South-Eastern Asia: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in South-Eastern Asia

The Southeast Asian underground continuous-action elevator market surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Underground Continuous-Action Elevator Production in South-Eastern Asia

In value terms, underground continuous-action elevator production rose markedly to $X in 2023 estimated in export price. Overall, production enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Underground Continuous-Action Elevator Exports

Exports in South-Eastern Asia

Underground continuous-action elevator exports reduced notably to X units in 2023, which is down by X% compared with the previous year. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, underground continuous-action elevator exports surged to $X in 2023. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore was the largest exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Malaysia (X units) and Thailand (X units), together mixing up a X% share of total exports. The following exporters - Brunei Darussalam (X units) and Indonesia (X units) - each recorded a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore stood at 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

In 2023, the export price in South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Underground Continuous-Action Elevator Imports

Imports in South-Eastern Asia

In 2023, approx. X units of underground continuous-action elevators and conveyors were imported in South-Eastern Asia; surging by X% against 2022. In general, imports saw a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, underground continuous-action elevator imports shrank to $X in 2023. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Singapore (X units) and the Philippines (X units) dominates imports structure, together generating X% of total imports. Thailand (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%). Vietnam (X units) and Brunei Darussalam (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest underground continuous-action elevator importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and the Philippines ($X), with a combined X% share of total imports. Singapore, Thailand and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 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 Vietnam ($X per unit), while Singapore ($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 mixed trends in the import price figures.

Source: IndexBox Platform