Central Asia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Central Asia

The Central Asian jacks and hoists market dropped markedly to $X in 2022, reducing by -15.6% against the previous year. Over the period under review, consumption showed buoyant growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in Central Asia

In value terms, jacks and hoists production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 63%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports in Central Asia

In 2022, jacks and hoists exports in Central Asia skyrocketed to X units, growing by 33% compared with the previous year's figure. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,613% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, jacks and hoists exports shrank notably to $X in 2022. Overall, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 1,536%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Uzbekistan (X units) was the main exporter of jacks and hoists for raising vehicles, comprising 81% of total exports. It was distantly followed by Kazakhstan (X units), constituting a 17% share of total exports.

Uzbekistan was also the fastest-growing in terms of the jacks and hoists for raising vehicles exports, with a CAGR of +144.8% from 2012 to 2022. At the same time, Kazakhstan (+8.4%) displayed positive paces of growth. Uzbekistan (+81 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -71.4% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest jacks and hoists supplier in Central Asia, comprising 54% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled -6.3%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -73.8% against the previous year. In general, the export price faced a sharp contraction. The pace of growth was the most pronounced in 2019 an increase of 852% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Kazakhstan ($X per unit), while Uzbekistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-13.6%).

Jacks And Hoists Imports

Imports in Central Asia

For the third year in a row, Central Asia recorded growth in supplies from abroad of jacks and hoists for raising vehicles, which increased by 55% to X units in 2022. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, jacks and hoists imports soared to $X in 2022. In general, imports enjoyed a moderate increase. The growth pace was the most rapid in 2016 with an increase of 198%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) represented roughly 79% of total imports in 2022. It was distantly followed by Kyrgyzstan (X units), committing an 18% share of total imports. Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +80.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported jacks and hoists for raising vehicles in Central Asia, comprising 60% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 18% share of total imports. It was followed by Kyrgyzstan, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+49.8% per year) and Kyrgyzstan (-0.6% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, with a decrease of -23.1% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 81% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-7.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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