Russian Federation: Bulldozer Market 2024

Bulldozer Market Size in the Russian Federation

The Russian bulldozer market shrank significantly to $X in 2022, with a decrease of -25.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt slump. Bulldozer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Bulldozer Exports

Exports from the Russian Federation

In 2022, overseas shipments of bulldozers and angle dozers increased by 1.4% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bulldozer exports contracted slightly to $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 36%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for bulldozer exports from Russia, accounting for a 96% share of total exports. It was followed by Uzbekistan (X units), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-16.4% per year) and Kyrgyzstan (-24.2% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for bulldozers and angle dozers exports from Russia, comprising 94% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-12.5% per year) and Kyrgyzstan (-43.5% per year).

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, falling by -5% against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. The export price 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 destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+4.7%), while the prices for the other major destinations experienced a decline.

Bulldozer Imports

Imports into the Russian Federation

Bulldozer imports into Russia dropped rapidly to X units in 2022, reducing by -22.5% compared with 2021 figures. In general, imports recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of 91%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bulldozer imports dropped sharply to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest bulldozer supplier to Russia, accounting for a 63% share of total imports. Moreover, bulldozer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Brazil (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.3% per year) and Brazil (+13.7% per year).

In value terms, the largest bulldozer suppliers to Russia were China ($X), Japan ($X) and Brazil ($X), together accounting for 80% of total imports. The United States, Austria and Thailand lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Thailand, with a CAGR of +63.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, declining by -4.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 44% against the previous year. The import price peaked at $X per unit in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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