CIS: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in CIS

The CIS overhead travelling crane market rose rapidly to $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Overhead Travelling Crane Production in CIS

In value terms, overhead travelling crane production reached $X in 2023 estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in CIS

After two years of decline, shipments abroad of overhead travelling cranes on fixed support increased by X% to X units in 2023. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, overhead travelling crane exports surged to $X in 2023. In general, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Russia (X units) was the largest exporter of overhead travelling cranes on fixed support, achieving X% of total exports. It was distantly followed by Armenia (X units), Uzbekistan (X units) and Belarus (X units), together generating a X% share of total exports. Kazakhstan (X units) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to overhead travelling 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 2012-2023. By contrast, Belarus (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. Russia (X p.p.), Armenia (X p.p.), Uzbekistan (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) remains the largest overhead travelling crane supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, 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 Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Overhead Travelling Crane Imports

Imports in CIS

In 2023, overseas purchases of overhead travelling cranes on fixed support were finally on the rise to reach X units for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, saw a noticeable reduction. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, overhead travelling crane imports soared to $X in 2023. Over the period under review, imports, however, showed a noticeable contraction. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia was the key importer of overhead travelling cranes on fixed support in the CIS, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Uzbekistan (X units) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%) and Armenia (X%). Azerbaijan (X units), Belarus (X units) and Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, 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