Eastern Asia: 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 Eastern Asia

In 2023, the East Asian market for belt type continuous-action elevators and conveyors for goods or materials decreased by X% to $X, falling for the second year in a row after four years of growth. The total consumption indicated pronounced growth 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 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials stood at $X in 2023 estimated in export price. The total production indicated a tangible 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 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Belt 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 overseas shipments of belt type continuous-action elevators and conveyors for goods or materials, which increased by X% to X units in 2023. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials rose markedly to $X in 2023. Total exports indicated a moderate 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

China dominates materials structure, recording X units, which was near X% of total exports in 2023. It was distantly followed by Japan (X units), achieving a X% share of total exports. South Korea (X units) and Taiwan (Chinese) (X units) took a little share of total exports.

China was also the fastest-growing in terms of the belt type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest belt type continuous-action elevator and conveyor supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, exports of belt type continuous-action elevators and conveyors for goods or materials expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat lower figure.

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

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

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

Imports in Eastern Asia

Imports of belt type continuous-action elevators and conveyors for goods or materials fell to X units in 2023, waning by X% compared with the previous year. Over the period under review, imports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials dropped to $X in 2023. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X units) represented the major importer of belt type continuous-action elevators and conveyors for goods or materials, generating X% of total imports. Japan (X units) ranks second in terms of the total imports with an X% share, followed by South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%).

From 2012 to 2023, average annual rates of growth with regard to belt type continuous-action elevator and conveyor imports into China stood at X%. At the same time, Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) 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. Taiwan (Chinese) (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Hong Kong SAR and China saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, approximately equating the previous year. Over the period under review, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform