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

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

The global market for bucket type continuous-action elevators and conveyors for goods or materials fell to $X in 2023, shrinking by X% against the previous year. Overall, consumption recorded a buoyant expansion. Over the period under review, the global market attained the peak level at $X in 2022, and then dropped in the following year.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials totaled $X in 2023 estimated in export price. Over the period under review, the total production indicated a notable increase 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Global production peaked at $X in 2021; afterwards, it flattened through to 2023.

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

Exports

In 2023, overseas shipments of bucket type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the third year in a row after two years of decline. In general, total exports indicated a tangible increase from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports of attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials expanded slightly to $X in 2023. Over the period under review, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports of hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China dominates materials structure, resulting at X units, which was approx. X% of total exports in 2023. Russia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and Brazil (X%). Italy (X units), the Netherlands (X units), Germany (X units), South Africa (X units), Singapore (X units), the UK (X units), Canada (X units) and the United States (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%), India (X%), the Netherlands (X%), Italy (X%), Brazil (X%), the UK (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Canada experienced a relatively flat trend pattern. By contrast, the United States (X%), Germany (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Russia (X p.p.) and India (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.), Germany (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bucket type continuous-action elevator and conveyor supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Italy ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for bucket type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

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

Imports

In 2023, global imports of bucket type continuous-action elevators and conveyors for goods or materials amounted to X units, increasing by X% against 2022. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials contracted to $X in 2023. In general, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports of hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, South Africa (X units) represented the largest importer of bucket type continuous-action elevators and conveyors for goods or materials, constituting X% of total imports. The Philippines (X units) ranks second in terms of the total imports with a X% share, followed by Thailand (X%). The United States (X units), Myanmar (X units), India (X units), Sri Lanka (X units), Canada (X units) and Russia (X units) held a minor share of total imports.

South Africa was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials imports, with a CAGR of X% from 2012 to 2023. At the same time, Myanmar (X%), the Philippines (X%), Sri Lanka (X%), Thailand (X%), Canada (X%), the United States (X%), India (X%) and Russia (X%) displayed positive paces of growth. South Africa (X p.p.), the Philippines (X p.p.), Thailand (X p.p.), Myanmar (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bucket type continuous-action elevator and conveyor importing markets worldwide were Thailand ($X), the United States ($X) and Russia ($X), with a combined X% share of global imports. Canada, the Philippines, India, Myanmar, South Africa and Sri Lanka lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for bucket type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform