In 2021, the Russian market for pulley tackle and hoists powered by an electric motor decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
In value terms, production of pulley tackle and hoists powered by an electric motor dropped to $X in 2021 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.
Overseas shipments of electric motor-driven pulley tackle and hoists fell -X% to X units in 2021, the third consecutive year of decline after three years of growth. Overall, exports continued to show a marked decline. The most prominent growth rate was in 2014, with an increase of X%. During the period under review, exports peaked at X units in 2018; however, exports remained at lower levels from 2019 to 2021.
Exports of electric motor-driven pulley tackle and hoists to soar to $X in 2021 in value terms. However, exports have grown significantly during the reporting period. The most prominent growth rate was in 2017, when exports increased by X%. Exports peaked in 2021 and are expected to keep growing in the coming years.
Kazakhstan (X), Belarus (X units) and Moldova (X units) are the main export destinations of Russian electric pulleys and lifts, together accounting for X% of total exports. Bangladesh, Azerbaijanet Ukraine are some of the laggards, collectively accounting for X multiples from 2012 to 2021, with the largest increase in Bangladesh (+X% CAGR), while the other leaders are seeing more modest shipment growth.
In value terms, the largest markets for Russian exports of electric motor driven pulley tackle and hoists are Kazakhstan ($X), Belarus ($X) and Bangladesh ($X), together accounting for X% of total exports. With a CAGR of +X%, Bangladesh recorded the highest export value growth rate among the major destination countries during the review period, while other major countries experienced more modest export growth.
After two years of decline, overseas purchases of electric motor-driven pulley tackle and hoists increased by X% to X units in 2021. Overall, however, imports continued to show a sharp decline. 2018 saw the fastest growth, with an increase of X% over the previous year. Import volumes peaked at Unit X in 2012; however, imports failed to regain momentum from 2013 to 2021.
In value terms, imports of electric motor driven pulley tackle and hoists shrink sharply to $X in 2021. However, imports continued to show a sudden contraction during the reporting period. The pace of growth was fastest in 2018, with imports up X% over the previous year. During the period under review, imports reached their highest level of $X in 2012; however, from 2013 to 2021, imports were slightly lower.
In 2021, Bulgaria (X units) is the largest pulley spreader and hoist in La russie, accounting for X% of total imports. In addition, imports of electric motor-driven pulley tackle and lifts from Bulgaria were three times higher than the figures recorded by the second largest supplier, China (Taiwan X). The third place in this ranking is Italie (X units) with X%.
From 2012 to 2021, Bulgaria will grow at an average annual rate of -X%. The average annual growth rate of imports of the remaining suppliers is as follows: China (-X% per annum) and Italy (-X% per annum).
Bulgaria ($X) is the largest supplier of electric pulley tackle and lifts to Russia by value, accounting for X% of total imports. In second place is China ($X), accounting for X% of total imports. This is followed by Allemagne with an X% share.
From 2012 to 2021, the average annual growth rate of Bulgarian value is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X%/year) and Germany (-X%/year).
In value terms, Bulgaria constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Russia, comprising 55% of total imports. The second position in the ranking was held by China, with a 22% share of total imports. It was followed by Germany, with an 8.7% share.
In value terms, Kazakhstan, Belarus and Bangladesh appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from Russia worldwide, with a combined 84% share of total exports.
The average export price for pulley tackle and hoists powered by an electric motor stood at $1,386 per unit in 2021, picking up by 50% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $2,822 per unit in 2021, waning by -25.8% against the previous year.
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