Sweden: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Sweden

The Swedish wheeled dozer market shrank remarkably to $X in 2022, waning by -25.6% against the previous year. Overall, consumption recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wheeled Dozer Production in Sweden

In value terms, wheeled dozer production totaled less than $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 572% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Wheeled Dozer Exports

Exports from Sweden

In 2022, wheeled dozer exports from Sweden surged to X units, picking up by 143% compared with the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 570%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, wheeled dozer exports soared to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 577%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wheeled dozer exports from Sweden, accounting for a 83% share of total exports. Moreover, wheeled dozer exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+26.7% per year) and Norway (+17.5% per year).

In value terms, Norway ($X) emerged as the key foreign market for wheeled dozers exports from Sweden, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+58.4% per year) and the UK (+1.1% per year).

Export Prices by Country

In 2022, the average wheeled dozer export price amounted to $X per unit, waning by -17.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 299% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+707.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wheeled Dozer Imports

Imports into Sweden

In 2022, supplies from abroad of wheeled dozers increased by 268% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheeled dozer imports shrank significantly to $X in 2022. Overall, imports showed perceptible growth. The growth pace was the most rapid in 2018 with an increase of 301% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest wheeled dozer supplier to Sweden, accounting for a 81% share of total imports. Moreover, wheeled dozer imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.2% per year) and Italy (+30.5% per year).

In value terms, the largest wheeled dozer suppliers to Sweden were Italy ($X), the United States ($X) and the Netherlands ($X), with a combined 74% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +56.4%, recorded the highest growth rate of 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 2022, the average wheeled dozer import price amounted to $X per unit, declining by -80.4% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 105%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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