Central Asia: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Central Asia

In 2022, the Central Asian market for lifts, elevators, moving stairways and draglines increased by 30% to $X, rising for the fourth year in a row after two years of decline. In general, consumption showed resilient growth. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Lifts, Elevators, Moving Stairways and Draglines in Central Asia

In value terms, lift, elevator, stairway and dragline production soared to $X in 2022 estimated in export price. Overall, production saw perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 173%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports in Central Asia

Lift, elevator, stairway and dragline exports soared to X units in 2022, growing by 604% on 2021 figures. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lift, elevator, stairway and dragline exports soared to $X in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Uzbekistan (X units) was the largest exporter of lifts, elevators, moving stairways and draglines, creating 72% of total exports. It was distantly followed by Kazakhstan (X units), creating a 28% share of total exports.

Uzbekistan was also the fastest-growing in terms of the lifts, elevators, moving stairways and draglines exports, with a CAGR of +165.1% from 2012 to 2022. Kazakhstan (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +72 percentage points.

In value terms, the largest lift, elevator, stairway and dragline supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

Among the main exporting countries, Uzbekistan, with a CAGR of +168.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -13.2% against the previous year. In general, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2019 an increase of 260% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.7%).

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports in Central Asia

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were imported in Central Asia; surging by 10% on the previous year's figure. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, lift, elevator, stairway and dragline imports rose remarkably to $X in 2022. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 63%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Kazakhstan was the major importer of lifts, elevators, moving stairways and draglines in Central Asia, with the volume of imports resulting at X units, which was near 49% of total imports in 2022. It was distantly followed by Uzbekistan (X units), Turkmenistan (X units), Mongolia (X units) and Kyrgyzstan (X units), together constituting a 47% share of total imports. Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lift, elevator, stairway and dragline imports into Kazakhstan stood at +8.0%. At the same time, Uzbekistan (+28.4%), Tajikistan (+18.2%), Kyrgyzstan (+12.1%), Turkmenistan (+10.0%) and Mongolia (+2.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +28.4% from 2012-2022. Uzbekistan (+23 p.p.) and Tajikistan (+2 p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by -9.4% and -15.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 87% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +32.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, picking up by 3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 30%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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