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 Asia

The Asian market for bucket type continuous-action elevators and conveyors for goods or materials rose sharply to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw buoyant growth. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials dropped slightly to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2023.

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

Exports in Asia

In 2023, overseas shipments 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. Over the period under review, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials expanded sharply to $X in 2023. In general, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, China (X units) represented the key exporter of bucket type continuous-action elevators and conveyors for goods or materials, creating X% of total exports. It was distantly followed by India (X units), constituting a X% share of total exports. The following exporters - Singapore (X units), Turkey (X units) and the Philippines (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to bucket type continuous-action elevator and conveyor exports from China stood at X%. At the same time, the Philippines (X%), Turkey (X%) and India (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.), the Philippines (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest bucket type continuous-action elevator and conveyor supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, exports of bucket type continuous-action elevators and conveyors for goods or materials remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

For the third year in a row, Asia recorded growth in supplies from abroad of bucket type continuous-action elevators and conveyors for goods or materials, which increased by X% to X units in 2023. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials reached $X in 2023. Over the period under review, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, the Philippines (X units) represented the key importer of bucket type continuous-action elevators and conveyors for goods or materials, committing X% of total imports. Thailand (X units) took the second position in the ranking, distantly followed by Myanmar (X units), India (X units) and Sri Lanka (X units). All these countries together took approx. X% share of total imports. Singapore (X units), China (X units), Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bucket type continuous-action elevator and conveyor importing markets in Asia were China ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports. The Philippines, India, Malaysia, Myanmar, Singapore and Sri Lanka lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, 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

In 2023, the import price in Asia amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform