Eastern Europe: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Eastern Europe

The East European off-highway dumper market soared to $X in 2021, picking up by 23% against the previous year. Over the period under review, consumption, however, 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 remained at a lower figure.

Off-Highway Dumper Production in Eastern Europe

In value terms, off-highway dumper production declined slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 6.9%. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Off-Highway Dumper Exports

Exports in Eastern Europe

In 2021, overseas shipments of dumpers for off-highway use were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a buoyant increase. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports soared to $X in 2021. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 83%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus prevails in exports structure, accounting for X units, which was near 86% of total exports in 2021. It was distantly followed by Hungary (X units), achieving a 5.2% share of total exports. The following exporters - Russia (X units) and Poland (X units) - each accounted for a 5.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to off-highway dumper exports from Belarus stood at +23.3%. At the same time, Hungary (+23.6%), Russia (+5.9%) and Poland (+5.3%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +23.6% from 2012-2021. Belarus (+36 p.p.) and Hungary (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Poland and Russia saw its share reduced by -3.8% and -4.1% from 2012 to 2021, respectively.

In value terms, Belarus ($X) remains the largest off-highway dumper supplier in Eastern Europe, comprising 91% of total exports. The second position in the ranking was taken by Russia ($X), with a 4.3% share of total exports. It was followed by Poland, with a 1.5% share.

In Belarus, off-highway dumper exports expanded at an average annual rate of +22.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (+3.9% per year) and Poland (+2.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, falling by -10% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.5% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-0.9%), while the other leaders experienced a decline in the export price figures.

Off-Highway Dumper Imports

Imports in Eastern Europe

In 2021, supplies from abroad of dumpers for off-highway use was finally on the rise to reach X units after two years of decline. In general, imports showed a mild increase. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, off-highway dumper imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importing country with an import of around X units, which recorded 72% of total imports. It was distantly followed by Poland (X units), mixing up a 16% share of total imports. The following importers - Ukraine (X units), the Czech Republic (X units), Romania (X units) and Hungary (X units) - each resulted at an 8.7% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of dumpers for off-highway use. At the same time, Hungary (+26.6%), the Czech Republic (+23.7%) and Poland (+16.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +26.6% from 2012-2021. Romania experienced a relatively flat trend pattern. By contrast, Ukraine (-7.5%) illustrated a downward trend over the same period. While the share of Poland (+12 p.p.) and the Czech Republic (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (-3.1 p.p.) and Russia (-11.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dumpers for off-highway use in Eastern Europe, comprising 72% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by the Czech Republic, with a 2.4% share.

In Russia, off-highway dumper imports plunged by an average annual rate of -2.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+16.2% per year) and the Czech Republic (+25.1% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, rising by 4.9% against the previous year. Overall, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 7.8%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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