Eastern Europe: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Eastern Europe

The East European self-propelled bulldozer market soared to $X in 2021, growing by 46% against the previous year. In general, consumption recorded a noticeable increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Self-Propelled Bulldozer Production in Eastern Europe

In value terms, self-propelled bulldozer production expanded notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 26%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of self-propelled bulldozers and excavators increased by 14% to X units in 2021. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 49% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland represented the largest exporting country with an export of around X units, which resulted at 38% of total exports. The Czech Republic (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (10%), Estonia (8.3%), Belarus (6.6%) and Lithuania (4.6%). Romania (X units), Slovakia (X units), Latvia (X units), Russia (X units) and Bulgaria (X units) followed a long way behind the leaders.

Exports from Poland decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, the Czech Republic (+15.4%), Latvia (+11.3%), Romania (+6.4%), Slovakia (+4.7%) and Hungary (+4.5%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +15.4% from 2012-2021. Estonia experienced a relatively flat trend pattern. By contrast, Russia (-6.2%), Lithuania (-8.9%), Bulgaria (-9.5%) and Belarus (-18.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic, Hungary, Estonia, Latvia, Romania and Slovakia increased by +10, +6.5, +3.8, +3.4, +3.1 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest self-propelled bulldozer supplier in Eastern Europe, comprising 37% of total exports. The second position in the ranking was held by Estonia ($X), with a 15% share of total exports. It was followed by Hungary, with an 11% share.

In Poland, self-propelled bulldozer exports declined by an average annual rate of -14.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Estonia (-0.1% per year) and Hungary (+5.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, picking up by 21% against the previous year. Overall, the export price, however, saw a noticeable setback. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Bulgaria ($X per unit), while the Czech Republic ($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 (+1.9%), while the other leaders experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports in Eastern Europe

In 2021, the amount of self-propelled bulldozers and excavators imported in Eastern Europe surged to X units, increasing by 40% against 2020 figures. In general, imports saw a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Overall, imports continue to indicate slight growth. The growth pace was the most rapid in 2017 when imports increased by 56%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Poland (X units) and Russia (X units) were the largest importers of self-propelled bulldozers and excavators in Eastern Europe, together making up 62% of total imports. Ukraine (X units) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7.1%) and Romania (5.6%). The following importers - Lithuania (X units) and Slovakia (X units) - each resulted at a 6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), with a combined 71% share of total imports.

Ukraine, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Russia ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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