.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average full-rotation excavator export price amounted to $X per unit, rising by 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 16% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Sweden

In 2021, imports of self-propelled full-rotation excavators and bulldozers into Sweden soared to X units, growing by 25% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 49%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, full-rotation excavator imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and France (X units) were the main suppliers of full-rotation excavator imports to Sweden, with a combined 47% share of total imports. The UK, Belgium, Germany, the Netherlands, Norway, Denmark, Austria and Italy lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and France ($X) were the largest full-rotation excavator suppliers to Sweden, together comprising 40% of total imports. The Netherlands, the UK, Norway, Belgium, China, Austria, Denmark and Italy lagged somewhat behind, together comprising a further 52%.

Austria, with a CAGR of +28.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, surging by 5.1% against the previous year. In general, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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