Central Asia's economic development has a low level of industrialization, but it is rich in human resources, low labor costs, and rich in land resources, mineral resources, and power resources.
At present, China's domestic demand is developing rapidly with high quality, and Central Asia is implementing the strategy of accelerating industrialization and revitalizing modern agriculture. The combination of the two will produce synergies. China's continuous expansion of foreign development has created new opportunities for Central Asian countries to accelerate industrialization, and the rich varieties of Central Asian products can occupy their due share in the Chinese market. Central Asian countries have national capital and resource endowments sufficient to achieve these goals.
For Dongqi Crane, the crane market in Central Asia is still under development. In the past 2021, the sales volume of Dongqi Crane in the five Central Asian countries is in single digits, of which Uzbekistan has the most with 9 cranes project. Based on this, this article discusses the overhead crane market in Central Asia and its development trends in 2022
In 2020, the Central Asian Overhead Crane Market dropped -X% to $X for the first time since 2016, ending a three-year upward trend. From 2007 to 2020, market capitalization has grown at an average annual rate of +X%; however, the trend pattern indicates that some notable fluctuations were recorded throughout the analysis period. The most significant growth rate occurred in 2008, with an X% year-on-year increase. Consumption levels peaked at $X in 2019 and then declined significantly the following year.
In value terms, the production of overhead cranes in 2020 is estimated to have shrunk to $X at export prices. Overall, production recorded a marked decline. The most significant growth rate occurred in 2013, when production increased by X% over the previous year. As a result, production reached a peak level of X dollars. Production growth failed to regain momentum between 2014 and 2020.
The country with the largest production of overhead cranes is Uzbekistan (X units), with about X% of the total volume. In Uzbekistan, between 2007 and 2020, the production of overhead cranes decreased at an annual average rate of -X%.
In 2020, the export volume of fixed-support overhead cranes from Central Asia increased significantly to X units, an increase of X% compared with 2019. But overall, exports face a sharp drop. The growth rate was most pronounced in 2018, with a year-on-year increase of X%. During the period under review, exports reached an all-time high of X units in 2007; however, from 2008 to 2020, exports failed to regain momentum. In value terms, 2020 bridge crane exports fell rapidly to $X. But overall, exports have contracted sharply. The growth rate was most pronounced in 2011, when exports increased by X% year-on-year. Export levels peaked at $X in 2007; however, from 2008 to 2020, exports have been at lower levels.
Kyrgyzstan is the main exporting country, exporting about X units or X% of total exports. Kazakhstan (X units) came second, followed by Uzbekistan (X units). All these countries combined cost about . X% of total exports. From 2007 to 2020, among the major exporting countries, Kyrgyzstan achieved the most significant growth in shipments, while other leaders saw a decline in export figures. The largest suppliers of overhead cranes to Central Asia by value are Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), which together account for X% of total exports. Among the major exporting countries, Kyrgyzstan recorded the highest export value growth rate during the review period, while other leaders saw a decline in export figures.
In 2020, the import volume of fixed-support overhead cranes in Central Asia dropped to X units, down -X% from 2019. But overall, imports increased slightly. The most significant growth rate occurred in 2008, which was an X% increase compared to the previous year. As a result, imports peaked at X units. From 2009 to 2020, import growth remained low. In value terms, imports of overhead cranes fell sharply to $X in 2020.
From 2007 to 2020, total imports have increased significantly: their value has grown at an average annual rate of +X% over the past 13 years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2020 data, imports increased by +X% compared to the 2017 index. The growth rate was most pronounced in 2008, with a year-on-year increase of X%. During the period under review, imports hit an all-time high of $X in 2019 before shrinking significantly the following year.
In 2020, Kazakhstan (X units), Uzbekistan (X units) and Mongolia (X units) were the main importers of fixed-support overhead cranes in Central Asia, accounting for X% of total imports. Kyrgyzstan (X units) ranks second in total imports with an X% share, followed by Turkmenistan (X%). From 2007 to 2020, of the major importing countries, Uzbekistan recorded the most significant growth rate in purchases, while other leaders saw more modest growth rates in imports.
Uzbekistan ($X) is the largest market for fixed-frame imported overhead cranes in Central Asia by value, accounting for X% of total imports. In second place is Mongolia ($X) with X% of total imports. It is followed by Kazakhstan with an X% share. In Uzbekistan, from 2007 to 2020, the average annual growth rate of imports of overhead cranes was +X%. In other countries, the average annual growth rates are as follows: Mongolia (+X% per year) and Kazakhstan (-X% per year).
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