EU: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in the EU

In 2022, the EU continuous-action elevators and conveyors market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Continuous-Action Elevators And Conveyors in the EU

In value terms, continuous-action elevators and conveyors production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in the EU

In 2022, overseas shipments of continuous-action elevators and conveyors increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, exports posted notable growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, continuous-action elevators and conveyors exports shrank to $X in 2022. The total export 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 pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), the Netherlands (X units), Austria (X units), France (X units), Poland (X units) and the Czech Republic (X units) represented the main exporters of continuous-action elevators and conveyors, together achieving X% of total exports. The following exporters - Denmark (X units), Spain (X units), Sweden (X units), Latvia (X units), Belgium (X units) and Finland (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest continuous-action elevators and conveyors supplying countries in the European Union were Germany ($X), Italy ($X) and Austria ($X), with a combined X% share of total exports. The Netherlands, Denmark, Poland, France, the Czech Republic, Spain, Sweden, Belgium, Latvia and Finland lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 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 Austria ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

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

Imports of Continuous-Action Elevators And Conveyors

Imports in the EU

For the sixth consecutive year, the European Union recorded growth in purchases abroad of continuous-action elevators and conveyors, which increased by X% to X units in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, continuous-action elevators and conveyors imports expanded to $X in 2022. Total imports indicated a resilient expansion 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 appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X units) was the major importer of continuous-action elevators and conveyors, creating X% of total imports. France (X units) held the second position in the ranking, followed by the Netherlands (X units), Italy (X units), Poland (X units), Spain (X units) and Austria (X units). All these countries together took approx. X% share of total imports. Belgium (X units), Sweden (X units), Romania (X units), Denmark (X units), Finland (X units) and the Czech Republic (X units) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Sweden (X%), Romania (X%), Austria (X%), the Netherlands (X%), Italy (X%), Belgium (X%), France (X%), Poland (X%), the Czech Republic (X%), Finland (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. The Netherlands (X p.p.), Spain (X p.p.), Italy (X p.p.), Austria (X p.p.), Sweden (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Finland, Denmark and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest continuous-action elevators and conveyors importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports. Italy, Spain, Poland, Sweden, Austria, Belgium, Romania, the Czech Republic, Denmark and Finland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 the Czech Republic ($X per unit), while Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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