Hungary - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in Hungary - 2023
Contents:
- Price for Conveyor or Transmission Belt in Hungary (FOB) - 2023
- Price for Conveyor or Transmission Belt in Hungary (CIF) - 2023
- Exports of Conveyor or Transmission Belt in Hungary
- Imports of Conveyor or Transmission Belt in Hungary
Price for Conveyor or Transmission Belt in Hungary (FOB) - 2023
The average conveyor or transmission belt export price stood at $8,243 per ton in July 2023, falling by -19.7% against the previous month. In general, export price indicated noticeable growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, conveyor or transmission belt export price decreased by -19.7% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 27% month-to-month. As a result, the export price reached the peak level of $10,277 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($21,811 per ton), while the average price for exports to Denmark ($4,781 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Conveyor or Transmission Belt in Hungary (CIF) - 2023
The average conveyor or transmission belt import price stood at $23,324 per ton in July 2023, falling by -8.4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 34% m-o-m. Over the period under review, average import prices reached the maximum at $30,280 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Czech Republic ($169K per ton), while the price for Denmark ($780 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Conveyor or Transmission Belt in Hungary
In 2022, overseas shipments of conveyor or transmission belts or belting decreased by -9.2% to 15K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 140% against the previous year.
In value terms, conveyor or transmission belt exports rose notably to $90M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Conveyor or Transmission Belt in Hungary (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 23.2 | 22.2 | 17.4 | 21.2 | -3.0% |
United Kingdom | 4.3 | 3.5 | 6.4 | 6.3 | 13.6% |
Finland | 2.9 | 5.3 | 7.1 | 6.2 | 28.8% |
Slovakia | 1.1 | 0.8 | 6.4 | 6.1 | 77.0% |
Sweden | 4.0 | 4.5 | 5.7 | 4.3 | 2.4% |
France | 3.4 | 3.9 | 6.1 | 3.8 | 3.8% |
Turkey | 1.8 | 1.4 | 2.4 | 3.2 | 21.1% |
South Africa | N/A | N/A | 1.1 | 2.7 | 145.5% |
Morocco | 0.7 | N/A | 0.1 | 2.7 | 56.8% |
Brazil | 0.9 | 0.1 | 1.0 | 1.9 | 28.3% |
Togo | N/A | 0.1 | 0.2 | 1.8 | 324.3% |
Jordan | N/A | N/A | 0.2 | 1.5 | 650.0% |
Spain | 2.1 | 1.8 | 1.0 | 1.3 | -14.8% |
Others | 31.2 | 30.4 | 28.6 | 26.7 | -5.1% |
Total | 75.6 | 74.1 | 83.6 | 89.6 | 5.8% |
Top Export Markets for Conveyor or Transmission Belt from Hungary in 2022:
- Germany (3.7K tons)
- Finland (1.3K tons)
- Slovakia (1.2K tons)
- United Kingdom (1.1K tons)
- France (0.9K tons)
- Morocco (0.8K tons)
- Sweden (0.8K tons)
- Turkey (0.5K tons)
- South Africa (0.5K tons)
- Brazil (0.3K tons)
- Jordan (0.3K tons)
- Togo (0.3K tons)
- Spain (0.2K tons)
Imports of Conveyor or Transmission Belt in Hungary
In 2022, overseas purchases of conveyor or transmission belts or belting decreased by -27.8% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year.
In value terms, conveyor or transmission belt imports declined slightly to $63M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $66M, and then declined in the following year.
Import of Conveyor or Transmission Belt in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 19.5 | 18.8 | 24.8 | 25.2 | 8.9% |
Poland | 12.2 | 9.6 | 10.8 | 9.2 | -9.0% |
Italy | 6.7 | 7.6 | 7.5 | 8.7 | 9.1% |
Netherlands | 1.6 | 1.6 | 1.9 | 1.5 | -2.1% |
Romania | 1.6 | 1.0 | 1.3 | 1.4 | -4.4% |
Turkey | 0.9 | 1.2 | 1.0 | 0.9 | 0.0% |
Czech Republic | 0.5 | 0.4 | 3.8 | 0.6 | 6.3% |
Serbia | 1.4 | 1.1 | 1.0 | 0.6 | -24.6% |
Others | 13.3 | 11.3 | 13.9 | 14.9 | 3.9% |
Total | 57.7 | 52.6 | 66.0 | 62.9 | 2.9% |
Top Suppliers of Conveyor or Transmission Belt to Hungary in 2022:
- Germany (682.0 tons)
- Poland (445.4 tons)
- Italy (426.7 tons)
- Romania (241.9 tons)
- Turkey (214.2 tons)
- Netherlands (178.5 tons)
- Serbia (172.8 tons)
- Czech Republic (115.2 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
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Explore the top 10 countries driving the import market for conveyor or transmission belts in 2023. Learn about the key players and trends shaping the industry.
In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
The global trade in conveyor or transmission belts or belting amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by recovery over the next two years, unti
TGW, a global leading manufacturer of dynamic automated logistics solutions for warehousing, production, order picking and distribution, has opened a manufacturing site in Changzhou, China.