Asia: Market for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

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

The Asian market for bucket type continuous-action elevators and conveyors for goods or materials amounted to $X in 2022, growing by X% against the previous year. Overall, consumption posted a strong increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials stood at $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Asia

Exports of bucket type continuous-action elevators and conveyors for goods or materials rose remarkably to X units in 2022, with an increase of X% against 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in materials structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X units) and India (X units), together generating a X% share of total exports. The following exporters - Turkey (X units) and Thailand (X units) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bucket type continuous-action elevator and conveyor exports from China stood at X%. At the same time, Turkey (X%) and India (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Turkey increased by X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

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

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

Imports in Asia

In 2022, the amount of bucket type continuous-action elevators and conveyors for goods or materials imported in Asia surged to X units, increasing by X% on 2021 figures. Total imports indicated buoyant 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials expanded slightly to $X in 2022. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Kuwait (X units) and Thailand (X units) were the key importers of bucket type continuous-action elevators and conveyors for goods or materials in Asia, together committing X% of total imports. The Philippines (X units) ranks next in terms of the total imports with a X% share, followed by China (X%), India (X%), Vietnam (X%) and Singapore (X%). Myanmar (X units), Indonesia (X units), Kazakhstan (X units) and Qatar (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bucket type continuous-action elevator and conveyor importing markets in Asia were China ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total imports. Indonesia, Kuwait, Kazakhstan, the Philippines, India, Qatar, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Qatar, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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