Asia: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Asia

The Asian endless machinery band market rose significantly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Production in Asia

In value terms, endless machinery band production stood at $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Endless Machinery Band Exports

Exports in Asia

In 2021, approx. X square meters of endless bands for machinery, of stainless steel were exported in Asia; with an increase of 31% on the previous year. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, endless machinery band exports soared to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 53%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, China (X square meters) represented the largest exporter of endless bands for machinery, of stainless steel, mixing up 34% of total exports. Cyprus (X square meters) took the second position in the ranking, distantly followed by Oman (X square meters), India (X square meters), Saudi Arabia (X square meters), the United Arab Emirates (X square meters) and Taiwan (Chinese) (X square meters). All these countries together held near 49% share of total exports.

Exports from China increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, Cyprus (+46.3%), Oman (+21.3%), Saudi Arabia (+10.0%), the United Arab Emirates (+4.0%), India (+3.4%) and Taiwan (Chinese) (+3.0%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing exporter exported in Asia, with a CAGR of +46.3% from 2012-2021. While the share of Cyprus (+15 p.p.), China (+11 p.p.), Oman (+6.4 p.p.), Saudi Arabia (+3.7 p.p.), India (+1.7 p.p.) and the United Arab Emirates (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest endless machinery band supplier in Asia, comprising 40% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with an 8.5% share.

In China, endless machinery band exports increased at an average annual rate of +10.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+2.4% per year) and Taiwan (Chinese) (+1.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per square meter, with a decrease of -4.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced a decline in the export price figures.

Endless Machinery Band Imports

Imports in Asia

In 2021, approx. X square meters of endless bands for machinery, of stainless steel were imported in Asia; rising by 32% on 2020 figures. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 35% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, endless machinery band imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 44% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Kuwait was the main importing country with an import of about X square meters, which resulted at 31% of total imports. Indonesia (X square meters) ranks second in terms of the total imports with a 15% share, followed by Oman (8.7%), Turkey (6.8%) and Thailand (5.6%). China (X square meters), Malaysia (X square meters), Pakistan (X square meters), Yemen (X square meters), Vietnam (X square meters), Lebanon (X square meters), Israel (X square meters) and the United Arab Emirates (X square meters) held a minor share of total imports.

Kuwait was also the fastest-growing in terms of the endless bands for machinery, of stainless steel imports, with a CAGR of +93.0% from 2012 to 2021. At the same time, the United Arab Emirates (+15.1%), Oman (+12.9%), Yemen (+12.6%), Indonesia (+10.2%), Lebanon (+9.3%), Turkey (+8.9%), Thailand (+6.4%) and Pakistan (+1.0%) displayed positive paces of growth. Israel experienced a relatively flat trend pattern. By contrast, Vietnam (-1.6%), China (-4.2%) and Malaysia (-5.2%) illustrated a downward trend over the same period. Kuwait (+31 p.p.), Indonesia (+7.9 p.p.), Oman (+5.5 p.p.), Turkey (+3.3 p.p.), Thailand (+2 p.p.) and Yemen (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while China and Malaysia saw its share reduced by -2.2% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Asia, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Kuwait, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +18.5%. The remaining importing countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Kuwait (+56.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per square meter, waning by -2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 an increase of 25%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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