Europe: 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 Europe

In 2022, the Europe market for elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

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

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type dropped to $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 remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2021, and then declined slightly in the following year.

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

Exports in Europe

In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type exported in Europe reduced modestly to X units, shrinking by X% on the previous year. Total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type reduced 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 throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell 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), the Czech Republic (X units) and Poland (X units) were the key exporters of elevators and conveyors other than pneumatic, belt- or bucket-type, together constituting X% of total exports. The following exporters - Belarus (X units), Sweden (X units), France (X units), Denmark (X units), the UK (X units), Spain (X units) and Hungary (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to elevators and conveyors other than pneumatic, belt- or bucket-type exports from Germany stood at X%. At the same time, Belarus (X%), Hungary (X%), the Czech Republic (X%), Poland (X%), Austria (X%), Denmark (X%), Italy (X%), the Netherlands (X%), France (X%), Sweden (X%) and the UK (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. While the share of the Czech Republic (X p.p.), Belarus (X p.p.), Poland (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Austria ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Netherlands, Poland, Denmark, the Czech Republic, the UK, Sweden, France, Spain, Hungary and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belarus, 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 Europe stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 Austria ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

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

Imports in Europe

Imports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded markedly to X units in 2022, picking up by X% against 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type fell to $X in 2022. Total imports indicated a strong 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 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the UK (X units) and Germany (X units) represented the key importers of elevators and conveyors other than pneumatic, belt- or bucket-type in Europe, together resulting at approx. X% of total imports. The Netherlands (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Switzerland (X%), Norway (X%), France (X%) and Spain (X%). Russia (X units), Poland (X units), Finland (X units), Sweden (X units), Austria (X units) and Serbia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Russia, France, Sweden, Poland, Spain, Switzerland, Austria, Serbia, Finland and Norway lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Sweden, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Europe amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the 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 Russia ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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