Eastern Asia: Escalator Market 2024

Escalator Market Size in Eastern Asia

The East Asian escalator market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption saw a slight setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Escalator Production in Eastern Asia

In value terms, escalator production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Escalator Exports

Exports in Eastern Asia

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. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, escalator exports reached $X in 2022. Overall, exports, however, showed a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X units), together reaching X% of total export.

China was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest escalator supplier in Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Escalator Imports

Imports in Eastern Asia

Escalator imports contracted to X units in 2022, dropping by X% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, escalator imports declined slightly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Korea represented the key importer of escalators and moving WalkWays in Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Taiwan (Chinese) (X units) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%) and Japan (X%). Macao SAR (X units) followed a long way behind the leaders.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of escalators and moving WalkWays. At the same time, Macao SAR (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR and Macao SAR increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported escalators and moving WalkWays in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hong Kong SAR ($X per unit) and Macao SAR ($X per unit), while Taiwan (Chinese) ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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