EU: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in the EU

The EU pneumatic elevator market surged to $X in 2022, rising by 40% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pneumatic Elevator Production in the EU

In value terms, pneumatic elevator production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pneumatic Elevator Exports

Exports in the EU

After two years of growth, overseas shipments of pneumatic elevators and conveyors decreased by -32.4% to X units in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 37%. The volume of export peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, pneumatic elevator exports contracted to $X in 2022. Over the period under review, exports recorded a mild descent. The pace of growth was the most pronounced in 2017 with an increase of 9.6%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) and Italy (X units) represented the largest exporters of pneumatic elevators and conveyors in 2022, recording near 33% and 22% of total exports, respectively. Spain (X units) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by France (8.3%) and Belgium (7.1%). Poland (X units), the Netherlands (X units), Denmark (X units), Estonia (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +23.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for 67% of total exports. Belgium, Spain, Poland, the Netherlands, Denmark, Estonia and Austria lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, Poland, with a CAGR of +23.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, rising by 33% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.2%), while the other leaders experienced mixed trends in the export price figures.

Pneumatic Elevator Imports

Imports in the EU

In 2022, the amount of pneumatic elevators and conveyors imported in the European Union surged to X units, growing by 32% compared with 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 98%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, pneumatic elevator imports totaled $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X units), distantly followed by Italy (X units), Finland (X units), the Netherlands (X units), Spain (X units), Bulgaria (X units), Greece (X units) and the Czech Republic (X units) were the largest importers of pneumatic elevators and conveyors, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +43.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator importing markets in the European Union were Italy ($X), the Netherlands ($X) and Spain ($X), with a combined 38% share of total imports.

In terms of the main importing countries, Italy, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, 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, dropping by -16.5% against the previous year. Overall, the import price faced a abrupt decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 19%. The level of import peaked at $X per unit in 2012; however, from 2013 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 Spain ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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