South-Eastern Asia: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in South-Eastern Asia

In 2022, the Southeast Asian pneumatic elevator market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pneumatic Elevator Production in South-Eastern Asia

In value terms, pneumatic elevator production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Pneumatic Elevator Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of pneumatic elevators and conveyors decreased by X% to X units in 2022. Over the period under review, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pneumatic elevator exports reduced dramatically to $X in 2022. In general, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore represented the major exporter of pneumatic elevators and conveyors in South-Eastern Asia, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%) and Malaysia (X%). Vietnam (X units) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), the Philippines (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest pneumatic elevator supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, flattening at the previous year. Overall, the export price showed a slight reduction. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Vietnam ($X per unit), while the Philippines ($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 mixed trends in the export price figures.

Pneumatic Elevator Imports

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of pneumatic elevators and conveyors, when their volume increased by X% to X units. Over the period under review, imports showed buoyant growth. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pneumatic elevator imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Singapore was the major importing country with an import of about X units, which resulted at X% of total imports. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Malaysia (X%). The following importers - Cambodia (X units) and Myanmar (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic elevator imports into Singapore stood at X%. At the same time, Cambodia (X%), the Philippines (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. Myanmar and Indonesia experienced a relatively flat trend pattern. While the share of the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Myanmar (X p.p.), Singapore (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported pneumatic elevators and conveyors in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Indonesia, pneumatic elevator imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Cambodia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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