Moldova: Artificial Lift Market 2020

Artificial Lift Market Size in Moldova

The revenue of the artificial lift market in Moldova amounted to $X in 2018, surging by X% 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). Overall, artificial lift consumption, however, continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Moldova artificial lift consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Artificial Lift Exports

Exports from Moldova

In 2018, approx. X units of lifts and skip hoists were exported from Moldova; rising by X% against the previous year. Overall, artificial lift exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, artificial lift exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, artificial lift exports stood at $X in 2018. Over the period under review, artificial lift exports continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, artificial lift exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

The exports of the twelve major exporters of lifts and skip hoists, namely China, Spain, Italy, Germany, Thailand, the U.S., the Netherlands, Belarus, Slovakia, France, Canada and South Korea, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Slovakia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest artificial lift supplier from Moldova, comprising X% of global exports. The second position in the ranking was occupied by Spain ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the artificial lift export price in Moldova amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the artificial lift export price continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. Over the period under review, the export prices for lifts and skip hoists attained their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Artificial Lift Imports

Imports into Moldova

In 2018, the amount of lifts and skip hoists imported into Moldova stood at X units, going up by X% against the previous year. Over the period under review, artificial lift imports, however, continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, artificial lift imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, artificial lift imports totaled $X in 2018. Over the period under review, artificial lift imports, however, continue to indicate a drastic drop. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, artificial lift imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Free Zones (X units), distantly followed by Russia (X units) and the U.S. (X units) were the main importers of lifts and skip hoists, together achieving X% of total imports. The following importers - Canada (X units), Vietnam (X units), the United Arab Emirates (X units), Germany (X units), the UK (X units), India (X units), Saudi Arabia (X units), Indonesia (X units) and Turkey (X units) - together made up X% of total imports.

Free Zones was also the fastest-growing in terms of the lifts and skip hoists imports, with a CAGR of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Indonesia (+X%), the U.S. (+X%), India (+X%), Turkey (+X%), Saudi Arabia (+X%), Germany (+X%), the United Arab Emirates (+X%), Russia (+X%) and Canada (+X%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. From 2007 to 2018, the share of Free Zones, the U.S., Russia, Vietnam, Germany, Indonesia, India, the United Arab Emirates, Saudi Arabia and Turkey increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest artificial lift importing markets into Moldova were Germany ($X), the UK ($X) and Russia ($X), together accounting for X% of total imports. These countries were followed by Canada, the U.S., the United Arab Emirates, Vietnam, Saudi Arabia, India, Turkey, Indonesia, Moldova and Free Zones, which together accounted for a further X the main importing countries, Vietnam recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The artificial lift import price in Moldova stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the import price indicated a modest increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-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 2008 when the import price increased by X% y-o-y. Moldova import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per unit), while Free Zones ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform