Southern Asia: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Southern Asia

The South Asian market for belt type continuous-action elevators and conveyors for goods or materials was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% 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 hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Southern Asia

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports in Southern Asia

Exports of belt type continuous-action elevators and conveyors for goods or materials fell rapidly to X units in 2022, waning by X% compared with 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials contracted notably to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the belt type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest belt type continuous-action elevator and conveyor supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by X% against the previous year. In general, the export price showed a strong increase. 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.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in Southern Asia

Imports of belt type continuous-action elevators and conveyors for goods or materials soared to X units in 2022, with an increase of X% against the year before. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials dropped dramatically to $X in 2022. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

India dominates materials structure, resulting at X units, which was near X% of total imports in 2022. Bangladesh (X units) held a relatively small share of total imports.

India was also the fastest-growing in terms of the belt type continuous-action elevators and conveyors for goods or materials imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat 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 Bangladesh ($X per unit), while India amounted to $X per unit.

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

Source: IndexBox Platform

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