CIS: Truck Crane Market 2024

Truck Crane Market Size in CIS

The CIS truck crane market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Truck Crane Production in CIS

In value terms, truck crane production fell to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Truck Crane Exports

Exports in CIS

Truck crane exports plummeted to X units in 2022, waning by X% on the previous year. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck crane exports shrank markedly to $X in 2022. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus represented the key exporter of truck cranes in the CIS, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X units), comprising a X% share of total exports. Kazakhstan (X units) and Azerbaijan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to truck crane exports from Belarus stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Azerbaijan (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest truck crane supplying countries in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Truck Crane Imports

Imports in CIS

After five years of growth, purchases abroad of truck cranes decreased by X% to X units in 2022. Overall, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, truck crane imports shrank sharply to $X in 2022. In general, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Azerbaijan (X units), creating a X% share of total imports. Armenia (X units), Kazakhstan (X units), Belarus (X units) and Uzbekistan (X units) held a little share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%), Azerbaijan (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Armenia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (X p.p.) and Azerbaijan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported truck cranes in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. 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

In 2022, the import price in the CIS amounted to $X per unit, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Uzbekistan ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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