Uzbekistan: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Uzbekistan

The Uzbek market for lifts, elevators, moving stairways and draglines rose modestly to $X in 2022, increasing by 4.1% against the previous year. Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Lifts, Elevators, Moving Stairways and Draglines in Uzbekistan

In value terms, lift, elevator, stairway and dragline production surged to $X in 2022 estimated in export price. In general, production showed a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 123% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Uzbekistan

In 2022, overseas shipments of lifts, elevators, moving stairways and draglines increased by 1,538% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lift, elevator, stairway and dragline exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 2,411% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X units) was the main destination for lift, elevator, stairway and dragline exports from Uzbekistan, with a 70% share of total exports. Moreover, lift, elevator, stairway and dragline exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X units), threefold. The third position in this ranking was taken by Kyrgyzstan (X units), with a 3.8% share.

From 2017 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +147.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+95.1% per year) and Kyrgyzstan (-17.8% per year).

In value terms, Tajikistan ($X) remains the key foreign market for lifts, elevators, moving stairways and draglines exports from Uzbekistan, comprising 55% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 22% share of total exports. It was followed by Kyrgyzstan, with a 9.6% share.

From 2017 to 2022, the average annual growth rate of value to Tajikistan totaled +276.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+98.5% per year) and Kyrgyzstan (-52.7% per year).

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, falling by -47.6% against the previous year. Overall, the export price, however, saw modest growth. The most prominent rate of growth was recorded in 2019 an increase of 2,969% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+93.1%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Uzbekistan

Lift, elevator, stairway and dragline imports into Uzbekistan contracted notably to X units in 2022, waning by -19.9% on the previous year's figure. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 113% against the previous year. As a result, imports attained the peak of X units, and then fell remarkably in the following year.

In value terms, lift, elevator, stairway and dragline imports plummeted to $X in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 152% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest lift, elevator, stairway and dragline supplier to Uzbekistan, accounting for a 70% share of total imports. Moreover, lift, elevator, stairway and dragline imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Ukraine (X units) ranked third in terms of total imports with a 5% share.

From 2017 to 2022, the average annual growth rate of volume from China stood at +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+32.0% per year) and Ukraine (+411.7% per year).

In value terms, China ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Uzbekistan, comprising 67% of total imports. The second position in the ranking was held by Ukraine ($X), with an 11% share of total imports. It was followed by Turkey, with an 11% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+695.4% per year) and Turkey (+24.7% per year).

Import Prices by Country

The average import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, dropping by -4.2% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+55.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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