Eastern 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 Eastern Asia

In 2023, the East Asian market for bucket type continuous-action elevators and conveyors for goods or materials decreased by X% to $X, falling for the third year in a row after six years of growth. The total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials stood at $X in 2023 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 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.

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

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in shipments abroad of bucket type continuous-action elevators and conveyors for goods or materials, which increased by X% to X units in 2023. In general, exports posted prominent growth. The growth pace was the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials expanded notably to $X in 2023. Over the period under review, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

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

China 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 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest bucket type continuous-action elevator and conveyor supplier in Eastern Asia.

In China, exports of bucket type continuous-action elevators and conveyors for goods or materials remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, 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 China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

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

Imports in Eastern Asia

In 2023, approx. X units of bucket type continuous-action elevators and conveyors for goods or materials were imported in Eastern Asia; falling by X% against the previous year's figure. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials rose remarkably to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China represented the key importer of bucket type continuous-action elevators and conveyors for goods or materials in Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X units), Taiwan (Chinese) (X units) and South Korea (X units), together achieving a X% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to bucket type continuous-action elevator and conveyor imports into China stood at X%. At the same time, Japan (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and China saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported bucket type continuous-action elevators and conveyors for goods or materials in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform