Over the past year or so, people have discovered that the Russian economy’s ability to adapt is stronger than the West thought. The share of imports from “unfriendly” countries (those that impose sanctions on Russia or jointly impose punitive measures) fell to 35% last year, the Russian news portal “Russian Business Consulting” reported, citing a “showcase” from the Russian Ministry of Economic Development. At the start of 2022, it was 58%, according to the report. On the other hand, the proportion of imports from neutral and “friendly” countries such as India, Turkey and China increased from 42% to 65%. At present, China has become Russia’s largest trading partner.
The following variables will have an impact on the supply market circumstances and trends of Chinese mini excavators in the Russian market: Economic development in Russia: The need for construction and infrastructure development will rise as a direct result of the Russian economy’s steady expansion, which will also drive up demand for excavators.
Large-scale infrastructure construction projects, including the building of ports, highways, and bridges, are planned by the Russian government for the upcoming years. These projects’ debut will increase demand for excavators, particularly compact excavators.
Growing environmental consciousness: micro mini excavators are seen as a more energy-efficient and ecologically friendly alternative as environmental consciousness rises. It follows that a rise in the need for small excavators is anticipated.
Product competitiveness: China’s manufacturing sector has been getting more and more favorable treatment on the international market. Due to their superior performance and lower prices, mini chinese excavator could be able to take a bigger chunk of the Russian market.
From 2023 to 2024, the Russian market for Chinese micro excavators is likely to have a growing trend in both market conditions and trends.
NINGBO ACE MACHINERY has more than 27 years of manufacturing experience in this industry. the products have the following advantages:
Quality and Reliability: The company’s engineers can ensure that product quality is stable and reliable, with good performance and longevity.
Adaptability and versatility: Provide highly adaptable and multi-functional mini excavator trailer products based on the needs and usage scenarios of the Russian market. We consider that Russia’s geographical environment is complex and climate conditions vary greatly, so products should be adaptable and customizable.
Price and cost performance: The highly competitive market is price-sensitive. Therefore, the company’s products are of high quality, but the price has an advantage. If prople are interested, they can communicate further.
After-sales service and technical support: We will provide comprehensive and timely after-sales service and technical support in the Russian market, including maintenance, spare parts supply and technical training.
Article Source: https://www.nbacemach.com/news/mini-excavator-supply-market-conditions-and-trends-in-the-russian-market
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