CIS: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in CIS

The CIS conveyor or transmission belt market expanded remarkably to $X in 2021, picking up by 13% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in CIS

In value terms, conveyor or transmission belt production surged to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in CIS

In 2021, the amount of conveyor or transmission belts or belting exported in the CIS dropped to X tons, with a decrease of -7.8% against 2020 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 54%. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, conveyor or transmission belt exports rose significantly to $X in 2021. Overall, exports continue to indicate a mild descent. The growth pace was the most rapid in 2017 when exports increased by 42% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2021. Belarus (X tons) and Kazakhstan (X tons) took a minor share of total exports.

Exports from Russia increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Belarus (+13.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +13.7% from 2012-2021. By contrast, Kazakhstan (-23.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia and Belarus increased by +21 and +1.8 percentage points, respectively.

In value terms, Russia ($X) remains the largest conveyor or transmission belt supplier in the CIS, comprising 88% of total exports. The second position in the ranking was held by Belarus ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+11.6% per year) and Kazakhstan (-31.2% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the export price, however, showed a slight downturn. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Conveyor Or Transmission Belts Or Belting

Imports in CIS

Conveyor or transmission belt imports reached X tons in 2021, growing by 2.8% on the year before. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, conveyor or transmission belt imports surged to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 2017 with an increase of 39% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Russia represented the main importing country with an import of around X tons, which accounted for 63% of total imports. Kazakhstan (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (8%). Azerbaijan (X tons) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, Azerbaijan (+14.0%) and Kazakhstan (+8.8%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +14.0% from 2012-2021. By contrast, Belarus (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan increased by +9.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported conveyor or transmission belts or belting in the CIS, comprising 71% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 16% share of total imports. It was followed by Belarus, with a 7.1% share.

In Russia, conveyor or transmission belt imports expanded at an average annual rate of +2.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+3.8% per year) and Belarus (-4.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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