Northern America: 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 Northern America

The North American market for elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption saw strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports in Northern America

In 2022, overseas shipments of elevators and conveyors other than pneumatic, belt- or bucket-type increased by X% to X units, rising for the eighth consecutive year after two years of decline. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States was the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Canada (X units), comprising a X% share of total exports.

The United States was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type exports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

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

Imports in Northern America

In 2022, imports of elevators and conveyors other than pneumatic, belt- or bucket-type in Northern America rose rapidly to X units, increasing by X% compared with the previous year. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded notably to $X in 2022. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States was the key importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Canada (X units), constituting a X% share of total imports.

The United States was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported elevators and conveyors other than pneumatic, belt- or bucket-type in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, imports of elevators and conveyors other than pneumatic, belt- or bucket-type increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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