Off-Highway Dumper Market

The global off-highway dumper market is expected to continue a consumption trend increase over the next eight years, with forecasted growth in market volume and value. Consumption of dumpers for off-highway use reached 286K units in 2022, with Spain being the largest consumer. Production and exports also saw prominent growth, with the UK dominating the export market in 2022. Import prices and export prices varied by country, with the United States having the highest prices. Overall, the market shows positive growth trends across various indicators.

Market Forecast

Driven by increasing demand for dumpers for off-highway use worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 310K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market value to $33.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dumpers For Off-Highway Use

In 2022, consumption of dumpers for off-highway use increased by 20% to 286K units, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption reached the peak volume of 313K units. From 2015 to 2022, the growth of the global consumption remained at a lower figure.

The global off-highway dumper market revenue expanded rapidly to $22.5B in 2022, with an increase of 8.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a noticeable expansion. As a result, consumption reached the peak level of $29.7B. From 2015 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The country with the largest volume of off-highway dumper consumption was Spain (56K units), accounting for 20% of total volume. Moreover, off-highway dumper consumption in Spain exceeded the figures recorded by the second-largest consumer, China (28K units), twofold. Indonesia (24K units) ranked third in terms of total consumption with an 8.5% share.

In Spain, off-highway dumper consumption increased at an average annual rate of +45.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+5.5% per year) and Indonesia (+0.7% per year).

In value terms, India ($3.3B), China ($1.7B) and the United States ($1.7B) constituted the countries with the highest levels of market value in 2022, together accounting for 30% of the global market. Indonesia, Spain, Brazil, France, Mexico, Bolivia, Belgium, Germany, Poland and the Netherlands lagged somewhat behind, together accounting for a further 32%.

Spain, with a CAGR of +44.7%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of off-highway dumper per capita consumption in 2022 were Spain (1,193 units per million persons), Belgium (722 units per million persons) and Bolivia (493 units per million persons).

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +44.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Dumpers For Off-Highway Use

In 2022, the amount of dumpers for off-highway use produced worldwide soared to 433K units, jumping by 33% compared with 2021. In general, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 352% against the previous year. Global production peaked at 2.2M units in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In value terms, off-highway dumper production totaled $19.9B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 313%. As a result, production reached the peak level of $115.4B. From 2017 to 2022, global production growth remained at a lower figure.

Production By Country

The UK (269K units) remains the largest off-highway dumper producing country worldwide, comprising approx. 62% of total volume. Moreover, off-highway dumper production in the UK exceeded the figures recorded by the second-largest producer, China (38K units), sevenfold. India (13K units) ranked third in terms of total production with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the UK amounted to +38.4%. In the other countries, the average annual rates were as follows: China (+4.1% per year) and India (+3.6% per year).

Imports

World Imports of Dumpers For Off-Highway Use

In 2022, overseas purchases of dumpers for off-highway use increased by 47% to 233K units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 122%. As a result, imports reached the peak of 260K units. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, off-highway dumper imports soared to $10.4B in 2022. In general, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, global imports hit record highs at $14.1B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, Spain (56K units), distantly followed by the UK (29K units), Indonesia (20K units), France (16K units), Germany (14K units) and the Netherlands (13K units) were the major importers of dumpers for off-highway use, together mixing up 64% of total imports. The following importers - Poland (10K units), Belgium (9.3K units), Namibia (7.6K units), the United States (7.1K units), Italy (5.2K units) and Austria (4.4K units) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Namibia (with a CAGR of +52.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.6B), Indonesia ($1.2B) and the UK ($335M) appeared to be the countries with the highest levels of imports in 2022, with a combined 31% share of global imports. Germany, the Netherlands, Poland, France, Belgium, Austria, Spain, Namibia and Italy lagged somewhat behind, together comprising a further 11%.

Among the main importing countries, Italy, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average off-highway dumper import price stood at $44,556 per unit in 2022, dropping by -19.4% against the previous year. In general, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 240% against the previous year. Over the period under review, average import prices reached the maximum at $119,813 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($227,991 per unit), while Spain ($1,033 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.5%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Dumpers For Off-Highway Use

Global off-highway dumper exports skyrocketed to 380K units in 2022, picking up by 55% compared with the previous year. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 662%. Over the period under review, the global exports hit record highs at 2.2M units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, off-highway dumper exports soared to $9.2B in 2022. Over the period under review, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. The global exports peaked at $12.7B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

The UK dominates exports structure, finishing at 296K units, which was near 78% of total exports in 2022. China (10K units), the Netherlands (8.7K units), Belarus (8.7K units), the United States (7.7K units), Namibia (6.7K units), Austria (6.4K units) and Italy (6.2K units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to off-highway dumper exports from the UK stood at +38.7%. At the same time, Namibia (+50.6%), the Netherlands (+28.1%), Belarus (+21.0%), Austria (+19.6%) and Italy (+2.5%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.6% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, the United States (-3.7%) illustrated a downward trend over the same period. While the share of the UK (+62 p.p.) and Namibia (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-5.4 p.p.), China (-11.2 p.p.) and the United States (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.2B), China ($1.2B) and the UK ($1.2B) constituted the countries with the highest levels of exports in 2022, together comprising 50% of global exports. Belarus, the Netherlands, Austria, Italy and Namibia lagged somewhat behind, together accounting for a further 10%.

In terms of the main exporting countries, Belarus, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average off-highway dumper export price amounted to $24,111 per unit, dropping by -21.7% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2,658% against the previous year. Over the period under review, the average export prices reached the peak figure at $183,588 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($290,295 per unit), while Namibia ($3,329 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform