South-Eastern Asia: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in South-Eastern Asia

The Southeast Asian continuous-action elevators and conveyors market stood at $X in 2022, almost unchanged from the previous year. Overall, consumption saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Continuous-Action Elevators And Conveyors in South-Eastern Asia

In value terms, continuous-action elevators and conveyors production contracted to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in South-Eastern Asia

In 2022, overseas shipments of continuous-action elevators and conveyors decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports contracted markedly to $X in 2022. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) was the largest exporter of continuous-action elevators and conveyors, achieving X% of total exports. Malaysia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors exports from Singapore stood at X%. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, the largest continuous-action elevators and conveyors supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), together comprising X% of total exports.

In terms of the main exporting countries, Malaysia, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports in South-Eastern Asia

In 2022, the amount of continuous-action elevators and conveyors imported in South-Eastern Asia soared to X units, picking up by X% against 2021. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports expanded sharply to $X in 2022. Total imports indicated a temperate increase 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 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the key importer of continuous-action elevators and conveyors in South-Eastern Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Thailand (X units) held the second position in the ranking, distantly followed by the Philippines (X units), Malaysia (X units) and Vietnam (X units). All these countries together took near X% share of total imports. Cambodia (X units) took a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), the Philippines (X%), Thailand (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Cambodia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore, Cambodia and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded 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 South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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