Asia-Pacific: Escalator Market 2024

Escalator Market Size in Asia-Pacific

The Asia-Pacific escalator market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Escalator Production in Asia-Pacific

In value terms, escalator production shrank to $X in 2022 estimated in export price. Overall, production saw a slight descent. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Escalator Exports

Exports in Asia-Pacific

In 2022, overseas shipments of escalators and moving WalkWays increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, escalator exports stood at $X in 2022. In general, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of X% from 2012 to 2022. Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest escalator supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In China, escalator exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Escalator Imports

Imports in Asia-Pacific

In 2022, approx. X units of escalators and moving WalkWays were imported in Asia-Pacific; increasing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, escalator imports rose slightly to $X in 2022. Total imports indicated a modest increase 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 pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units), South Korea (X units), India (X units), the Philippines (X units), Malaysia (X units) and Thailand (X units) represented the major importer of escalators and moving WalkWays in Asia-Pacific, constituting X% of total import. It was distantly followed by Indonesia (X units), achieving a X% share of total imports. Australia (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Vietnam (X units), Pakistan (X units) and Japan (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 leading importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Australia ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. India, Thailand, Indonesia, Hong Kong SAR, the Philippines, Malaysia, Taiwan (Chinese), Vietnam, Japan and Pakistan lagged somewhat behind, together accounting for a further X%.

Pakistan, 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

The import price in Asia-Pacific stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 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 Australia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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