The Uzbek market for pulley tackle and hoists powered by an electric motor surged to $X in 2021, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a drastic downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.
Overseas shipments of motor-driven pulley blocks and hoists decreased by -X% to X units in 2021, the fourth consecutive year of decline after three years of growth. Exports continued to decline sharply during the reporting period. The most notable growth rate was in 2017, when exports increased by X% compared to the previous year. As a result, exports peaked at X units. From 2018 to 2021, China's export growth rate will remain at a low level.
In terms of value, 2021 exports of electric pulley blocks and cranes have increased significantly to X dollars. Overall, however, there has been a marked increase in exports. The most notable growth rate was in 2017, when exports increased by X%. As a result, exports peaked at $X. From 2018 to 2021, China's export growth will remain at a slightly lower level.
Italy (X units) is the main export destination of Uzbekistan's motor-driven pulley blocks and cranes, accounting for about X% of total exports.
From 2012 to 2021, the average annual growth rate in Italy is relatively modest.
Average annual value growth in Italy between 2012 and 2021 is relatively modest.
In 2021, foreign supply of electric motor-driven pulley blocks and cranes increased by X% to X units, rising for the third year in a row after three years of decline. However, imports contracted sharply during the reporting period. In 2015, the import volume peaked at Unit X; however, from 2016 to 2021, the import value decreased.
In terms of value, 2021 imports of electric pulley blocks and cranes soared to $X. Overall, imports showed strong growth. The most notable growth rate was in 2019, when imports increased by X%. During the review period, China's imports peaked in 2021 and are expected to keep growing in the coming years.
In 2021, China (X units) becomes Uzbekistan's largest supplier of electric pulley blocks and cranes, accounting for X% of total imports. In addition, the number of pulley blocks and electric hoists imported from China is more than twice that of the second largest supplier Russia (X Taiwan). South Korea (unit X) ranks third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate of Chinese production is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Russia (+X% per annum) and South Korea (-X% per annum).
China ($X) is the largest supplier of pulley blocks and electric hoists to Uzbekistan by value, accounting for X% of total imports. In second place is Russia ($X), accounting for X% of total imports. It is followed by South Korea with an X% share.
From 2012 to 2021, the average annual growth rate of China's value will total +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Russia (+X% per annum) and South Korea (+X% per annum).
In value terms, China constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Uzbekistan, comprising 39% of total imports. The second position in the ranking was held by Russia, with a 17% share of total imports. It was followed by South Korea, with a 9.4% share.
The average export price for pulley tackle and hoists powered by an electric motor stood at $1,721 per unit in 2021, rising by 25% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $565 per unit in 2021, with a decrease of -32.4% against the previous year.
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