U.S.: 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 the U.S.

In 2022, the U.S. market for belt type continuous-action elevators and conveyors for goods or materials increased by X% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption saw a strong increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in the U.S.

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials amounted to $X in 2022. In general, production enjoyed a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from the U.S.

For the fourth consecutive year, the United States recorded decline in overseas shipments of belt type continuous-action elevators and conveyors for goods or materials, which decreased by X% to X units in 2022. Overall, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials reduced to $X in 2022. In general, exports recorded a pronounced descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units), Mexico (X units) and Germany (X units) were the main destinations of exports of belt type continuous-action elevators and conveyors for goods or materials from the United States, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Russia ($X) constituted the largest markets for belt type continuous-action elevator and conveyor exported from the United States worldwide, with a combined X% share of total exports. Australia, Germany, the UK and Brazil lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

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

Imports into the U.S.

For the third year in a row, the United States recorded growth in purchases abroad of belt type continuous-action elevators and conveyors for goods or materials, which increased by X% to X units in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials surged to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Mexico (X units), Canada (X units) and Italy (X units) were the main suppliers of imports of belt type continuous-action elevators and conveyors for goods or materials to the United States, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest belt type continuous-action elevator and conveyor suppliers to the United States were Canada ($X), Austria ($X) and Germany ($X), together comprising X% of total imports. The UK, the Netherlands, Italy, Mexico, South Korea, Japan, China and Sweden lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for belt type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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