EU: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in the EU

In 2023, the EU market for elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a strong expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in the EU

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type rose modestly 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 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 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in the EU

In 2023, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type exported in the European Union rose remarkably to X units, picking up by X% on 2022. Total exports indicated a buoyant increase from 2012 to 2023: its volume 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2023. Total exports indicated prominent growth 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Germany (X units), distantly followed by Italy (X units), the Netherlands (X units), Austria (X units), Poland (X units) and the Czech Republic (X units) represented the largest exporters of elevators and conveyors other than pneumatic, belt- or bucket-type, together achieving X% of total exports. The following exporters - Spain (X units), France (X units), Hungary (X units), Sweden (X units), Denmark (X units), Finland (X units) and Belgium (X units) - together made up X% of total exports.

Exports from Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%), the Czech Republic (X%), Poland (X%), Belgium (X%), Italy (X%), Spain (X%), Austria (X%), France (X%), the Netherlands (X%), Denmark (X%), Finland (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Poland, the Czech Republic, Hungary and Italy increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

In Germany, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Austria (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, increasing by X% against the previous year. In general, the export price, however, saw a slight setback. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

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

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in the EU

In 2023, supplies from abroad of elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to X units for the first time since 2017, thus ending a five-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X units in 2022, and then shrank in the following year.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type rose sharply to $X in 2023. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

Germany (X units) and the Netherlands (X units) represented roughly X% of total imports in 2023. France (X units) ranks next in terms of the total imports with a X% share, followed by Spain (X%) and Poland (X%). Belgium (X units), Hungary (X units), Italy (X units), Romania (X units), Sweden (X units), Denmark (X units), Finland (X units) and Austria (X units) took a relatively small share of total imports.

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

In value terms, the largest elevators and conveyors other than pneumatic, belt- or bucket-type importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for X% of total imports. Poland, Italy, Spain, Hungary, Belgium, Sweden, Denmark, Austria, Romania and Finland lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 Italy ($X per unit), while Spain ($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 other leaders experienced a decline in the import price figures.

Source: IndexBox Platform