In 2020, the Russian crane market grew X% to X dollars, rising for the second year in a row after three consecutive years of decline. However, consumption decreased slightly during the period under review. Consumption of cranes peaked at $X in 2007; however, from 2008 to 2020, consumption was at a lower level.
In 2020 crane production soared to X dollars by value (estimated at export prices). During the period under review, however, production declined slightly. During the period under review, production hit an all-time high of $X in 2007; however, from 2008 to 2020, production failed to regain momentum.
In 2020, overseas shipments of cranes and mobile crane frames finally rose to X units after two years of decline. During the period under review, exports grew strongly. The growth rate was most pronounced in 2008, with an X% increase over the previous year. As a result, exports peaked at X units. From 2009 to 2020, the growth rate of exports remained at a low level.
Crane exports surged to $X in 2020 by value. Overall, exports showed a moderate expansion. 2012 saw the fastest growth, with an X% increase over the previous year. During the period under review, exports peaked at $X in 2008; however, from 2009 to 2020, exports have been at lower levels.
Belarus (X satuan), Kazakhstan (X satuan) dan Uzbekistan (X units) were the main destinations for Russian crane exports, together accounting for X% of total exports. Bangladesh, India, Lithuania and Ukraine are somewhat behind, together accounting for a further X-fold between 2007 and 2020, with the largest growth being Bangladesh (+X% per annum), while the other leaders have seen more modest growth in shipments .
The largest markets for crane exports from Rusia by value are Uzbekistan ($X), Bangladesh ($X), and Kazakhstan ($X), which together account for X% of total exports.
Bangladesh (+X% per annum) experienced the highest growth in export value among the top destination countries during the review period, while other leaders saw more modest growth in shipments.
In 2020, overseas purchases of cranes, mobile cranes fell -X% to X units for the first time since 2015, thus ending a four-year upward trend. Overall, however, imports showed a relatively flat trend pattern. The most significant growth rate occurred in 2019, when imports increased by X% year-on-year. As a result, imports peaked at X units before shrinking sharply the following year.
In terms of value, 2020 crane imports fell to X dollars. Overall, however, imports continued to show a marked pullback. 2011 saw the fastest growth, with imports increasing by X% year-on-year. During the period under review, imports reached a record $X in 2008; however, from 2009 to 2020, imports have been at lower levels.
In 2020, China (X units) was the largest crane supplier to Russia, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded the number recorded by the second largest supplier, South Korea (X units). Italia (X units) ranks third in total imports with a share of X%.
From 2007 to 2020, the average annual growth rate of Chinese exports totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: South Korea (+X% per annum) and Italy (-X% per annum).
Russia's largest crane suppliers by value are Jerman ($X), China ($X) and South Korea ($X), which together account for X% of total imports. Jepang, Austria, Italy, Denmark dan Turki were slightly behind and together accounted for the X number of major suppliers, with Turkey having the highest growth rate in import value during the period under review, while other leaders saw a more moderate pace of growth in purchases.
Germany, China and South Korea appear to be Russia's largest crane suppliers by value, together accounting for 57% of total imports. Japan, Austria, Italy, Denmark and Turkey are slightly behind, with a combined 24%.
The largest markets for Russian crane exports by value are Uzbekistan, Bangladesh and Kazakhstan, which together account for 56% of total exports.
The average export price of cranes in 2020 was US$15,721 per unit, an increase of 9.5% over the previous year.
The average price of crane imports in 2020 was $25,367 per unit, a 47% increase from the previous year.
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