Asia: Electrically Operated Lift Market 2020

Electrically Operated Lift Market Size in Asia

The revenue of the electrically operated lift market in Asia amounted to $X in 2017, picking up by X% against the previous year. The electrically operated lift consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2015, when market value increased by X% year-to-year. In that year, the electrically operated lift market attained their peak level of $X. From 2016 to 2017, growth of the electrically operated lift market stood at a somewhat lower level.

Electrically Operated Lift Production in Asia

In 2017, production of electrically operated lifts and skip hoists in Asia amounted to X units, waning by -X% against the previous year. The electrically operated lift production continues to indicate a sharp decrease. The pace of growth appeared the most rapid in 2016, when the output figure increased by X% y-o-y. Over the period under review, the electrically operated lift production reached its maximum volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Electrically Operated Lift Exports in Asia

In 2017, the amount of electrically operated lifts and skip hoists exported in Asia totaled X units, picking up by X% against the previous year. The total exports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrically operated lift exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Over the period under review, the electrically operated lift exports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, electrically operated lift exports stood at $X in 2017. The total exports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the electrically operated lift exports reached its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Electrically Operated Lift Exports by Country in Asia

China dominates electrically operated lift exports structure, resulting at X units, which was near X% of total exports in 2017. It was distantly followed by Thailand (X units), Japan (X units), Malaysia (X units) and South Korea (X units), together constituting X% share of total exports. The following exporters - Turkey (X units) and India (X units) each reached a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electrically operated lift exports from China stood at +X%. At the same time, India (+X%), Malaysia (+X%), Turkey (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Japan and South Korea experienced a relatively flat trend pattern. India (-X%), Thailand (-X%), Malaysia (-X%) and China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electrically operated lift supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

In China, electrically operated lift exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Japan (+X% per year).

Electrically Operated Lift Export Prices by Country in Asia

The electrically operated lift export price in Asia stood at $X thousand per unit in 2017, approximately reflecting the previous year. The electrically operated lift export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, an increase of X% year-to-year. In that year, the export prices for electrically operated lifts and skip hoists reached their peak level of $X thousand per unit. From 2010 to 2017, growth of the export prices for electrically operated lifts and skip hoists failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Korea ($X thousand per unit), while Malaysia ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Imports in Asia

In 2017, approx. X units of electrically operated lifts and skip hoists were imported in Asia; growing by X% against the previous year. The electrically operated lift imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the electrically operated lift imports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, electrically operated lift imports totaled $X in 2017. The total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the electrically operated lift imports reached its maximum level in 2017, and are expected to retain its growth in the near future.

Electrically Operated Lift Imports by Country in Asia

Jordan (X units) and Thailand (X units) were the largest importers of electrically operated lifts and skip hoists in 2017, reaching near X% and X% of total imports, respectively. It was distantly followed by Singapore (X units), committing X% share of total imports. Bhutan (X units), Indonesia (X units), Malaysia (X units), Vietnam (X units), Bahrain (X units), Turkey (X units), China (X units), the Philippines (X units) and India (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Vietnam, Indonesia, India, Singapore, the Philippines, Thailand, Bahrain, Jordan and Bhutan, which together accounted for a further X%.

The Philippines (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Import Prices by Country in Asia

In 2017, the electrically operated lift import price in Asia amounted to $X thousand per unit, waning by -X% against the previous year. The electrically operated lift import price continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% against the previous year. The level of import price peaked of $X thousand per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X thousand per unit), while Bhutan ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Vietnam (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform