Wednesday, 18 May 2022
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In 2020, the crane market in Uzbekistan grew by X% to $X, rising for the second year in a row after two years of decline. During the period under review, consumption increased significantly. 2011 saw the fastest growth, with an X% increase over the previous year. During the period under review, the market reached its highest level in 2020 and is expected to grow steadily in the short term.

Uzbekistan’s Crane Export Scale
In 2020, overseas shipments of cranes, mobile cranes fell -X% to X units, the fifth consecutive year of decline after six consecutive years of growth. Exports continued to show sharp declines during the review period. In 2014, the growth rate was the fastest, with exports increasing by X% year-on-year. During the period under review, exports reached a maximum of X units in 2015; however, from 2016 to 2020, exports failed to regain momentum.

In value terms, 2020 crane exports have shrunk significantly to $X. Overall, exports continued to show a sharp decline. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2015 and 2020.

China (X units) is the main destination for Uzbekistan’s crane exports, accounting for X% of total exports. In addition, crane exports to China are five times higher than exports to the second largest destination, Turkey (X units).

From 2007 to 2020, the average annual growth rate of exports to China is +X%. Exports to other major destinations recorded the following average annual export growth rates: Turkey (+X% per annum) and Tajikistan (X% per annum).

In value terms, China ($X) became the main foreign market for Uzbekistan’s crane exports, accounting for X% of total exports. In second place is Turkey ($X) with X% of total exports.

From 2007 to 2020, the average annual growth rate of value to China totaled +X%. Exports to other major destinations recorded the following average annual export growth rates: Turkey (+X% per annum) and Tajikistan (X% per annum).

Import scale of cranes in Uzbekistan
In 2020, after a three-year decline, the number of derricks, cranes, mobile derricks, straddle carriers and crane-equipped work trucks procured abroad increased significantly by X% to X tower. Overall, imports showed strong growth. The most significant growth rate occurred in 2011, with an X% year-on-year increase. Imports peaked at X units in 2014; however, from 2015 to 2020, imports decreased slightly.

Crane imports surged to $X in 2020 by value. During the period under review, imports recorded significant growth. The growth rate was most pronounced in 2012, when imports increased by X% year-on-year. During the period under review, imports hit an all-time high in 2020 and are expected to keep growing in the short term.

China (X units), Russia (X units) and Turkey (X units) are the main suppliers of crane imports to Uzbekistan, together accounting for X% of total imports. Iran, Kazakhstan, Lithuania and Japan lagged slightly, adding further from 2007 to 2020 combined. X Other leaders saw more moderate import growth.

By value, the largest crane suppliers to Uzbekistan are China ($X), Russia ($X) and Turkey ($X), which together account for X% of total imports. This is followed by Lithuania, Iran, Kazakhstan and Japan, which together account for an additional X terms of major suppliers, with Lithuania (+X% per annum) having the highest growth in import value during the review period, while purchases by other leaders experienced a more moderate growth rate.

Statistics of various crane suppliers in Uzbekistan
By value, Uzbekistan’s largest suppliers of cranes are China, Russia and Turkey, which together account for 75% of total imports. It is followed by Lithuania, Iran, Kazakhstan and Japan, which together account for another 15%.

In value terms, China became the main foreign market for Uzbekistan’s crane exports, accounting for 88% of total exports. In second place was Turkey, which accounted for 8.9% of total exports.

The average export price of cranes in 2020 was USD 20,095 per unit, a decrease of -43.6% from the previous year.

In 2020, the average price of crane imports was US$60,733 per unit, up 75% from the previous year.

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https://www.craneyt.com/uzbekistan-crane-market-study-2022.html
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