India: 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 India

After five years of growth, the Indian market for elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to $X in 2022. The market 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. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

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

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from India

In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type exported from India soared to X units, picking up by X% on the year before. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type totaled $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for exports of elevators and conveyors other than pneumatic, belt- or bucket-type from India, with a X% share of total exports. It was followed by Nepal (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at X%.

In value terms, Japan ($X) remains the key foreign market for elevators and conveyors other than pneumatic, belt- or bucket-type exports from India, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%.

Export Prices by Country

In 2022, the average export price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per unit), while the average price for exports to Japan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type imported into India skyrocketed to X units, jumping by X% on 2021 figures. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type rose significantly to $X in 2022. In general, imports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier to India, with a X% share of total imports. Moreover, imports of elevators and conveyors other than pneumatic, belt- or bucket-type from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of elevators and conveyors other than pneumatic, belt- or bucket-type to India, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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