Kazakhstan: Crane Market 2024

Crane Market Size in Kazakhstan

The Kazakh crane market declined to $X in 2022, dropping by -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate moderate growth. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Crane Exports

Exports from Kazakhstan

After two years of growth, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -19.7% to X units in 2022. Over the period under review, exports recorded a dramatic setback. The pace of growth was the most pronounced in 2016 with an increase of 429% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crane exports contracted notably to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 398%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X units), Uzbekistan (X units) and Afghanistan (X units) were the main destinations of crane exports from Kazakhstan, with a combined 64% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +5.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from Kazakhstan were Uzbekistan ($X), Iraq ($X) and Belgium ($X), with a combined 63% share of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +32.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2022, which is down by -6.7% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crane export price decreased by -32.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 52% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Kazakhstan

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Kazakhstan; with a decrease of -14.8% compared with the previous year's figure. Overall, imports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 110%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, crane imports dropped to $X in 2022. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 65%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Russia (X units) and Slovakia (X units) were the main suppliers of crane imports to Kazakhstan, together accounting for 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Slovakia ($X) were the largest crane suppliers to Kazakhstan, together accounting for 70% of total imports. Germany, the United States, Lithuania, the United Arab Emirates and Italy lagged somewhat behind, together accounting for a further 18%.

The United Arab Emirates, with a CAGR of +28.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, rising by 6.3% against the previous year. In general, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :