Eastern Europe: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Eastern Europe

The East European self-propelled excavating machinery market declined to $X in 2021, waning by -6.4% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.4% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in Eastern Europe

In value terms, self-propelled excavating machinery production rose to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2013 with an increase of 3.5% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Eastern Europe

In 2021, approx. X units of self-propelled earth moving, excavating machinery were exported in Eastern Europe; growing by 25% compared with 2020. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 62% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports rose slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Slovakia (X units), distantly followed by the Czech Republic (X units), Lithuania (X units), Poland (X units), Bulgaria (X units) and Romania (X units) represented the largest exporters of self-propelled earth moving, excavating machinery, together comprising 91% of total exports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +59.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery supplying countries in Eastern Europe were Slovakia ($X), Belarus ($X) and the Czech Republic ($X), with a combined 67% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +40.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, with a decrease of -16.5% against the previous year. In general, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2013 an increase of 9.5%. As a result, the export price reached the peak level of $X per unit. From 2014 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 ($X per unit), while Bulgaria ($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 (+5.8%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in Eastern Europe

In 2021, the amount of self-propelled earth moving, excavating machinery imported in Eastern Europe reached X units, remaining relatively unchanged against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, self-propelled excavating machinery imports fell to $X in 2021. Overall, imports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2017 when imports increased by 74% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X units), Hungary (X units), Russia (X units) and Poland (X units) was the key importer of self-propelled earth moving, excavating machinery in Eastern Europe, comprising 77% of total import. Romania (X units) took the next position in the ranking, followed by Slovakia (X units). All these countries together took approx. 14% share of total imports. Bulgaria (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery importing markets in Eastern Europe were Russia ($X), the Czech Republic ($X) and Hungary ($X), with a combined 72% share of total imports.

Hungary, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Eastern Europe amounted to $X per unit, shrinking by -3.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 56%. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a 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 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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