CIS: Underground Continuous-Action Elevator Market 2025

Underground Continuous-Action Elevator Market Size in CIS

The CIS underground continuous-action elevator market dropped rapidly to $X in 2021, waning by -58.9% against the previous year. Over the period under review, consumption saw a deep contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Underground Continuous-Action Elevator Production in CIS

In value terms, underground continuous-action elevator production surged to $X in 2021 estimated in export price. In general, production showed a deep setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports in CIS

Underground continuous-action elevator exports skyrocketed to X units in 2021, growing by 113% on the previous year. Over the period under review, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 336%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when exports increased by 127%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, recording X units, which was near 93% of total exports in 2021. It was distantly followed by Belarus (X units), achieving a 5.6% share of total exports. Kazakhstan (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to underground continuous-action elevator exports from Russia stood at -1.0%. At the same time, Kazakhstan (+12.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +12.5% from 2012-2021. By contrast, Belarus (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belarus decreased by -2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) emerged as the largest underground continuous-action elevator supplier in the CIS, comprising 92% of total exports. The second position in the ranking was taken by Belarus ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-3.0% per year) and Kazakhstan (-3.1% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, reducing by -30% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 124% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.8%), while the other leaders experienced a decline in the export price figures.

Underground Continuous-Action Elevator Imports

Imports in CIS

Underground continuous-action elevator imports contracted notably to X units in 2021, waning by -63.7% compared with the previous year's figure. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 352% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, underground continuous-action elevator imports shrank sharply to $X in 2021. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 523%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) represented the largest importer of underground continuous-action elevators and conveyors, generating 67% of total imports. Uzbekistan (X units) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (7.3%). Tajikistan (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to underground continuous-action elevator imports into Russia stood at -13.4%. At the same time, Uzbekistan (+343.8%) and Tajikistan (+18.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +343.8% from 2012-2021. By contrast, Kazakhstan (-1.1%) illustrated a downward trend over the same period. Uzbekistan (+23 p.p.), Kazakhstan (+4.1 p.p.) and Tajikistan (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -29.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported underground continuous-action elevators and conveyors in the CIS, comprising 69% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports. It was followed by Kazakhstan, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled -15.6%. In the other countries, the average annual rates were as follows: Uzbekistan (+358.9% per year) and Kazakhstan (-3.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with a decrease of -4.4% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Russia ($X per unit) and Tajikistan ($X per unit), while Uzbekistan ($X per unit) and Kazakhstan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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