Overview of the Global Market for Conveyor Or Transmission Belts Or Belting

Market Size for Conveyor Or Transmission Belts Or Belting

The global conveyor or transmission belt market rose modestly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Conveyor Or Transmission Belts Or Belting

In value terms, conveyor or transmission belt production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, global production growth remained at a somewhat lower figure.

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Exports of Conveyor Or Transmission Belts Or Belting

Exports

In 2023, shipments abroad of conveyor or transmission belts or belting increased by X% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, conveyor or transmission belt exports rose slightly to $X in 2023. The total export 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. The United States (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%). The following exporters - Poland (X tons), Germany (X tons), Turkey (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and Italy (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the conveyor or transmission belts or belting exports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Germany (X%), India (X%), the Netherlands (X%), Italy (X%) and Poland (X%) displayed positive paces of growth. The United States experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), the United States (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of global exports. Italy, Poland, Japan, the Netherlands, India, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2016 an increase of X%. The global export price peaked at $X per ton 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 Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Imports of Conveyor Or Transmission Belts Or Belting

Imports

In 2023, after two years of growth, there was decline in overseas purchases of conveyor or transmission belts or belting, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell modestly in the following year.

In value terms, conveyor or transmission belt imports stood at $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X tons), distantly followed by Germany (X tons) represented the largest importers of conveyor or transmission belts or belting, together comprising X% of total imports. Russia (X tons), Brazil (X tons), the Netherlands (X tons), Australia (X tons), Indonesia (X tons), Chile (X tons), Italy (X tons), India (X tons), South Korea (X tons), South Africa (X tons) and France (X tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%), Brazil (X%), the Netherlands (X%), India (X%), Chile (X%), Russia (X%), Italy (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany, South Africa and France experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of global imports. Brazil, Australia, Italy, Russia, the Netherlands, Chile, India, Indonesia, South Korea and South Africa lagged somewhat behind, together comprising a further X%.

Among the main importing countries, South Korea, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average conveyor or transmission belt import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform