Belarus: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Belarus

The Belarusian full-rotation excavator market soared to $X in 2021, with an increase of 37% 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). In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from Belarus

In 2021, exports of self-propelled full-rotation excavators and bulldozers from Belarus fell markedly to X units, shrinking by -73.2% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 92%. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, full-rotation excavator exports reduced sharply to $X in 2021. Overall, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 when exports increased by 133%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for full-rotation excavator exports from Belarus, accounting for a 79% share of total exports. Moreover, full-rotation excavator exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+4.6% per year) and Kazakhstan (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Belarus, comprising 71% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+5.0% per year) and Kazakhstan (+8.2% per year).

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, falling by -26% against the previous year. Overall, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Russia ($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 Georgia (+31.9%), while the prices for the other major destinations experienced mixed trend patterns.

Full-Rotation Excavator Imports

Imports into Belarus

In 2021, full-rotation excavator imports into Belarus rose modestly to X units, surging by 1.6% against the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 178% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, full-rotation excavator imports surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 when imports increased by 193%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X units), the UK (X units) and Japan (X units) were the main suppliers of full-rotation excavator imports to Belarus, with a combined 43% share of total imports. Germany, Austria, South Korea, China, the Czech Republic, France and Poland lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of self-propelled full-rotation excavators and bulldozers to Belarus, comprising 35% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.9% per year) and Germany (-3.7% per year).

Import Prices by Country

In 2021, the average full-rotation excavator import price amounted to $X per unit, picking up by 17% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :