CIS: Public Works Machinery Market 2024

Public Works Machinery Market Size in CIS

The CIS public works machinery market contracted modestly to $X in 2021, therefore, remained relatively stable against the previous year. Overall, consumption continues to indicate a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Public Works Machinery Production in CIS

In value terms, public works machinery production expanded to $X in 2021 estimated in export price. Overall, production showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 580%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Public Works Machinery Exports

Exports in CIS

In 2021, public works machinery exports in the CIS surged to X units, increasing by 72% on the previous year. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery exports surged to $X in 2021. Overall, exports recorded a modest increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of machinery for public works and building, namely Russia and Belarus, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +13.2%).

In value terms, the largest public works machinery supplying countries in the CIS were Russia ($X) and Belarus ($X).

In terms of the main exporting countries, Russia, with a CAGR of +5.8%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, shrinking by -3.3% against the previous year. In general, the export price recorded a perceptible setback. The growth pace was the most rapid in 2020 when the export price increased by 38%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-1.4%).

Public Works Machinery Imports

Imports in CIS

In 2021, purchases abroad of machinery for public works and building increased by 13% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 78%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, public works machinery imports amounted to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the major importer of machinery for public works and building in the CIS, with the volume of imports resulting at X units, which was near 64% of total imports in 2021. It was distantly followed by Kazakhstan (X units), Uzbekistan (X units) and Belarus (X units), together constituting a 30% share of total imports. Armenia (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to public works machinery imports into Russia stood at -13.0%. At the same time, Uzbekistan (+23.0%), Armenia (+21.1%), Kazakhstan (+5.2%) and Belarus (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.0% from 2012-2021. From 2012 to 2021, the share of Kazakhstan, Uzbekistan, Belarus and Armenia increased by +13, +7.8, +3.7 and +2.3 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported machinery for public works and building in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total imports. It was followed by Uzbekistan, with a 7.4% share.

In Russia, public works machinery imports decreased by an average annual rate of -8.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+2.3% per year) and Uzbekistan (+27.5% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, remaining relatively unchanged against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, public works machinery import price increased by +106.9% against 2017 indices. The growth pace was the most rapid in 2018 when the import price increased by 84% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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