EU: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in the EU

The EU underground continuous-action elevator market was estimated at $X in 2021, with an increase of 8.2% against the previous year. In general, consumption, however, saw a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Underground Continuous-Action Elevator Production in the EU

In value terms, underground continuous-action elevator production totaled $X in 2021 estimated in export price. In general, production, however, saw a deep reduction. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Underground Continuous-Action Elevator Exports

Exports in the EU

In 2021, shipments abroad of underground continuous-action elevators and conveyors was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2018 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator exports fell to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 122%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland represented the key exporting country with an export of about X units, which reached 57% of total exports. Spain (X units) ranks second in terms of the total exports with an 18% share, followed by Germany (18%). The Czech Republic (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to underground continuous-action elevator exports from Poland stood at -10.2%. At the same time, Spain (+2.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +2.1% from 2012-2021. By contrast, Germany (-22.9%) and the Czech Republic (-36.5%) illustrated a downward trend over the same period. While the share of Poland (+25 p.p.) and Spain (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-20.5 p.p.) and Germany (-21.9 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest underground continuous-action elevator supplier in the European Union, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to -6.2%. In the other countries, the average annual rates were as follows: Germany (-24.5% per year) and Spain (-1.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, which is down by -7.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 105%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Underground Continuous-Action Elevator Imports

Imports in the EU

In 2021, imports of underground continuous-action elevators and conveyors in the European Union skyrocketed to X units, picking up by 74% against 2020 figures. Overall, imports recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 165%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports expanded rapidly to $X in 2021. In general, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of 135% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany represented the major importer of underground continuous-action elevators and conveyors in the European Union, with the volume of imports resulting at X units, which was approx. 44% of total imports in 2021. Austria (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Poland (17%) and Italy (9%). The Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +75.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constitutes the largest market for imported underground continuous-action elevators and conveyors in the European Union, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Poland, with a 13% share.

In Austria, underground continuous-action elevator imports expanded at an average annual rate of +33.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+24.1% per year) and Poland (+8.1% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, shrinking by -36.1% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2015 when the import price increased by 69%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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