India: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in India

In 2022, the Indian continuous-action elevators and conveyors market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, the total consumption indicated a tangible 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in India

In value terms, continuous-action elevators and conveyors production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Continuous-action elevators and conveyors production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from India

In 2022, the amount of continuous-action elevators and conveyors exported from India soared to X units, rising by X% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2022. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), the United States (X units) and Nepal (X units) were the main destinations of continuous-action elevators and conveyors exports from India, together accounting for X% of total exports. Bangladesh, Singapore, Nigeria, Tanzania, Kenya, the UK, Spain, Finland and Ethiopia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for continuous-action elevators and conveyors exports from India, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Japan (X% per year).

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Continuous-Action Elevators And Conveyors

Imports into India

In 2022, approx. X units of continuous-action elevators and conveyors were imported into India; jumping by X% on the year before. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, continuous-action elevators and conveyors imports surged to $X in 2022. Overall, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of continuous-action elevators and conveyors to India, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to India, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :