Russian Federation: Wheeled Loader Market 2024

Wheeled Loader Market Size in the Russian Federation

The Russian wheeled loader market soared to $X in 2021, picking up by 64% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wheeled Loader Production in the Russian Federation

In value terms, wheeled loader production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep contraction. Wheeled loader production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Wheeled Loader Exports

Exports from the Russian Federation

In 2021, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders increased by 19% to X units, rising for the second year in a row after four years of decline. Overall, exports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2013 with an increase of 85%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The growth pace was the most rapid in 2013 with an increase of 66% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for wheeled loader exports from Russia, with a 58% share of total exports. Moreover, wheeled loader exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), threefold. The third position in this ranking was taken by Belarus (X units), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+12.0% per year) and Belarus (+3.8% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Russia, comprising 57% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9% share of total exports. It was followed by Ukraine, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+44.0% per year) and Ukraine (+1.9% per year).

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, picking up by 30% against the previous year. In general, the export price, however, recorded a abrupt decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belarus ($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 Egypt (+34.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wheeled Loader Imports

Imports into the Russian Federation

In 2021, overseas purchases of wheeled loaders, crawler shovel loaders, front-end loaders were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, wheeled loader imports skyrocketed to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 68%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Russia, with a 77% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.3% per year) and the Czech Republic (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Russia, comprising 59% of total imports. The second position in the ranking was held by Japan ($X), with an 8.3% share of total imports. It was followed by the United States, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.2% per year) and the United States (-16.3% per year).

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, surging by 6.7% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 41%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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