Russian Federation: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the Russian Federation

The Russian mechanical shovel and excavator market contracted to $X.1B in 2022, waning by X% against the previous year. Over the period under review, consumption faced a abrupt contraction. Mechanical shovel and excavator consumption peaked at $X.2B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in the Russian Federation

In value terms, mechanical shovel and excavator production shrank to $X.6B in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X.4B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from the Russian Federation

After three years of decline, shipments abroad of mechanical shovels, excavators and shovel loaders increased by X% to X units in 2022. Overall, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports soared to $X in 2022. Over the period under review, exports recorded a measured increase. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units), Kazakhstan (X units) and Uzbekistan (X units) were the main destinations of mechanical shovel and excavator exports from Russia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical shovel and excavator exported from Russia were India ($X), Uzbekistan ($X) and Kazakhstan ($X), together comprising X% of total exports.

Among the main countries of destination, Uzbekistan, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average mechanical shovel and excavator export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into the Russian Federation

In 2022, mechanical shovel and excavator imports into Russia was estimated at X units, with an increase of X% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports stood at $X in 2022. In general, imports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical shovel and excavator to Russia, accounting for a X% share of total imports. Moreover, mechanical shovel and excavator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to Russia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a mild setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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