U.S.: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in the U.S.

In 2023, after two years of growth, there was decline in the U.S. continuous-action elevators and conveyors market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Continuous-action elevators and conveyors consumption peaked at $X in 2022, and then contracted in the following year.

Production of Continuous-Action Elevators And Conveyors in the U.S.

In value terms, continuous-action elevators and conveyors production stood at $X in 2023. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Continuous-action elevators and conveyors production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from the U.S.

In 2023, exports of continuous-action elevators and conveyors from the United States fell to X units, waning by X% on the previous year. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports expanded significantly to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for continuous-action elevators and conveyors exports from the United States, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fivefold. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and India (X% per year).

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for continuous-action elevators and conveyors exported from the United States worldwide, with a combined X% share of total exports. The UK, Germany, Brazil, Colombia, Singapore, Chile and India lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average continuous-action elevators and conveyors export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Continuous-Action Elevators And Conveyors

Imports into the U.S.

In 2023, the amount of continuous-action elevators and conveyors imported into the United States rose rapidly to X units, increasing by X% on the year before. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports declined slightly to $X in 2023. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, Canada (X units) constituted the largest continuous-action elevators and conveyors supplier to the United States, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from Canada exceeded the figures recorded by the second-largest supplier, China (X units), twofold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the largest continuous-action elevators and conveyors suppliers to the United States were Canada ($X), Germany ($X) and South Korea ($X), with a combined X% share of total imports. Italy, the Netherlands, Mexico, Japan, China, Denmark, the UK, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Denmark, 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 more modest paces of growth.

Import Prices by Country

In 2023, the average continuous-action elevators and conveyors import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price recorded a slight descent. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform