Overview of the Global Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

The global market for belt type continuous-action elevators and conveyors for goods or materials reached $X in 2023, with an increase of X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the global market remained at a lower figure.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, global production of growth failed to regain momentum.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports

In 2023, after two years of growth, there was significant decline in overseas shipments of belt type continuous-action elevators and conveyors for goods or materials, when their volume decreased by X% to X units. In general, total exports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked at X units in 2022, and then dropped in the following year.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials expanded markedly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

China represented the main exporter of belt type continuous-action elevators and conveyors for goods or materials in the world, with the volume of exports reaching X units, which was approx. X% of total exports in 2023. Germany (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%) and Singapore (X%). The United States (X units), Canada (X units), Australia (X units), Malaysia (X units), the Netherlands (X units), Brazil (X units), Japan (X units), Austria (X units) and Italy (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the belt type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2023. At the same time, Mexico (X%), Australia (X%), Japan (X%), Malaysia (X%), the Netherlands (X%), Canada (X%) and Singapore (X%) displayed positive paces of growth. The United States and Italy experienced a relatively flat trend pattern. By contrast, Germany (X%), Austria (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Mexico (X p.p.) and Australia (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Italy (X p.p.), Singapore (X p.p.), the United States (X p.p.), Austria (X p.p.), Brazil (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest belt type continuous-action elevator and conveyor supplying countries worldwide were China ($X), Germany ($X) and Austria ($X), with a combined X% share of global exports. Italy, the Netherlands, Canada, the United States, Japan, Mexico, Brazil, Malaysia, Singapore and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for belt type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The global export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports

In 2023, purchases abroad of belt type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the eighth year in a row after two years of decline. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Global imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials expanded remarkably to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X%. Global imports peaked in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United States (X units), distantly followed by Thailand (X units), India (X units), Mexico (X units) and Canada (X units) represented the largest importers of belt type continuous-action elevators and conveyors for goods or materials, together constituting X% of total imports. The following importers - the Philippines (X units), Singapore (X units), Vietnam (X units), South Africa (X units), China (X units), Malaysia (X units) and Germany (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

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

In the United States, imports of belt type continuous-action elevators and conveyors for goods or materials expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2023, the average import price for belt type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform