CIS: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in CIS

After three years of growth, the CIS construction equipment blade market decreased by -25.9% to $X in 2022. Overall, consumption showed a deep setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Production in CIS

In value terms, construction equipment blade production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6.1% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports in CIS

Construction equipment blade exports contracted modestly to X units in 2022, approximately equating 2021 figures. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 42% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports expanded to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia was the main exporter of blades for construction equipment in the CIS, with the volume of exports accounting for X units, which was near 69% of total exports in 2022. It was distantly followed by Belarus (X units), committing a 30% share of total exports.

Russia was also the fastest-growing in terms of the blades for construction equipment exports, with a CAGR of +11.0% from 2012 to 2022. At the same time, Belarus (+1.5%) displayed positive paces of growth. Russia (+21 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -21.4% from 2012 to 2022, respectively.

In value terms, Russia ($X) and Belarus ($X) constituted the countries with the highest levels of exports in 2022.

Russia, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, surging by 2.8% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2021 when the export price increased by 17% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.4%).

Construction Equipment Blade Imports

Imports in CIS

In 2022, approx. X units of blades for construction equipment were imported in the CIS; dropping by -14.8% against 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 179%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, construction equipment blade imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a mild setback. The growth pace was the most rapid in 2016 with an increase of 159%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importing country with an import of around X units, which finished at 71% of total imports. Kazakhstan (X units) took the second position in the ranking, followed by Belarus (X units). All these countries together held near 23% share of total imports. Tajikistan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, Tajikistan (+30.1%), Belarus (+9.3%) and Kazakhstan (+4.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.1% from 2012-2022. While the share of Kazakhstan (+5.4 p.p.), Belarus (+5.4 p.p.) and Tajikistan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-12.7 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported blades for construction equipment in the CIS, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Belarus, with a 6.2% share.

In Russia, construction equipment blade imports plunged by an average annual rate of -2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-1.5% per year) and Belarus (+4.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, waning by -7.1% against the previous year. In general, the import price saw a mild decline. The pace of growth was the most pronounced in 2021 an increase of 17%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+10.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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