China: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in China

For the third consecutive year, the Chinese endless machinery band market recorded decline in sales value, which decreased by -2.3% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Endless Machinery Band Production in China

In value terms, endless machinery band production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 60% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Endless Machinery Band Exports

Exports from China

In 2021, endless machinery band exports from China surged to X square meters, picking up by 38% against the previous year's figure. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, endless machinery band exports soared to $X in 2021. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 85% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Denmark (X square meters), Cambodia (X square meters) and the Philippines (X square meters) were the main destinations of endless machinery band exports from China, with a combined 37% share of total exports. Thailand, Japan, the United States, Saudi Arabia, Pakistan, Latvia, the United Arab Emirates, Angola, Indonesia and Vietnam lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +4,450.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and Saudi Arabia ($X) were the largest markets for endless machinery band exported from China worldwide, with a combined 43% share of total exports. These countries were followed by the United States, the Philippines, Vietnam, Indonesia, Denmark, Cambodia, Pakistan, Latvia, the United Arab Emirates and Angola, which together accounted for a further 31%.

Latvia, with a CAGR of +2,801.2%, saw the highest rates of growth with regard to 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 endless machinery band export price stood at $X per square meter in 2021, increasing by 18% against the previous year. In general, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band export price increased by +47.5% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per square meter), while the average price for exports to Denmark ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into China

In 2021, supplies from abroad of endless bands for machinery, of stainless steel increased by 94% to X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced slump. Imports peaked at X square meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, endless machinery band imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 91% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X square meters), the United States (X square meters) and South Korea (X square meters) were the main suppliers of endless machinery band imports to China, together comprising 68% of total imports. Austria, Germany, the United Arab Emirates, Japan, the Czech Republic and Taiwan (Chinese) lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +76.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Austria ($X) and Sweden ($X) appeared to be the largest endless machinery band suppliers to China, with a combined 64% share of total imports.

Austria, with a CAGR of +49.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 endless machinery band import price amounted to $X per square meter, falling by -3% against the previous year. In general, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 81%. As a result, import price reached the peak level of $X per square meter, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per square meter), while the price for the United Arab Emirates ($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 the United States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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