Overview of the Global Market for Continuous-Action Elevators And Conveyors

Market Size for Continuous-Action Elevators And Conveyors

The global continuous-action elevators and conveyors market rose rapidly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors

In value terms, continuous-action elevators and conveyors production expanded significantly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports

Global continuous-action elevators and conveyors exports soared to X units in 2022, picking up by X% against 2021 figures. In general, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, continuous-action elevators and conveyors exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the key exporting country with an export of about X units, which amounted to X% of total exports. The United States (X units) held the second position in the ranking, distantly followed by India (X units), Canada (X units) and Taiwan (Chinese) (X units). All these countries together took near X% share of total exports. Brazil (X units), Singapore (X units), Tunisia (X units), Sweden (X units) and Mexico (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors exports from China stood at X%. At the same time, Tunisia (X%), Taiwan (Chinese) (X%), India (X%), the United States (X%), Sweden (X%), Canada (X%), Mexico (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. China (X p.p.), the United States (X p.p.), India (X p.p.), Taiwan (Chinese) (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the global exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest continuous-action elevators and conveyors supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The global export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports

In 2022, approx. X units of continuous-action elevators and conveyors were imported worldwide; with an increase of X% against the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum at X units in 2019; afterwards, it flattened through to 2022.

In value terms, continuous-action elevators and conveyors imports rose significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of about X units, which recorded X% of total imports. Canada (X units) took the second position in the ranking, followed by Singapore (X units), India (X units) and Mexico (X units). All these countries together held near X% share of total imports. Brazil (X units), Chile (X units), the Philippines (X units) and Vietnam (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors imports into the United States stood at X%. At the same time, the Philippines (X%), India (X%), Vietnam (X%), Chile (X%), Singapore (X%) and Canada (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), India (X p.p.), Singapore (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported continuous-action elevators and conveyors worldwide, comprising X% of global imports. The second position in the ranking was taken by Canada ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In the United States, continuous-action elevators and conveyors imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (X% per year) and Mexico (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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