Eastern Europe: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Eastern Europe

The East European full-rotation excavator market dropped modestly to $X,492.4B in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X,275B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Full-Rotation Excavator Production in Eastern Europe

In value terms, full-rotation excavator production contracted slightly to $X,991B in 2022 estimated in export price. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X,940.4B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Full-Rotation Excavator Exports

Exports in Eastern Europe

In 2022, overseas shipments of self-propelled full-rotation excavators and bulldozers decreased by X% to X units, falling for the fourth consecutive year after five years of growth. Over the period under review, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, full-rotation excavator exports rose remarkably to $X in 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The Czech Republic represented the key exporting country with an export of around X units, which resulted at X% of total exports. Poland (X units) ranks second in terms of the total exports with a X% share, followed by Russia (X%) and Lithuania (X%). Estonia (X units), Hungary (X units) and Bulgaria (X units) held a relatively small share of total exports.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Poland (X%), Bulgaria (X%), Russia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, Russia and Estonia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest full-rotation excavator supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

In the Czech Republic, full-rotation excavator exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, increasing by X% against the previous year. In general, the export price posted a pronounced expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports in Eastern Europe

In 2022, full-rotation excavator imports in Eastern Europe expanded notably to X units, surging by X% on 2021. Overall, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, full-rotation excavator imports reached $X in 2022. Over the period under review, imports recorded temperate growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Russia represented the main importer of self-propelled full-rotation excavators and bulldozers in Eastern Europe, with the volume of imports recording X units, which was near X% of total imports in 2022. Poland (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units), Romania (X units) and Hungary (X units). All these countries together held approx. X% share of total imports. The following importers - Lithuania (X units) and Ukraine (X units) - each resulted at a X% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of self-propelled full-rotation excavators and bulldozers. At the same time, Hungary (X%), Romania (X%), the Czech Republic (X%), Poland (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Hungary, Romania and the Czech Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported self-propelled full-rotation excavators and bulldozers in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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