MERCOSUR: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in MERCOSUR

The MERCOSUR underground continuous-action elevator market shrank modestly to $X in 2021, dropping by -3.7% against the previous year. In general, consumption, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 2%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in MERCOSUR

In value terms, underground continuous-action elevator production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 1.7%. 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 MERCOSUR

In 2021, shipments abroad of underground continuous-action elevators and conveyors increased by 206% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 2,028% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports dropped modestly to $X in 2021. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 1,675% against the previous year. 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

Ecuador dominates exports structure, recording X units, which was approx. 82% of total exports in 2021. It was distantly followed by Colombia (X units) and Brazil (X units), together achieving a 15% share of total exports. Chile (X units) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the underground continuous-action elevators and conveyors exports, with a CAGR of +45.7% from 2012 to 2021. At the same time, Colombia (+32.4%) displayed positive paces of growth. By contrast, Brazil (-8.1%) and Chile (-43.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ecuador, Colombia and Brazil increased by +82, +9.6 and +2 percentage points, respectively.

In value terms, the largest underground continuous-action elevator supplying countries in MERCOSUR were Ecuador ($X), Colombia ($X) and Brazil ($X), with a combined 96% share of total exports.

Among the main exporting countries, Colombia, with a CAGR of +48.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, falling by -67.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 162% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined sharply in the following year.

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 Colombia ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+11.8%), while the other leaders experienced mixed trends in the export price figures.

Underground Continuous-Action Elevator Imports

Imports in MERCOSUR

In 2021, underground continuous-action elevator imports in MERCOSUR surged to X units, increasing by 75% against 2020 figures. In general, imports, however, showed a precipitous descent. The most prominent rate of growth was recorded in 2014 when imports increased by 252% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, underground continuous-action elevator imports soared to $X in 2021. Over the period under review, imports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 250%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Colombia (X units) and Brazil (X units) prevails in imports structure, together making up 82% of total imports. It was distantly followed by Chile (X units), comprising a 7.4% share of total imports. Paraguay (X units), Guyana (X units) and Argentina (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 Guyana (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constitutes the largest market for imported underground continuous-action elevators and conveyors in MERCOSUR, comprising 59% of total imports. The second position in the ranking was held by Brazil ($X), with a 22% share of total imports. It was followed by Chile, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Colombia stood at +7.4%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-14.2% per year) and Chile (-36.7% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, which is down by -20.6% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 36%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform