ASEAN: Escalator Market 2024

Escalator Market Size in ASEAN

In 2022, the ASEAN escalator market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a mild reduction. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Escalator Production in ASEAN

In value terms, escalator production fell remarkably to $X in 2022 estimated in export price. In general, production faced a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Escalator Exports

Exports in ASEAN

In 2022, shipments abroad of escalators and moving WalkWays increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, escalator exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable slump. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the main exporter of escalators and moving WalkWays in ASEAN, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Malaysia (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together held approx. X% share of total exports. Vietnam (X units) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and Vietnam (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. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest escalator supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($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 mixed trends in the export price figures.

Escalator Imports

Imports in ASEAN

In 2022, the amount of escalators and moving WalkWays imported in ASEAN soared to X units, growing by X% on 2021 figures. Total imports indicated perceptible growth from 2012 to 2022: its volume 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 volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, escalator imports dropped slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X units), distantly followed by the Philippines (X units), Malaysia (X units), Thailand (X units), Indonesia (X units) and Vietnam (X units) were the largest importers of escalators and moving WalkWays, together generating X% of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, Singapore ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines, Malaysia, Vietnam and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in ASEAN amounted to $X per unit, declining by X% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

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 ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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