CIS: Crane Market 2024

Crane Market Size in CIS

The CIS crane market fell slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Crane Production in CIS

In value terms, crane production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Crane Exports

Exports in CIS

Crane exports contracted rapidly to X units in 2022, declining by X% compared with 2021 figures. Overall, exports saw a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, crane exports shrank remarkably to $X in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the major exporter of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the CIS, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X units), Armenia (X units) and Belarus (X units), together creating a X% share of total exports. Uzbekistan (X units), Moldova (X units) and Azerbaijan (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to crane exports from Russia stood at X%. At the same time, Armenia (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Azerbaijan experienced a relatively flat trend pattern. By contrast, Kazakhstan (X%), Moldova (X%) and Belarus (X%) illustrated a downward trend over the same period. Armenia (X p.p.), Russia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Moldova, Kazakhstan and Belarus saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crane supplying countries in the CIS were Russia ($X), Kazakhstan ($X) and Belarus ($X), together accounting for X% of total exports. Uzbekistan, Azerbaijan, Armenia and Moldova lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the export price in the CIS amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Crane Imports

Imports in CIS

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane imported in the CIS reduced to X units, shrinking by X% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, crane imports fell dramatically to $X in 2022. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importing country with an import of around X units, which finished at X% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%) and Armenia (X%). Belarus (X units) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane. At the same time, Uzbekistan (X%), Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kazakhstan and Armenia increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, crane imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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