CIS: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in CIS

The CIS jacks and hoists market shrank to $X in 2022, dropping by -8.1% against the previous year. Over the period under review, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in CIS

In value terms, jacks and hoists production declined to $X in 2022 estimated in export price. Over the period under review, production showed a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Jacks And Hoists Exports

Exports in CIS

Jacks and hoists exports reached X units in 2022, stabilizing at the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 174% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, jacks and hoists exports shrank remarkably to $X in 2022. In general, exports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 198% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the key exporting country with an export of around X units, which finished at 60% of total exports. It was distantly followed by Russia (X units), committing a 36% share of total exports. Armenia (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Armenia (with a CAGR of +95.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X) remains the largest jacks and hoists supplier in the CIS, comprising 82% of total exports. The second position in the ranking was held by Belarus ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -1.5%. In the other countries, the average annual rates were as follows: Belarus (-3.6% per year) and Armenia (+39.8% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, which is down by -32.9% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.2%), while the other leaders experienced a decline in the export price figures.

Jacks And Hoists Imports

Imports in CIS

Jacks and hoists imports fell to X units in 2022, shrinking by -5.6% against 2021 figures. Over the period under review, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2017 with an increase of 24%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, jacks and hoists imports contracted to $X in 2022. Overall, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2016 when imports increased by 21%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, accounting for X units, which was near 89% of total imports in 2022. Kazakhstan (X units), Belarus (X units) and Uzbekistan (X units) took a minor share of total imports.

Imports into Russia decreased at an average annual rate of -3.5% from 2012 to 2022. At the same time, Uzbekistan (+80.0%) and Kazakhstan (+8.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +80.0% from 2012-2022. Belarus experienced a relatively flat trend pattern. Uzbekistan (+2.4 p.p.) and Kazakhstan (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -7.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported jacks and hoists for raising vehicles in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.9% share of total imports. It was followed by Belarus, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -4.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.5% per year) and Belarus (-3.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by 4.3% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2017 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 Kazakhstan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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