Netherlands: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in the Netherlands

The Dutch conveyor or transmission belt market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Conveyor Or Transmission Belts Or Belting in the Netherlands

In value terms, conveyor or transmission belt production surged to $X in 2021 estimated in export price. Overall, production recorded a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from the Netherlands

After two years of decline, shipments abroad of conveyor or transmission belts or belting increased by 8.2% to X tons in 2021. In general, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for conveyor or transmission belt exports from the Netherlands, with a 31% share of total exports. Moreover, conveyor or transmission belt exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.4% per year) and Poland (+18.7% per year).

In value terms, Germany ($X) remains the key foreign market for conveyor or transmission belts or belting exports from the Netherlands, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with an 8.4% share of total exports. It was followed by Belgium, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.1% per year) and Belgium (+7.7% per year).

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into the Netherlands

In 2021, the amount of conveyor or transmission belts or belting imported into the Netherlands stood at X tons, picking up by 11% on the year before. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 46%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, conveyor or transmission belt imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of conveyor or transmission belt to the Netherlands, accounting for a 51% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Bulgaria (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Bulgaria (-9.7% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest conveyor or transmission belt suppliers to the Netherlands, with a combined 51% share of total imports. Belgium, Poland, Bulgaria, India and Turkey lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Poland, with a CAGR of +36.8%, saw the highest rates of growth with regard to 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 2021, the average conveyor or transmission belt import price amounted to $X per ton, growing by 11% against the previous year. In general, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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