Central Asia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Central Asia

In 2022, the Central Asian overhead travelling crane market decreased by -1.5% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in Central Asia

In value terms, overhead travelling crane production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 41% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Central Asia

Overhead travelling crane exports surged to X units in 2022, increasing by 25% compared with 2021 figures. Overall, exports, however, continue to indicate a sharp downturn. The growth pace was the most rapid in 2020 when exports increased by 225% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 374% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Kazakhstan (X units) represented the major exporter of overhead travelling cranes on fixed support, creating 80% of total exports. It was distantly followed by Uzbekistan (X units), comprising a 20% share of total exports.

Kazakhstan was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of -18.5% from 2012 to 2022. Uzbekistan (-25.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by +17 percentage points.

In value terms, Kazakhstan ($X) emerged as the largest overhead travelling crane supplier in Central Asia, comprising 98% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -13.4%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, picking up by 207% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 (+5.6%).

Overhead Travelling Crane Imports

Imports in Central Asia

In 2022, imports of overhead travelling cranes on fixed support in Central Asia rose remarkably to X units, picking up by 13% compared with the year before. Over the period under review, imports showed a perceptible increase. The pace of growth was the most pronounced in 2017 when imports increased by 78%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, overhead travelling crane imports rose remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 54%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Uzbekistan represented the main importing country with an import of about X units, which reached 54% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with a 34% share, followed by Mongolia (7.3%). Turkmenistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of -1.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X) were the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

Uzbekistan, with a CAGR of +20.1%, 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 a decline in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per unit), while Uzbekistan ($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 (+22.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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