Eastern Europe: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Eastern Europe

The East European self-propelled excavating machinery market surged to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in Eastern Europe

In value terms, self-propelled excavating machinery production stood at $X in 2023 estimated in export price. Overall, production showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Eastern Europe

In 2023, approx. X units of self-propelled earth moving, excavating machinery were exported in Eastern Europe; falling by X% compared with the previous year. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports shrank sharply to $X in 2023. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of self-propelled earth moving, excavating machinery, namely Poland, Belarus, Slovakia and the Czech Republic, represented more than two-thirds of total export. It was distantly followed by Russia (X units), Lithuania (X units), Romania (X units) and Hungary (X units), together committing a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery supplying countries in Eastern Europe were Belarus ($X), Poland ($X) and Slovakia ($X), together comprising X% of total exports.

Among the main exporting countries, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in Eastern Europe

In 2023, overseas purchases of self-propelled earth moving, excavating machinery were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2023. Over the period under review, imports posted a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was near X% of total imports in 2023. It was distantly followed by Romania (X units), creating a X% share of total imports. The following importers - Poland (X units), the Czech Republic (X units), Slovakia (X units), Hungary (X units) and Bulgaria (X units) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovakia (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Bulgaria and Romania experienced a relatively flat trend pattern. By contrast, Poland (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Romania (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Russia, self-propelled excavating machinery imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Romania (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform