Eastern Europe: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Eastern Europe

The East European underground continuous-action elevator market expanded significantly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a noticeable slump. The level of consumption peaked at $X.9B in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Underground Continuous-Action Elevator Production in Eastern Europe

In value terms, underground continuous-action elevator production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X.7B in 2017; however, from 2018 to 2022, production failed to regain momentum.

Underground Continuous-Action Elevator Exports

Exports in Eastern Europe

In 2022, overseas shipments of underground continuous-action elevators and conveyors were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports surged to $X in 2022. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X units) represented the major exporter of underground continuous-action elevators and conveyors, mixing up X% of total exports. Ukraine (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%). The following exporters - Belarus (X units) and Russia (X units) - each recorded a X% share of total exports.

Exports from Poland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) and Russia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Ukraine, Belarus and Russia increased by X, X, X and X percentage points, respectively.

In value terms, Poland ($X) remains the largest underground continuous-action elevator supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

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

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

Underground Continuous-Action Elevator Imports

Imports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded decline in purchases abroad of underground continuous-action elevators and conveyors, which decreased by X% to X units in 2022. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, underground continuous-action elevator imports reduced slightly to $X in 2022. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X units) and Ukraine (X units) prevails in imports structure, together achieving X% of total imports. The following importers - Slovakia (X units), Poland (X units), Bulgaria (X units) and Romania (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Russia ($X) constitutes the largest market for imported underground continuous-action elevators and conveyors in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. Overall, the import price enjoyed resilient growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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