CIS: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in CIS

The CIS underground continuous-action elevator market expanded rapidly to $X in 2022, surging by X% against the previous year. In general, consumption recorded a slight shrinkage. 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.

Underground Continuous-Action Elevator Production in CIS

In value terms, underground continuous-action elevator production dropped to $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.3B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports in CIS

In 2022, overseas shipments of underground continuous-action elevators and conveyors were finally on the rise to reach X units after four years of decline. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, underground continuous-action elevator exports soared to $X in 2022. In general, exports showed a resilient expansion. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units) and Russia (X units) dominates exports structure, together achieving X% of total exports. It was distantly followed by Kazakhstan (X units), creating an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest underground continuous-action elevator supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, underground continuous-action elevator exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

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

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

Underground Continuous-Action Elevator Imports

Imports in CIS

In 2022, after three years of decline, there was significant growth in supplies from abroad of underground continuous-action elevators and conveyors, when their volume increased by X% to X units. In general, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports surged to $X in 2022. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X units) was the main importer of underground continuous-action elevators and conveyors, achieving X% of total imports. It was distantly followed by Russia (X units), creating a X% share of total imports. Tajikistan (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to underground continuous-action elevator imports into Kazakhstan stood at X%. At the same time, Tajikistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Tajikistan increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported underground continuous-action elevators and conveyors in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Russia, underground continuous-action elevator imports declined 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 Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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