Asia: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Asia

The Asian continuous-action elevators and conveyors market rose rapidly to $X in 2022, picking up by X% against the previous year. In general, consumption showed strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in Asia

In value terms, continuous-action elevators and conveyors production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports in Asia

In 2022, the amount of continuous-action elevators and conveyors exported in Asia surged to X units, picking up by X% against the previous year's figure. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, continuous-action elevators and conveyors exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China represented the key exporter of continuous-action elevators and conveyors in Asia, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), Taiwan (Chinese) (X units) and Singapore (X units), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors exports from China stood at X%. At the same time, Taiwan (Chinese) (X%) and India (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Taiwan (Chinese) increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest continuous-action elevators and conveyors supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports in Asia

In 2022, approx. X units of continuous-action elevators and conveyors were imported in Asia; picking up by X% against 2021 figures. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, continuous-action elevators and conveyors imports expanded slightly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) and India (X units) represented the largest importers of continuous-action elevators and conveyors in Asia, together creating X% of total imports. The Philippines (X units) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%) and China (X%). Cambodia (X units), Malaysia (X units), Thailand (X units), Taiwan (Chinese) (X units) and Qatar (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported continuous-action elevators and conveyors in Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In China, continuous-action elevators and conveyors imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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