United Kingdom: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in the UK

In 2022, the UK pneumatic elevator market increased by 13% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Pneumatic Elevator Production in the UK

In value terms, pneumatic elevator production fell to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Pneumatic elevator production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pneumatic Elevator Exports

Exports from the UK

In 2022, shipments abroad of pneumatic elevators and conveyors increased by 37% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a deep slump. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pneumatic elevator exports surged to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the United States (X units) and Turkey (X units) were the main destinations of pneumatic elevator exports from the UK, with a combined 39% share of total exports. The Philippines, Japan, Germany, India, Ireland, Poland, the United Arab Emirates, Spain, Italy and Australia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Turkey ($X) constituted the largest markets for pneumatic elevator exported from the UK worldwide, with a combined 39% share of total exports. The Philippines, Japan, Germany, India, Ireland, Poland, the United Arab Emirates, Italy, Spain and Australia lagged somewhat behind, together accounting for a further 42%.

The Philippines, with a CAGR of +36.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, shrinking by -13.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Italy ($X per unit), while the average price for exports to Spain ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into the UK

In 2022, pneumatic elevator imports into the UK skyrocketed to X units, increasing by 271% on 2021 figures. In general, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic elevator imports soared to $X in 2022. Over the period under review, imports recorded a mild expansion. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and the United States (X units) were the main suppliers of pneumatic elevator imports to the UK, together comprising 69% of total imports. France, Denmark, the Netherlands, Spain, Switzerland, China, Belgium and Romania lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +68.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator suppliers to the UK were Italy ($X), Germany ($X) and the United States ($X), with a combined 70% share of total imports. France, Denmark, the Netherlands, Spain, Switzerland, China, Belgium and Romania lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Denmark, with a CAGR of +50.4%, saw the highest growth rate of 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

The average pneumatic elevator import price stood at $X per unit in 2022, declining by -25.3% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 a decrease of -5.2% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Germany ($X per unit), while the price for Romania ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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