Northern America: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Northern America

The North American pneumatic elevator market expanded remarkably to $X in 2022, with an increase of 12% against the previous year. Overall, consumption showed a resilient expansion. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Pneumatic Elevator Production in Northern America

In value terms, pneumatic elevator production stood at $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 157%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports in Northern America

In 2022, overseas shipments of pneumatic elevators and conveyors increased by 2.1% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic elevator exports reached $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States represented the largest exporter of pneumatic elevators and conveyors in Northern America, with the volume of exports reaching X units, which was approx. 70% of total exports in 2022. It was distantly followed by Canada (X units), achieving a 30% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic elevator exports from the United States stood at -2.1%. Canada experienced a relatively flat trend pattern. Canada (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, the largest pneumatic elevator supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +9.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 when the export price increased by 23%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.7%).

Pneumatic Elevator Imports

Imports in Northern America

In 2022, approx. X units of pneumatic elevators and conveyors were imported in Northern America; with an increase of 74% compared with 2021. Over the period under review, imports enjoyed buoyant growth. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic elevator imports surged to $X in 2022. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada represented the key importer of pneumatic elevators and conveyors in Northern America, with the volume of imports resulting at X units, which was near 67% of total imports in 2022. It was distantly followed by the United States (X units), committing a 33% share of total imports.

Canada was also the fastest-growing in terms of the pneumatic elevators and conveyors imports, with a CAGR of +10.5% from 2012 to 2022. At the same time, the United States (+7.0%) displayed positive paces of growth. Canada (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -7.3% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported pneumatic elevators and conveyors in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

In the United States, pneumatic elevator imports expanded at an average annual rate of +6.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, dropping by -13.6% against the previous year. Over the period under review, the import price showed a mild slump. The pace of growth was the most pronounced in 2020 an increase of 116%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the 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 the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Source: IndexBox Platform

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