Russian Federation: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in the Russian Federation

The Russian full-rotation excavator market skyrocketed to $X in 2021, picking up by 166% 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, however, showed a slight contraction. Full-rotation excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Full-Rotation Excavator Exports

Exports from the Russian Federation

In 2021, overseas shipments of self-propelled full-rotation excavators and bulldozers decreased by -0.2% to X units for the first time since 2014, thus ending a six-year rising trend. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 136% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then shrank slightly in the following year.

In value terms, full-rotation excavator exports contracted remarkably to $X in 2021. Over the period under review, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 75%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for full-rotation excavator exports from Russia, accounting for a 69% share of total exports. Moreover, full-rotation excavator exports to Uzbekistan exceeded the volume sent to the second major destination, India (X units), eightfold. The third position in this ranking was held by Kazakhstan (X units), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.0% per year) and Kazakhstan (-0.8% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Russia, comprising 55% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total exports. It was followed by India, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-11.3% per year) and India (-8.6% per year).

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, falling by -28.4% against the previous year. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 31%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Kazakhstan ($X per unit), while the average price for exports to Egypt ($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 Belarus (+0.0%), while the prices for the other major destinations experienced a decline.

Full-Rotation Excavator Imports

Imports into the Russian Federation

Full-rotation excavator imports into Russia skyrocketed to X units in 2021, with an increase of 107% on the previous year. In general, imports recorded noticeable growth. The pace of growth was the most pronounced in 2017 with an increase of 183% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, full-rotation excavator imports surged to $X in 2021. Overall, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 105% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of full-rotation excavator imports to Russia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to Russia were China ($X), South Korea ($X) and Japan ($X), with a combined 82% share of total imports.

In terms of the main suppliers, China, with a CAGR of +11.3%, 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 2021, the average full-rotation excavator import price amounted to $X per unit, with a decrease of -2.8% against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 25%. The import price peaked at $X per unit in 2013; however, from 2014 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 France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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