China - Continuous-Action Elevators And Conveyors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Export of Continuous-action Elevators and Conveyors Surges by 29% to $290M in November 2023
China Elevator And Conveyor Exports
In November 2023, continuous-action elevators and conveyors exports from China surged to 85K units, rising by 58% compared with October 2023. Over the period under review, total exports indicated a measured expansion from November 2022 to November 2023: its volume increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, exports increased by +58.0% against October 2023 indices. The pace of growth was the most pronounced in March 2023 when exports increased by 62% m-o-m. The exports peaked in November 2023.
In value terms, continuous-action elevators and conveyors exports surged to $290M (IndexBox estimates) in November 2023. Overall, total exports indicated pronounced growth from November 2022 to November 2023: its value increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, exports increased by +29.4% against October 2023 indices. The pace of growth appeared the most rapid in March 2023 when exports increased by 75% month-to-month. The exports peaked in November 2023.
Elevator And Conveyor Exports By Country (Million USD)">
| COUNTRY | Export Value of Elevator And Conveyor in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Vietnam | 14.2 | 15.0 | 15.6 | 8.4 | 29.7 | 28.7 | 34.5 | 19.7 | 12.8 | 21.7 | 19.2 | 16.0 | 39.3 |
| United States | 7.8 | 7.8 | 10.4 | 5.2 | 11.8 | 10.5 | 10.5 | 13.3 | 9.9 | 18.2 | 6.9 | 8.4 | 22.6 |
| India | 17.6 | 20.6 | 19.2 | 8.8 | 6.9 | 9.0 | 10.2 | 12.1 | 16.7 | 13.0 | 11.3 | 11.1 | 17.0 |
| Russia | 5.0 | 5.1 | 4.9 | 4.2 | 4.2 | 10.4 | 14.0 | 11.3 | 7.0 | 17.1 | 16.3 | 15.8 | 16.2 |
| Japan | 5.8 | 5.6 | 8.1 | 10.6 | 11.5 | 8.1 | 3.4 | 4.9 | 11.0 | 7.6 | 5.3 | 4.6 | 5.2 |
| South Korea | 2.9 | 2.5 | 3.3 | 1.1 | 3.8 | 6.0 | 5.3 | 1.8 | 3.5 | 3.4 | 3.7 | 4.4 | 4.7 |
| Singapore | 2.5 | 2.8 | 0.6 | 0.6 | 1.7 | 0.8 | 1.6 | 1.4 | 1.8 | 1.6 | 0.8 | 2.5 | 2.5 |
| Others | 125 | 166 | 138 | 83.8 | 145 | 163 | 119 | 147 | 172 | 180 | 169 | 161 | 183 |
| Total | 181 | 225 | 200 | 123 | 214 | 237 | 199 | 211 | 234 | 262 | 233 | 224 | 290 |
Exports by Country
The United States (16K units), Japan (13K units) and Vietnam (4.4K units) were the main destinations of continuous-action elevators and conveyors exports from China, together accounting for 40% of total exports.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($39M), the United States ($23M) and India ($17M) were the largest markets for continuous-action elevators and conveyors exported from China worldwide, with a combined 27% share of total exports. These countries were followed by Russia, Japan, South Korea and Singapore, which together accounted for a further 9.9%.
Russia, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, among 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 November 2023, the elevator and conveyor price stood at $3,433 per unit (FOB, China), shrinking by -18.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 24% m-o-m. As a result, the export price reached the peak level of $4.9M per thousand units. From September 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Indonesia ($24,058 per unit), while the average price for exports to New Zealand ($294 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for continuous-action elevators and conveyors in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221740 - Pneumatic elevators and conveyors
- Prodcom 28221750 - Bucket type continuous-action elevators and conveyors for goods or materials
- Prodcom 28221770 - Belt type continuous-action elevators and conveyors for goods or materials
- Prodcom 28221793 - Roller conveyors for goods or materials (excluding pneumatic elevators and conveyors, those specially designed for use underground, bucket type, belt type)
- Prodcom 28221795 - Continuous-action elevators or conveyors for goods or materials (excluding pneumatic elevators or conveyors, those designed for use underground, bucket type, belt type, roller conveyors)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
