Belarus: Bulldozer Market 2024

Bulldozer Market Size in Belarus

The Belarusian bulldozer market declined significantly to $X in 2022, with a decrease of -23.2% against the previous year. Over the period under review, consumption faced a significant decrease. Bulldozer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bulldozer Production in Belarus

In value terms, bulldozer production declined remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 78%. Bulldozer production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Bulldozer Exports

Exports from Belarus

In 2022, bulldozer exports from Belarus reduced rapidly to X units, declining by -20.5% on the year before. Over the period under review, exports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of 504%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports shrank notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 186%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), Mongolia (X units) and Ukraine (X units) were the main destinations of bulldozer exports from Belarus, with a combined 84% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Mongolia ($X) and Ukraine ($X) were the largest markets for bulldozer exported from Belarus worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, Mongolia, with a CAGR of +47.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, rising by 3.6% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 50%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to Uzbekistan ($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 Mongolia (+11.9%), while the prices for the other major destinations experienced a decline.

Bulldozer Imports

Imports into Belarus

In 2022, supplies from abroad of bulldozers and angle dozers was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 158%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports soared to $X in 2022. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 316% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X units), Japan (X units) and France (X units) were the main suppliers of bulldozer imports to Belarus, with a combined 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +2.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of bulldozers and angle dozers to Belarus, comprising 32% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Poland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.1% per year) and Poland (-2.6% per year).

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2019 an increase of 61% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Austria ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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