Europe: Snow Motor Vehicle Market 2023

Snow Motor Vehicle Market Size in Europe

In 2021, the Europe snow motor vehicle market increased by 6.6% to $X, rising for the fourth year in a row after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Snow Motor Vehicle Production in Europe

In value terms, snow motor vehicle production reached $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +84.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Snow Motor Vehicle Exports

Exports in Europe

In 2021, overseas shipments of motor vehicles for travelling on snow or golf cars decreased by -3.4% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 451%. The volume of export peaked at X units in 2020, and then shrank in the following year.

In value terms, snow motor vehicle exports soared to $X in 2021. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 269% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X units) and Finland (X units) were the main exporters of motor vehicles for travelling on snow or golf cars in Europe, together accounting for near 51% of total exports. Germany (X units) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (8.4%), the UK (6.7%) and Slovakia (5.8%). Spain (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +46.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the largest snow motor vehicle supplier in Europe, comprising 47% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Finland amounted to +30.0%. In the other countries, the average annual rates were as follows: the Netherlands (+89.1% per year) and Germany (+47.4% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, jumping by 37% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2014 an increase of 342%. As a result, the export price attained the peak level of $X per unit; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+116.2%), while the other leaders experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports in Europe

In 2021, the amount of motor vehicles for travelling on snow or golf cars imported in Europe expanded notably to X units, rising by 12% compared with the year before. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 186% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, snow motor vehicle imports expanded sharply to $X in 2021. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 153% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X units) and the UK (X units) represented roughly 53% of total imports in 2021. Germany (X units) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.2%), Italy (4.9%) and Sweden (4.9%). Spain (X units), France (X units), Russia (X units), Austria (X units) and Greece (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria (with a CAGR of +205.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest snow motor vehicle importing markets in Europe were Russia ($X), Sweden ($X) and the Netherlands ($X), together comprising 38% of total imports. The UK, Italy, Germany, Belgium, France, Spain, Austria and Greece lagged somewhat behind, together comprising a further 44%.

Austria, with a CAGR of +192.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 when the import price increased by 47% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+96.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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