Eastern Asia: Escalator Market 2025

Escalator Market Size in Eastern Asia

The East Asian escalator market declined modestly to $X in 2022, with a decrease of -3.8% against the previous year. In general, consumption recorded a perceptible reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Escalator Production in Eastern Asia

In value terms, escalator production fell to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 9.6%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Escalator Exports

Exports in Eastern Asia

Escalator exports contracted to X units in 2022, remaining stable against the previous year. Over the period under review, exports saw a noticeable slump. The growth pace was the most rapid in 2013 when exports increased by 12%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, escalator exports shrank to $X in 2022. Overall, exports saw a mild decrease. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of escalators and moving WalkWays, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of -2.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest escalator supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -1.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 18% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.3% per year.

Escalator Imports

Imports in Eastern Asia

In 2022, the amount of escalators and moving WalkWays imported in Eastern Asia dropped to X units, reducing by -13.1% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, escalator imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea represented the main importing country with an import of about X units, which reached 60% of total imports. Hong Kong SAR (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (14%) and Japan (8.5%). Macao SAR (X units) held a little share of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of escalators and moving WalkWays. At the same time, Macao SAR (+18.0%) and Hong Kong SAR (+3.9%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +18.0% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR and Macao SAR increased by +3.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported escalators and moving WalkWays in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

In South Korea, escalator imports increased at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.3% per year) and Taiwan (Chinese) (-3.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, increasing by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Macao SAR ($X per unit) and Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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