United Kingdom: Bulldozer Market 2024

Bulldozer Market Size in the UK

In 2022, after two years of growth, there was decline in the UK bulldozer market, when its value decreased by -4.2% to $X. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Bulldozer consumption peaked at $X in 2021, and then dropped in the following year.

Bulldozer Production in the UK

In value terms, bulldozer production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 4.1%. Bulldozer production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Bulldozer Exports

Exports from the UK

In 2022, the amount of bulldozers and angle dozers exported from the UK surged to X units, rising by 206% compared with 2021 figures. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports soared to $X in 2022. Overall, exports, however, saw a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for bulldozer exports from the UK, with a 53% share of total exports. Moreover, bulldozer exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was taken by Ireland (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.7% per year) and Ireland (+0.1% per year).

In value terms, the largest markets for bulldozer exported from the UK were the Netherlands ($X), the United States ($X) and Ireland ($X), with a combined 48% share of total exports. Australia, Poland, Belgium, Romania, Nigeria and India lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Belgium, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, falling by -51.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 147% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank remarkably in the following year.

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 Nigeria ($X per unit), while the average price for exports to India ($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 Nigeria (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into the UK

In 2022, bulldozer imports into the UK reduced to X units, which is down by -11.6% against the previous year. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, bulldozer imports reduced modestly to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

France (X units), Japan (X units) and Austria (X units) were the main suppliers of bulldozer imports to the UK, together comprising 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of bulldozers and angle dozers to the UK, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 22% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+34.0% per year) and Brazil (+21.7% per year).

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, rising by 8.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Brazil ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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