Report Update Jun 1, 2025

Thailand - Underground Continuous-Action Elevators and Conveyors - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Underground Continuous-Action Elevator Market 2025

Underground Continuous-Action Elevator Market Size in Thailand

After eight years of decline, the Thai underground continuous-action elevator market increased by 3.2% to $X in 2021. Overall, consumption, however, faced a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Underground Continuous-Action Elevator Production in Thailand

In value terms, underground continuous-action elevator production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. Underground continuous-action elevator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports from Thailand

In 2019, after two years of decline, there was significant decline in overseas shipments of underground continuous-action elevators and conveyors, when their volume decreased by -99.7% to X units. In general, exports recorded a dramatic descent. Over the period under review, the exports attained the peak figure at X units in 2018, and then contracted remarkably in the following year.

In value terms, underground continuous-action elevator exports dropped significantly to $X in 2019. Overall, exports showed a sharp decline. The exports peaked at $X in 2018, and then plummeted in the following year.

Exports by Country

Myanmar (X units) was the main destination for underground continuous-action elevator exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Myanmar totaled -73.7%.

In value terms, Myanmar ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Thailand.

From 2012 to 2019, the average annual growth rate of value to Myanmar stood at -71.9%.

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2019, declining by -64.5% against the previous year. Over the period under review, the export price, however, saw a mild expansion. Over the period under review, the average export prices attained the maximum at $X per unit in 2018, and then declined remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2019, the rate of growth in terms of prices for Myanmar amounted to +7.3% per year.

Underground Continuous-Action Elevator Imports

Imports into Thailand

In 2021, approx. X units of underground continuous-action elevators and conveyors were imported into Thailand; flattening at the previous year. In general, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2019 with an increase of 5,715%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports amounted to less than $X in 2021. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 7,966% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X units) was the main underground continuous-action elevator supplier to Thailand, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value from No country was relatively modest.

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2019, dropping by -36.7% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 71%. As a result, import price attained the peak level of $X per unit. From 2018 to 2019, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Australia (+71.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for underground continuous-action elevators and conveyors in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 29% share of global consumption. These countries were followed by India, Japan, Italy, Austria, Brazil, Poland, Indonesia, South Korea, Canada and Democratic Republic of the Congo, which together accounted for a further 31%.

What are the largest producers of underground continuous-action elevators and conveyors in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 29% of global production. These countries were followed by India, Japan, Poland, the UK, Estonia, Italy, Brazil, South Korea, Canada and Democratic Republic of the Congo, which together accounted for a further 35%.

What are the leading suppliers of underground continuous-action elevators and conveyors to Thailand?

In value terms, Spain constituted the largest supplier of underground continuous-action elevator to Thailand, comprising 95% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 4.6% share of total imports.

What are the leading importers of underground continuous-action elevators and conveyors from Thailand?

In value terms, India remains the key foreign market for underground continuous-action elevator exports from Thailand, comprising 86% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with an 8.4% share of total exports. It was followed by Singapore, with a 2% share.

What is the average export price for underground continuous-action elevators and conveyors in Thailand?

The average underground continuous-action elevator export price stood at $7,677 per unit in 2019, which is down by -27.9% against the previous year.

What is the average import price for underground continuous-action elevators and conveyors in Thailand?

In 2021, the average underground continuous-action elevator import price amounted to $2,881 per unit, which is down by -60.4% against the previous year.

This report provides an in-depth analysis of the underground continuous-action elevator market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921100 - Continuous-action elevators and conveyors, for underground use

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND THE AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
5. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export
- This Chapter is Available Only for the Professional EditionPRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
8. Market Volume Forecast to 2035
9. Market Value Forecast to 2035
10. Market Size and Growth, By Product
11. Average Per Capita Consumption, By Product
12. Exports and Growth, By Product
13. Export Prices and Growth, By Product
14. Production Volume and Growth
15. Exports and Growth
16. Export Prices and Growth
17. Market Size and Growth
18. Per Capita Consumption
19. Imports and Growth
20. Import Prices
21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country, 2012–2024
29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country, 2012–2024