Eastern Europe: Crawler Dozer Market 2024

Crawler Dozer Market Size in Eastern Europe

The East European crawler dozer market rose sharply to $X in 2022, increasing by 11% against the previous year. In general, consumption continues to indicate a modest increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Crawler Dozer Production in Eastern Europe

In value terms, crawler dozer production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Crawler Dozer Exports

Exports in Eastern Europe

In 2022, shipments abroad of crawler dozers increased by 4.7% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by 52%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crawler dozer exports fell modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 64%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X units) was the main exporter of crawler dozers, creating 67% of total exports. Russia (X units) ranks second in terms of the total exports with an 11% share, followed by Lithuania (5.3%) and Latvia (4.5%). Romania (X units), the Czech Republic (X units) and Estonia (X units) took a minor share of total exports.

Exports from Poland increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Latvia (+5.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +5.2% from 2012-2022. Romania and Lithuania experienced a relatively flat trend pattern. By contrast, Russia (-12.8%), the Czech Republic (-14.4%) and Estonia (-17.6%) illustrated a downward trend over the same period. While the share of Poland (+35 p.p.) and Latvia (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-6.3 p.p.), Estonia (-6.7 p.p.) and Russia (-21 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest crawler dozer supplier in Eastern Europe, comprising 77% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Lithuania, with a 2.7% share.

In Poland, crawler dozer exports increased at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-18.0% per year) and Lithuania (-0.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, reducing by -6.2% against the previous year. Overall, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.6%), while the other leaders experienced a decline in the export price figures.

Crawler Dozer Imports

Imports in Eastern Europe

Crawler dozer imports declined sharply to X units in 2022, which is down by -23.7% compared with 2021. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crawler dozer imports declined rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, finishing at X units, which was near 68% of total imports in 2022. Romania (X units) took the second position in the ranking, followed by Poland (X units). All these countries together took near 11% share of total imports. Ukraine (X units), Lithuania (X units), Bulgaria (X units), the Czech Republic (X units), Slovakia (X units) and Latvia (X units) took a little share of total imports.

Imports into Russia decreased at an average annual rate of -5.9% from 2012 to 2022. At the same time, Bulgaria (+17.5%), the Czech Republic (+14.0%), Slovakia (+13.2%), Latvia (+8.9%), Poland (+7.8%), Lithuania (+7.4%) and Romania (+2.0%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.5% from 2012-2022. Ukraine experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland, Bulgaria, Romania, Lithuania, the Czech Republic and Slovakia increased by +3.6, +2.7, +2.4, +2.3, +2.2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported crawler dozers in Eastern Europe, comprising 79% of total imports. The second position in the ranking was held by Romania ($X), with a 3.8% share of total imports. It was followed by Poland, with a 3.7% share.

In Russia, crawler dozer imports contracted by an average annual rate of -6.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+7.1% per year) and Poland (+9.3% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, dropping by -5.6% against the previous year. Overall, the import price saw a slight decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 26% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Russia ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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