Indonesia: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Indonesia

In 2022, after two years of decline, there was significant growth in the Indonesian underground continuous-action elevator market, when its value increased by X% to $X. Over the period under review, consumption, however, recorded a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from Indonesia

In 2019, shipments abroad of underground continuous-action elevators and conveyors decreased by X% to X units for the first time since 2016, thus ending a two-year declining trend. Overall, exports saw a deep setback. The smallest decline of X% was in 2017. The exports peaked at X units in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

In value terms, underground continuous-action elevator exports stood at $X in 2019. Over the period under review, exports continue to indicate a precipitous setback. The smallest decline of X% was in 2017. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Italy (X units) and Singapore (X units) were the main destinations of underground continuous-action elevator exports from Indonesia.

From 2014 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

From 2014 to 2019, the average annual rate of growth in terms of value to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Singapore (X% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2019, standing approx. at the previous year. Over the period under review, the export price faced a precipitous contraction. The most prominent rate of growth was recorded in 2017 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%).

Underground Continuous-Action Elevator Imports

Imports into Indonesia

In 2022, overseas purchases of underground continuous-action elevators and conveyors were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, underground continuous-action elevator imports soared to $X in 2022. Over the period under review, imports, however, showed a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest underground continuous-action elevator supplier to Indonesia, accounting for a X% share of total imports. Moreover, underground continuous-action elevator imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by China (X units), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Indonesia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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