U.S.: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in the U.S.

The U.S. pneumatic elevator market was estimated at $X in 2022, increasing by 9% against the previous year. Overall, consumption posted a prominent expansion. Pneumatic elevator consumption peaked in 2022 and is expected to retain growth in years to come.

Pneumatic Elevator Production in the U.S.

In value terms, pneumatic elevator production amounted to $X in 2022. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 247% against the previous year. Pneumatic elevator production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pneumatic Elevator Exports

Exports from the U.S.

In 2022, overseas shipments of pneumatic elevators and conveyors increased by 15% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2013 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic elevator exports amounted to $X in 2022. In general, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for pneumatic elevator exports from the United States, with a 45% share of total exports. Moreover, pneumatic elevator exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.7% per year) and Hong Kong SAR (+56.4% per year).

In value terms, Canada ($X) remains the key foreign market for pneumatic elevators and conveyors exports from the United States, comprising 36% of total exports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.1% per year) and Hong Kong SAR (+65.1% per year).

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, waning by -8.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ukraine ($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 Hong Kong SAR (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into the U.S.

In 2022, supplies from abroad of pneumatic elevators and conveyors increased by 46% to X units, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic elevator imports surged to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Canada (X units) were the main suppliers of pneumatic elevator imports to the United States, together comprising 50% of total imports. China, France, the Czech Republic, Argentina, Denmark, Romania, Austria, the Netherlands, the UK and Japan lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Germany ($X) and Italy ($X) constituted the largest pneumatic elevator suppliers to the United States, with a combined 68% share of total imports. France, the Netherlands, Argentina, the UK, Japan, China, the Czech Republic, Denmark, Austria and Romania lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, the Czech Republic, with a CAGR of +34.9%, recorded the highest rates of growth with regard to 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 2022, the average pneumatic elevator import price amounted to $X per unit, flattening at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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