Russian Federation: Crawler Tractor Market 2024

Crawler Tractor Market Size in the Russian Federation

The Russian crawler tractor market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Crawler Tractor Production in the Russian Federation

In value terms, crawler tractor production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a sharp descent. Crawler tractor production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Crawler Tractor Exports

Exports from the Russian Federation

In 2021, shipments abroad of crawler tractors increased by 34% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 82% 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, crawler tractor exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by 111%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of crawler tractor exports from Russia, with a combined 75% share of total exports. These countries were followed by the Czech Republic, Estonia, Lithuania and Azerbaijan, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +216.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for crawler tractors exports from Russia, comprising 60% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports. It was followed by Azerbaijan, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-21.1% per year) and Azerbaijan (-1.6% per year).

Export Prices by Country

The average crawler tractor export price stood at $X per unit in 2021, surging by 7.5% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, 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 Azerbaijan ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Crawler Tractor Imports

Imports into the Russian Federation

In 2021, overseas purchases of crawler tractors increased by 60% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 74% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, crawler tractor imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), the United States (X units) and Italy (X units) were the main suppliers of crawler tractor imports to Russia, with a combined 75% share of total imports. Japan, Belarus, France and China lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crawler tractor suppliers to Russia were the United States ($X), Germany ($X) and Italy ($X), together comprising 97% of total imports.

Among the main suppliers, Germany, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, increasing by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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