Europe: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Europe

In 2021, the Europe underground continuous-action elevator market increased by 2.8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in Europe

In value terms, underground continuous-action elevator production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports in Europe

In 2021, the amount of underground continuous-action elevators and conveyors exported in Europe dropped to X units, which is down by -11.1% against 2020 figures. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, underground continuous-action elevator exports reduced notably to $X in 2021. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Poland (X units) was the major exporter of underground continuous-action elevators and conveyors, committing 42% of total exports. Spain (X units) ranks second in terms of the total exports with a 14% share, followed by Germany (13%), Switzerland (13%), Ukraine (5.8%) and Russia (5.6%).

Exports from Poland decreased at an average annual rate of -10.2% from 2012 to 2021. At the same time, Switzerland (+2.7%) and Spain (+2.1%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +2.7% from 2012-2021. By contrast, Russia (-1.0%), Ukraine (-9.2%) and Germany (-22.9%) illustrated a downward trend over the same period. While the share of Poland (+20 p.p.), Spain (+11 p.p.), Switzerland (+11 p.p.), Russia (+4.3 p.p.) and Ukraine (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-14.5 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest underground continuous-action elevator supplier in Europe, comprising 46% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to -6.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-24.5% per year) and Switzerland (+2.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, reducing by -17.6% against the previous year. In general, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 37%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a 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 Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Underground Continuous-Action Elevator Imports

Imports in Europe

In 2021, overseas purchases of underground continuous-action elevators and conveyors decreased by -17.4% to X units, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports dropped notably to $X in 2021. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 94% 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 (X units), Russia (X units), Austria (X units), the UK (X units) and Poland (X units) represented roughly 84% of total imports in 2021. It was distantly followed by Italy (X units), creating a 5.5% share of total imports. Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Germany (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Austria ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports.

Among the main importing countries, Austria, with a CAGR of +33.3%, recorded the highest growth rate of 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

In 2021, the import price in Europe amounted to $X per unit, waning by -29.6% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform