Eastern Asia: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Eastern Asia

The East Asian continuous-action elevators and conveyors market expanded sharply to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in Eastern Asia

In value terms, continuous-action elevators and conveyors production expanded notably to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in Eastern Asia

In 2022, approx. X units of continuous-action elevators and conveyors were exported in Eastern Asia; picking up by X% against the previous year. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, continuous-action elevators and conveyors exports surged 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 in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Taiwan (Chinese) (X units), making up a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese) and China increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, continuous-action elevators and conveyors exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Continuous-Action Elevators And Conveyors

Imports in Eastern Asia

In 2022, the amount of continuous-action elevators and conveyors imported in Eastern Asia dropped to X units, with a decrease of X% against the previous year. Over the period under review, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports reduced to $X in 2022. Overall, imports recorded a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the key importer of continuous-action elevators and conveyors, making up X% of total imports. Taiwan (Chinese) (X units) held the second position in the ranking, distantly followed by South Korea (X units) and Hong Kong SAR (X units). All these countries together held near X% share of total imports. Japan (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors imports into China stood at X%. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, continuous-action elevators and conveyors imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :