ASEAN: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in ASEAN

The ASEAN continuous-action elevators and conveyors market reached $X in 2022, approximately reflecting the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in ASEAN

In value terms, continuous-action elevators and conveyors production fell modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in ASEAN

In 2022, after three years of growth, there was significant decline in overseas shipments of continuous-action elevators and conveyors, when their volume decreased by X% to X units. In general, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports shrank rapidly to $X in 2022. Over the period under review, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore represented the key exporter of continuous-action elevators and conveyors in ASEAN, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Malaysia (X units) took the second position in the ranking, distantly followed by Thailand (X units). All these countries together held approx. X% share of total exports.

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

In value terms, Malaysia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while Singapore ($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 a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports in ASEAN

In 2022, continuous-action elevators and conveyors imports in ASEAN surged to X units, rising by X% on the year before. Overall, imports recorded strong growth. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports expanded rapidly to $X in 2022. Total imports indicated a pronounced 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. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the major importer of continuous-action elevators and conveyors in ASEAN, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Thailand (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Malaysia (X%) and Vietnam (X%). Cambodia (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors imports into Singapore stood at X%. At the same time, Cambodia (X%), the Philippines (X%), Thailand (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. The Philippines (X p.p.), Cambodia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest continuous-action elevators and conveyors importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for X% of total imports. Singapore, Cambodia and the Philippines lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, which is down by X% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 a decline in the import price figures.

Source: IndexBox Platform

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