CIS: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in CIS

The CIS market for equipment for scaffolding, shuttering, propping or pit propping dropped to $X in 2021, shrinking by -7.3% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in CIS

In value terms, scaffolding, shuttering, and propping equipment production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in CIS

After four years of growth, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -7.8% to X tons in 2021. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then declined in the following year.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 66%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was approx. 91% of total exports in 2021. Belarus (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the equipment for scaffolding, shuttering, propping or pit propping exports, with a CAGR of +21.9% from 2012 to 2021. At the same time, Belarus (+1.3%) displayed positive paces of growth. By contrast, Kazakhstan (-7.1%) illustrated a downward trend over the same period. Russia (+27 p.p.) significantly strengthened its position in terms of the total exports, while Belarus and Kazakhstan saw its share reduced by -9.8% and -18.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in the CIS, comprising 93% of total exports. The second position in the ranking was taken by Belarus ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +25.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-8.4% per year) and Kazakhstan (+7.6% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 28% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scaffolding, shuttering, and propping equipment export price increased by +13.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 74%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+15.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in CIS

In 2021, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping decreased by -16.1% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.5% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 40%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports rose notably to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the key importer of equipment for scaffolding, shuttering, propping or pit propping in the CIS, with the volume of imports accounting for X tons, which was near 47% of total imports in 2021. Kazakhstan (X tons) ranks second in terms of the total imports with a 19% share, followed by Uzbekistan (14%) and Belarus (6.6%). Azerbaijan (X tons), Armenia (X tons) and Tajikistan (X tons) held a little share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of equipment for scaffolding, shuttering, propping or pit propping. At the same time, Armenia (+27.0%), Uzbekistan (+20.6%), Kazakhstan (+7.2%) and Tajikistan (+3.1%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +27.0% from 2012-2021. By contrast, Belarus (-1.7%) and Azerbaijan (-12.3%) illustrated a downward trend over the same period. Uzbekistan (+14 p.p.), Kazakhstan (+6.7 p.p.) and Armenia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Belarus, Russia and Azerbaijan saw its share reduced by -2.8%, -7.5% and -11.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported equipment for scaffolding, shuttering, propping or pit propping in the CIS, comprising 52% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports. It was followed by Uzbekistan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+3.5% per year) and Uzbekistan (+17.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the import price, however, saw a mild setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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