Belarus: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Belarus

The Belarusian mechanical shovel and excavator market dropped to $X in 2021, stabilizing at the previous year. In general, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Belarus

In value terms, mechanical shovel and excavator production declined to $X in 2021 estimated in export price. In general, production recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Belarus

In 2021, overseas shipments of mechanical shovels, excavators and shovel loaders increased by 3.9% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports rose remarkably to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 171%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for mechanical shovel and excavator exports from Belarus, with a 74% share of total exports. Moreover, mechanical shovel and excavator exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. Uzbekistan (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-4.1% per year) and Uzbekistan (+5.4% per year).

In value terms, Russia ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Belarus, comprising 78% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 4.7% share of total exports. It was followed by Ukraine, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+4.6% per year) and Ukraine (-7.1% per year).

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, surging by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Belarus

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were imported into Belarus; growing by 15% against the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 122%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. In general, imports, however, showed a mild descent. The pace of growth was the most pronounced in 2017 with an increase of 128% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of mechanical shovel and excavator to Belarus, accounting for a 24% share of total imports. Moreover, mechanical shovel and excavator imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Russia (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-7.3% per year) and Russia (-0.5% per year).

In value terms, Russia ($X), China ($X) and Germany ($X) were the largest mechanical shovel and excavator suppliers to Belarus, together accounting for 49% of total imports. These countries were followed by the UK, South Korea, Italy, Poland, France, Austria, Lithuania, the Czech Republic, Japan and the United States, which together accounted for a further 39%.

In terms of the main suppliers, Austria, with a CAGR of +40.6%, saw the highest rates of growth with regard to 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 2021, the average mechanical shovel and excavator import price amounted to $X per unit, picking up by 5.8% against the previous year. Over the period under review, the import price, however, showed a mild decline. The growth pace was the most rapid in 2015 when the average import price increased by 28%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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