Eastern Asia: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Eastern Asia

The East Asian market for elevators and conveyors other than pneumatic, belt- or bucket-type stood at $X in 2022, approximately equating the previous year. The market value 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 level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Eastern Asia

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in Eastern Asia

In 2022, exports of elevators and conveyors other than pneumatic, belt- or bucket-type in Eastern Asia surged to X units, jumping by X% on 2021. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded markedly to $X in 2022. The total export value 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 pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in bucket-type structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), generating a X% share of total exports. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

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: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in Eastern Asia

In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type imported in Eastern Asia expanded modestly to X units, with an increase of X% on 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type shrank to $X in 2022. In general, imports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the key importer of elevators and conveyors other than pneumatic, belt- or bucket-type in Eastern Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. South Korea (X units) held the second position in the ranking, followed by Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units). All these countries together held near X% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of elevators and conveyors other than pneumatic, belt- or bucket-type. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and China 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, China ($X) constitutes the largest market for imported elevators and conveyors other than pneumatic, belt- or bucket-type in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

In China, imports of elevators and conveyors other than pneumatic, belt- or bucket-type plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced setback. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 China ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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