Russian Federation: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in the Russian Federation

The Russian underground continuous-action elevator market dropped notably to $X in 2021, shrinking by -81.1% against the previous year. In general, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Underground Continuous-Action Elevator Production in the Russian Federation

In value terms, underground continuous-action elevator production shrank to $X in 2021 estimated in export price. In general, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from the Russian Federation

In 2021, underground continuous-action elevator exports from Russia surged to X units, rising by 456% against the year before. In general, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2017 when exports increased by 1,399%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 1,264%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Tajikistan (X units) and Kyrgyzstan (X units) were the main destinations of underground continuous-action elevator exports from Russia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +61.1%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Russia, comprising 72% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 20% share of total exports. It was followed by Uzbekistan, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan amounted to -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+42.0% per year) and Uzbekistan (+14.0% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, picking up by 7.1% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-0.6%), while the prices for the other major destinations experienced a decline.

Underground Continuous-Action Elevator Imports

Imports into the Russian Federation

In 2021, the amount of underground continuous-action elevators and conveyors imported into Russia reduced remarkably to X units, declining by -75% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 434% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, underground continuous-action elevator imports contracted notably to $X in 2021. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 717% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ukraine (X units), Poland (X units) and Germany (X units) were the main suppliers of underground continuous-action elevator imports to Russia, together comprising 82% of total imports. These countries were followed by China, which accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Poland ($X) and Ukraine ($X) appeared to be the largest underground continuous-action elevator suppliers to Russia, with a combined 85% share of total imports. These countries were followed by China, which accounted for a further 14%.

In terms of the main suppliers, China, with a CAGR of +34.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 53%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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