ASEAN: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

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

The ASEAN market for belt type continuous-action elevators and conveyors for goods or materials was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

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

Exports in ASEAN

In 2022, shipments abroad of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units, falling for the third year in a row after four years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials reached $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value 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. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the major exporter of belt type continuous-action elevators and conveyors for goods or materials in ASEAN, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Malaysia (X units) held the second position in the ranking, distantly followed by Thailand (X units). All these countries together took near X% share of total exports. Vietnam (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to belt type continuous-action elevator and conveyor exports from Singapore stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Vietnam lagged somewhat behind, comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded strong growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Singapore (X%), while the other leaders experienced more modest paces of growth.

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

Imports in ASEAN

In 2022, approx. X units of belt type continuous-action elevators and conveyors for goods or materials were imported in ASEAN; picking up by X% compared with 2021. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials surged to $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units) and Indonesia (X units) were the largest importers of belt type continuous-action elevators and conveyors for goods or materials in 2022, recording approx. X% and X% of total imports, respectively. Malaysia (X units) took the next position in the ranking, followed by Vietnam (X units), the Philippines (X units), Thailand (X units) and Cambodia (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest belt type continuous-action elevator and conveyor importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total imports. Malaysia, Cambodia, the Philippines and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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