Central Asia: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Central Asia

For the third consecutive year, the Central Asian mounting lifting equipment market recorded growth in sales value, which increased by 6.9% to $X in 2021. Overall, consumption continues to indicate resilient growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Mounting Lifting Equipment Production in Central Asia

In value terms, mounting lifting equipment production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by 49% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Mounting Lifting Equipment Exports

Exports in Central Asia

After two years of decline, shipments abroad of lifting equipment designed for mounting on road vehicles increased by 100% to X units in 2021. Overall, exports, however, recorded a sharp contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 133%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mounting lifting equipment exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 533%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) represented roughly 100% of total exports in 2021.

Kazakhstan was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of -29.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest mounting lifting equipment supplier in Central Asia.

In Kazakhstan, mounting lifting equipment exports declined by an average annual rate of -29.1% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, surging by 135% against the previous year. Over the period under review, the export price showed a significant increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 286% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +1.4% per year.

Mounting Lifting Equipment Imports

Imports in Central Asia

After three years of decline, purchases abroad of lifting equipment designed for mounting on road vehicles increased by 153% to X units in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 309% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, mounting lifting equipment imports surged to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 311% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Kazakhstan (X units) was the major importer of lifting equipment designed for mounting on road vehicles, achieving 86% of total imports. It was distantly followed by Uzbekistan (X units), mixing up a 10% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to mounting lifting equipment imports into Kazakhstan stood at +14.1%. At the same time, Uzbekistan (+21.2%) and Kyrgyzstan (+8.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +21.2% from 2012-2021. From 2012 to 2021, the share of Uzbekistan and Kyrgyzstan increased by +10 and +2.6 percentage points, respectively.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

Uzbekistan, with a CAGR of +37.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, with a decrease of -39.3% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 127%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :