Uzbekistan: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Uzbekistan

In 2022, the Uzbek overhead travelling crane market decreased by -2.2% to $X, falling for the third consecutive year after eight years of growth. Over the period under review, consumption continues to indicate a resilient expansion. Overhead travelling crane consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Production in Uzbekistan

In value terms, overhead travelling crane production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Overhead travelling crane production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports from Uzbekistan

In 2022, the amount of overhead travelling cranes on fixed support exported from Uzbekistan declined markedly to X units, waning by -50% compared with 2021 figures. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports shrank significantly to $X in 2022. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 305% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for overhead travelling crane exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled -6.7%.

In value terms, Kazakhstan ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from Uzbekistan.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at -26.3%.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, reducing by -75.4% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 244% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to -0.1% per year.

Overhead Travelling Crane Imports

Imports into Uzbekistan

In 2022, supplies from abroad of overhead travelling cranes on fixed support increased by 58% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a slight decline. The growth pace was the most rapid in 2019 with an increase of 145% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, overhead travelling crane imports surged to $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 170%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Turkey (X units) were the main suppliers of overhead travelling crane imports to Uzbekistan, with a combined 98% share of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +116.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Uzbekistan, comprising 72% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.2% share of total imports. It was followed by South Korea, with a 7.2% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China totaled +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.2% per year) and South Korea (+40.2% per year).

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, waning by -21.8% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 272%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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