CIS: Public Works Machinery Market 2024

Public Works Machinery Market Size in CIS

After three years of decline, the CIS public works machinery market increased by X% to $X in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Public Works Machinery Production in CIS

In value terms, public works machinery production contracted to $X in 2023 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Public Works Machinery Exports

Exports in CIS

In 2023, exports of machinery for public works and building in the CIS soared to X units, rising by X% on the previous year. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, public works machinery exports surged to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia was the key exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Belarus (X units), creating a X% share of total exports.

Russia was also the fastest-growing in terms of the machinery for public works and building exports, with a CAGR of X% from 2012 to 2023. Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest public works machinery supplying countries in the CIS were Russia ($X) and Belarus ($X).

In terms of the main exporting countries, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Public Works Machinery Imports

Imports in CIS

In 2023, approx. X units of machinery for public works and building were imported in the CIS; growing by X% against the year before. Over the period under review, imports showed a modest increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, public works machinery imports soared to $X in 2023. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Russia represented the key importing country with an import of around X units, which reached X% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%). The following importers - Armenia (X units), Belarus (X units) and Azerbaijan (X units) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to public works machinery imports into Russia stood at X%. At the same time, Armenia (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. By contrast, Azerbaijan (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Armenia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Azerbaijan (X p.p.), Russia (X p.p.) and Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported machinery for public works and building in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, public works machinery imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum 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 Azerbaijan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform