Uzbekistan’s lifting equipment market soars to $X in 2021, growing by X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption has grown significantly. During the period under review, the market reached an all-time high in 2021 and is likely to grow gradually in the near future.
After two years of decline, overseas shipments of lifting equipment will drop -X% to less than X units in 2021. Overall, exports showed a relatively flat trend pattern. Exports peaked at X units in 2018; however, exports have remained low from 2019 to 2021.
In terms of value, hoisting equipment exports fell sharply to less than $X in 2021. Exports contracted sharply during the review period. Exports peaked at $X in 2018; however, from 2019 to 2021, exports have remained low.
China (X units) is the main destination for Uzbekistan's hoisting equipment exports, accounting for about X% of total exports.
From 2012 to 2020, the average annual growth rate of exports to China was relatively modest.
From 2012 to 2020, the average annual growth rate of value to China is -X%.
Uzbekistan recorded an increase in overseas purchases of heavy equipment for the seventh consecutive year, increasing by X% to X units in 2021. Overall, imports have grown significantly. The most significant growth rate occurred in 2016, when imports increased by X% over the previous year. Imports peaked in 2021 and are expected to keep growing in the short term.
Lifting equipment imports surge to $X by value in 2021. During the period under review, there was a significant increase in imports. The most significant growth rate occurred in 2016, with an increase of X%. During the period under review, imports hit a record high in 2021 and are likely to see steady growth in the short term.
China (X units), Spain (X units) and Russia (X units) are the main suppliers of lifting equipment imported to Uzbekistan, accounting for X% of total imports.
From 2012 to 2021, the largest increase was in China (+X% CAGR), while other leaders saw more modest purchase growth.
Spain ($X) is the largest lifting equipment supplier to Uzbekistan by value, representing X% of total imports. In second place is China ($X) with X% of total imports. It is followed by Russia with an X% share.
From 2012 to 2021, Spain will see an average annual value growth of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X% per annum) and Russia (+X% per annum).
Spain is the largest supplier of lifting equipment to Uzbekistan by value, accounting for 61% of total imports. In second place is China, which accounts for 22% of total imports. It is followed by Russia with a share of 10%.
The average export price of hoisting equipment in 2020 is US$164/unit, which is basically the same as the previous year.
The average import price of hoisting equipment in 2021 is US$2,339 per unit, a year-on-year increase of 22%.
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