Belarus: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Belarus

In 2021, the Belarusian self-propelled excavating machinery market decreased by -1.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in Belarus

In value terms, self-propelled excavating machinery production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Belarus

In 2021, approx. X units of self-propelled earth moving, excavating machinery were exported from Belarus; growing by 100% compared with the year before. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 270% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, self-propelled excavating machinery exports surged to $X in 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 318%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for self-propelled excavating machinery exports from Belarus, with a 96% share of total exports. It was followed by Uzbekistan (X units), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +22.2%.

In value terms, Russia ($X) remains the key foreign market for self-propelled earth moving, excavating machinery exports from Belarus, comprising 99% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +22.8%.

Export Prices by Country

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, which is down by -28.3% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 293% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Uzbekistan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+70.3%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Excavating Machinery Imports

Imports into Belarus

In 2021, overseas purchases of self-propelled earth moving, excavating machinery increased by 38% to X units, rising for the fifth consecutive year after two years of decline. In general, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 700% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports contracted dramatically to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 569% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest self-propelled excavating machinery supplier to Belarus, accounting for a 73% share of total imports. Moreover, self-propelled excavating machinery imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-31.9% per year) and the United States (-15.9% per year).

In value terms, Russia ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Belarus, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+31.1% per year) and the United States (+6.5% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, declining by -56.8% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 141% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+42.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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