The Uzbekistan Transport and Overhead Crane Market Declines -X% to X Dollars in 2021, Declining for the Second Consecutive Year After Three Years of Growth. However, during the period under review, there was a significant increase in consumption. During the period under review, the market peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
In 2021, Uzbekistan's exports of transport and overhead cranes shrunk significantly to less than X units, a -X% decline compared to 2020. During the period under review, exports declined sharply. Exports peaked at X units in 2019; however, from 2020 to 2021, export volumes were at lower levels.
In terms of value, exports of transport and overhead cranes fell sharply to less than $X in 2021. Overall, 5 ton overhead crane exports fell sharply. During the period under review, exports hit an all-time high of $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.
Turki (X units) is the main destination for Uzbekistan's exports of transport and overhead cranes, accounting for about X% of total exports. From 2012 to 2020, the average annual growth rate of cargo volumes to Turkey was -X%.
In terms of value, Turkey (USD X) remains the main foreign market for Uzbekistan's transport and overhead crane exports. From 2012 to 2020, the average annual growth rate of the value to Turkey is -X%.
In 2021, foreign supply of haulage cranes, gantry crane and overhead cranes fell -X% to X units, the second consecutive year of decline after three consecutive years of growth. However, imports showed resilient growth during the period under review. The fastest growth was recorded in 2018, with imports increasing by X% year-on-year. Imports peaked at X units in 2019; however, imports remain low from 2020 to 2021.
In value terms, imports of transport and overhead cranes fell significantly to $X in 2021. But overall, imports have shown resilient growth. The fastest growth rate in 2018, an increase of X% year-on-year. Imports peaked at $X in 2020 and then declined significantly the following year.
Turkey (X units), China (X units) and Belgia (X units) are the main suppliers of transport and overhead cranes imported to Uzbekistan, together accounting for X% of total imports.
From 2012 to 2021, among major suppliers, China recorded the most significant growth in purchases (+X%), while other leaders saw more modest growth in imports.
By value, the largest suppliers of transport and overhead cranes to Uzbekistan are China (USD X), Turkey (USD X) and Belgium (USD X), which together account for X% of total imports. China recorded the highest import value growth rate of +X% CAGR among the major suppliers during the period under review, while other leaders saw more modest purchase growth.
By value, Uzbekistan's largest suppliers of transport and overhead cranes are China, Turkey and Belgium, which together account for 98% of total imports.
In terms of value, Turkey remains the main foreign market for Uzbekistan's transport and overhead crane exports.
In 2020, the average export price of transport and overhead cranes was $10,003 per unit, up 176% from the previous year.
In 2021, the average import price of transport and overhead cranes will be $3,311 per unit, down -51.7% from the previous year.
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