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

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

The CIS mechanical shovel and excavator market surged to $X in 2021, increasing by 40% against the previous year. In general, consumption, however, continues to indicate a perceptible curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in CIS

In value terms, mechanical shovel and excavator production dropped sharply to $X in 2021 estimated in export price. Overall, production saw a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 398%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in CIS

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported in the CIS; surging by 2.9% against the year before. In general, exports saw modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 70%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports fell sharply to $X in 2021. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 111%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia represented the largest exporter of mechanical shovels, excavators and shovel loaders in the CIS, with the volume of exports amounting to X units, which was near 81% of total exports in 2021. It was distantly followed by Belarus (X units), mixing up a 15% share of total exports.

Russia was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +13.9% from 2012 to 2021. Belarus (-13.9%) illustrated a downward trend over the same period. Russia (+53 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -50.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest mechanical shovel and excavator supplier in the CIS, comprising 71% of total exports. The second position in the ranking was held by Belarus ($X), with a 20% share of total exports.

In Russia, mechanical shovel and excavator exports contracted by an average annual rate of -4.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, falling by -21.6% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+2.4%).

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in CIS

Mechanical shovel and excavator imports surged to X units in 2021, rising by 50% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 121% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, imports, however, recorded a mild slump. The growth pace was the most rapid in 2017 when imports increased by 110%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) was the largest importer of mechanical shovels, excavators and shovel loaders, creating 72% of total imports. Kazakhstan (X units) took the second position in the ranking, followed by Uzbekistan (X units). All these countries together took approx. 20% share of total imports. The following importers - Belarus (X units), Azerbaijan (X units) and Tajikistan (X units) - each recorded a 5% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to mechanical shovel and excavator imports into Russia stood at -1.4%. At the same time, Uzbekistan (+12.7%), Tajikistan (+2.8%) and Kazakhstan (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.7% from 2012-2021. Belarus experienced a relatively flat trend pattern. By contrast, Azerbaijan (-10.6%) illustrated a downward trend over the same period. While the share of Uzbekistan (+6.7 p.p.) and Kazakhstan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Azerbaijan (-2.6 p.p.) and Russia (-8.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders in the CIS, comprising 75% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 10% share of total imports. It was followed by Uzbekistan, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -2.8%. In the other countries, the average annual rates were as follows: Kazakhstan (-1.1% per year) and Uzbekistan (+19.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, with an increase of 6.5% against the previous year. Overall, the import price, however, showed a mild curtailment. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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