CIS: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in CIS

After six years of growth, the CIS ride-on compaction equipment market decreased by -11% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Ride-On Compaction Equipment Production in CIS

In value terms, ride-on compaction equipment production totaled $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports in CIS

Ride-on compaction equipment exports contracted dramatically to X units in 2022, waning by -40.2% compared with the previous year. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports contracted notably to $X in 2022. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 52% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus was the main exporter of ride-on compaction equipment in the CIS, with the volume of exports accounting for X units, which was approx. 48% of total exports in 2022. Moldova (X units) held the second position in the ranking, followed by Kazakhstan (X units) and Tajikistan (X units). All these countries together took near 47% share of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ride-on compaction equipment exports from Belarus stood at -6.1%. At the same time, Moldova (+30.2%), Tajikistan (+7.2%) and Kazakhstan (+1.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +30.2% from 2012-2022. By contrast, Kyrgyzstan (-21.3%) illustrated a downward trend over the same period. Moldova (+19 p.p.), Kazakhstan (+11 p.p.), Belarus (+9.8 p.p.) and Tajikistan (+8.6 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -10% from 2012 to 2022, respectively.

In value terms, Belarus ($X), Kazakhstan ($X) and Moldova ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 94% of total exports.

Moldova, with a CAGR of +67.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, declining by -19.6% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 40%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Kazakhstan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+28.8%), while the other leaders experienced a decline in the export price figures.

Ride-On Compaction Equipment Imports

Imports in CIS

In 2022, imports of ride-on compaction equipment in the CIS dropped to X units, reducing by -14.4% compared with 2021. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2017 with an increase of 43%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports contracted to $X in 2022. In general, imports showed a slight reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 58% against the previous year. 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 prevails in imports structure, finishing at X units, which was near 69% of total imports in 2022. Uzbekistan (X units) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (7.2%) and Azerbaijan (5%). The following importers - Belarus (X units), Kyrgyzstan (X units) and Moldova (X units) - together made up 8.6% of total imports.

Imports into Russia decreased at an average annual rate of -3.7% from 2012 to 2022. At the same time, Uzbekistan (+15.6%), Moldova (+11.5%), Kyrgyzstan (+10.8%) and Belarus (+1.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.6% from 2012-2022. By contrast, Azerbaijan (-4.3%) and Kazakhstan (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Moldova increased by +7.5, +2.2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ride-on compaction equipment in the CIS, comprising 73% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.1% share of total imports. It was followed by Kazakhstan, with a 7.1% share.

In Russia, ride-on compaction equipment imports shrank by an average annual rate of -2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+18.2% per year) and Kazakhstan (-4.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the import price increased by 34% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Azerbaijan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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