EU: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in the EU

In 2022, the EU continuous-action elevators and conveyors market decreased by X% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Continuous-Action Elevators And Conveyors in the EU

In value terms, continuous-action elevators and conveyors production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in the EU

In 2022, the amount of continuous-action elevators and conveyors exported in the European Union skyrocketed to X units, increasing by X% compared with the year before. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

In 2022, Sweden (X units) was the largest exporter of continuous-action elevators and conveyors, comprising X% of total exports. Denmark (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Austria (X%), Italy (X%) and the Netherlands (X%). Finland (X units), Cyprus (X units), Portugal (X units), Belgium (X units), the Czech Republic (X units), Latvia (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors exports from Sweden stood at X%. At the same time, Cyprus (X%), Latvia (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Denmark experienced a relatively flat trend pattern. By contrast, Finland (X%), Belgium (X%), the Czech Republic (X%), Austria (X%), the Netherlands (X%), Italy (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden, Denmark, Cyprus, Latvia and Portugal increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Austria ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Denmark, France, the Czech Republic, Sweden, Belgium, Latvia, Finland, Portugal and Cyprus lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The pace of growth appeared 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 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Cyprus ($X per unit) was amongst the lowest.

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

Imports of Continuous-Action Elevators And Conveyors

Imports in the EU

Continuous-action elevators and conveyors imports soared to X units in 2022, picking up by X% against 2021 figures. Overall, imports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports rose to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Denmark represented the main importing country with an import of around X units, which amounted to X% of total imports. The Netherlands (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%), Germany (X%), Poland (X%) and France (X%). Finland (X units), Slovakia (X units), Belgium (X units), Portugal (X units) and Austria (X units) followed a long way behind the leaders.

Imports into Denmark increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%), Spain (X%), Austria (X%), the Netherlands (X%), Belgium (X%), Slovakia (X%) and France (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), Portugal (X%) and Germany (X%) illustrated a downward trend over the same period. Denmark (X p.p.), Spain (X p.p.), the Netherlands (X p.p.), Finland (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total imports, while Portugal and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while Denmark ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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