EU: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in the EU

The EU underground continuous-action elevator market soared to $X.4B in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a abrupt decrease. The level of consumption peaked at $X.7B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Underground Continuous-Action Elevator Production in the EU

In value terms, underground continuous-action elevator production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X.1B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Underground Continuous-Action Elevator Exports

Exports in the EU

In 2022, the amount of underground continuous-action elevators and conveyors exported in the European Union amounted to X units, picking up by X% compared with the previous year. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum 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 contracted slightly to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Poland (X units) represented the main exporter of underground continuous-action elevators and conveyors, making up X% of total exports. It was distantly followed by Germany (X units), the Czech Republic (X units) and France (X units), together mixing up a X% share of total exports. The following exporters - Austria (X units), Italy (X units) and Spain (X units) - together made up X% of total exports.

Exports from Poland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Austria (X%) and France (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Spain (X%), Germany (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.), France (X p.p.), Austria (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and the Czech Republic 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, Poland ($X) remains the largest underground continuous-action elevator supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price 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, underground continuous-action elevator export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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 Poland ($X per unit), while France ($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 the EU

Underground continuous-action elevator imports declined sharply to X units in 2022, reducing by X% on the previous year's figure. Over the period under review, imports saw a perceptible descent. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports shrank to $X in 2022. Overall, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Austria represented the major importer of underground continuous-action elevators and conveyors in the European Union, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Italy (X units) held the second position in the ranking, followed by Germany (X units), France (X units) and Spain (X units). All these countries together took approx. X% share of total imports. Slovakia (X units) and Ireland (X units) followed a long way behind the leaders.

Austria was also the fastest-growing in terms of the underground continuous-action elevators and conveyors imports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%), Germany (X%), France (X%) and Ireland (X%) displayed positive paces of growth. By contrast, Italy (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of Austria (X p.p.), Germany (X p.p.), France (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Austria ($X), Spain ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 the European Union stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :