CIS: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in CIS

The CIS mounting lifting equipment market soared to $X in 2021, picking up by 25% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Mounting Lifting Equipment Production in CIS

In value terms, mounting lifting equipment production surged to $X in 2021 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 104% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Mounting Lifting Equipment Exports

Exports in CIS

Mounting lifting equipment exports expanded slightly to X units in 2021, picking up by 3.1% compared with the year before. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 110%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, mounting lifting equipment exports surged to $X in 2021. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Russia prevails in exports structure, amounting to X units, which was near 90% of total exports in 2021. It was distantly followed by Belarus (X units), committing a 9.4% share of total exports.

Russia was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of +19.0% from 2012 to 2021. At the same time, Belarus (+3.2%) displayed positive paces of growth. Russia (+32 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -12.4% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest mounting lifting equipment supplier in the CIS, comprising 96% of total exports. The second position in the ranking was held by Belarus ($X), with a 3.8% share of total exports.

In Russia, mounting lifting equipment exports expanded at an average annual rate of +14.1% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, increasing by 38% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-2.8%).

Mounting Lifting Equipment Imports

Imports in CIS

In 2021, the amount of lifting equipment designed for mounting on road vehicles imported in the CIS skyrocketed to X units, with an increase of 46% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 64%. The volume of import peaked 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. In general, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia was the main importer of lifting equipment designed for mounting on road vehicles in the CIS, with the volume of imports accounting for X units, which was approx. 74% of total imports in 2021. Belarus (X units) took the second position in the ranking, followed by Kazakhstan (X units). All these countries together held near 24% share of total imports.

Imports into Russia decreased at an average annual rate of -5.9% from 2012 to 2021. At the same time, Kazakhstan (+14.1%) and Belarus (+5.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +14.1% from 2012-2021. Belarus (+8.4 p.p.) and Kazakhstan (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -17.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in the CIS, comprising 79% of total imports. The second position in the ranking was held by Belarus ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+10.0% per year) and Kazakhstan (+9.6% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, leveling off at the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounting lifting equipment import price decreased by -8.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 73%. The level of import peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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