Belgium: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Belgium

The Belgian conveyor or transmission belt market fell rapidly to $X in 2021, with a decrease of -19% against the previous year. Overall, consumption saw a relatively flat trend pattern. Conveyor or transmission belt consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Belgium

In value terms, conveyor or transmission belt production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Belgium

In 2021, shipments abroad of conveyor or transmission belts or belting increased by 34% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports, however, continue to indicate a noticeable shrinkage. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports reached $X in 2021. Overall, exports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for conveyor or transmission belt exports from Belgium, with a 35% share of total exports. Moreover, conveyor or transmission belt exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold. Mauritania (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.5% per year) and Mauritania (+17.9% per year).

In value terms, the largest markets for conveyor or transmission belt exported from Belgium were France ($X), Germany ($X) and Poland ($X), with a combined 43% share of total exports. These countries were followed by the Netherlands, Russia, Italy, Spain, the UK, Turkey, Brazil and Mauritania, which together accounted for a further 28%.

Mauritania, with a CAGR of +12.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other 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 2021, reducing by -17.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mauritania ($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 Turkey (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Belgium

Conveyor or transmission belt imports into Belgium rose rapidly to X tons in 2021, growing by 11% against 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 49%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, conveyor or transmission belt imports soared to $X in 2021. In general, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of conveyor or transmission belt imports to Belgium, together comprising 50% of total imports. These countries were followed by Spain, Germany, the UK and France, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +9.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest conveyor or transmission belt suppliers to Belgium were the UK ($X), Poland ($X) and Spain ($X), together comprising 48% of total imports.

Among the main suppliers, Spain, with a CAGR of +4.9%, 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 a decline.

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, with an increase of 5.7% against the previous year. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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