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

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

The South Asian market for bucket type continuous-action elevators and conveyors for goods or materials expanded slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption posted a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials expanded modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Southern Asia

In 2022, shipments abroad of bucket type continuous-action elevators and conveyors for goods or materials decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials surged to $X in 2022. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of bucket type continuous-action elevators and conveyors for goods or materials, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest bucket 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, increasing by X% against the previous year. In general, the export price continues to indicate a moderate expansion. Over the period under review, the export prices attained the maximum 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 Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in Southern Asia

In 2022, purchases abroad of bucket type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials contracted significantly to $X in 2022. In general, imports saw notable growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) was the main importer of bucket type continuous-action elevators and conveyors for goods or materials, comprising X% of total imports. Nepal (X units) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%). Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bucket type continuous-action elevator and conveyor imports into India stood at X%. At the same time, Nepal (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bucket type continuous-action elevator and conveyor importing markets in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), together comprising X% of total imports. Nepal lagged somewhat behind, comprising a further X%.

Nepal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 Southern Asia amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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