Czech Republic: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in the Czech Republic

In 2021, the Czech conveyor or transmission belt market decreased by -3.1% to $X, falling for the third consecutive year after three years of growth. In general, consumption saw a pronounced reduction. The growth pace was the most rapid in 2017 when the market value increased by 8.9% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in the Czech Republic

In value terms, conveyor or transmission belt production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt slump. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from the Czech Republic

In 2021, conveyor or transmission belt exports from the Czech Republic soared to X tons, rising by 54% against the previous year. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of conveyor or transmission belt exports from the Czech Republic, with a combined 48% share of total exports. These countries were followed by Slovakia, Ukraine, Morocco, Bulgaria, Romania, France, Poland, Egypt, Serbia and Turkey, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for conveyor or transmission belt exported from the Czech Republic were Russia ($X), Germany ($X) and Slovakia ($X), with a combined 44% share of total exports. These countries were followed by France, Ukraine, Poland, Hungary, Romania, Morocco, Bulgaria, Egypt, Serbia and Turkey, which together accounted for a further 31%.

In terms of the main countries of destination, Morocco, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of exports, 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 -24.7% against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 45% 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 (+3.5%), 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 Czech Republic

In 2021, approx. X tons of conveyor or transmission belts or belting were imported into the Czech Republic; which is down by -9% compared with the previous year. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, conveyor or transmission belt imports expanded significantly to $X in 2021. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2014 when imports increased by 13% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Slovakia (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of conveyor or transmission belt imports to the Czech Republic, with a combined 52% share of total imports. These countries were followed by Germany, the Netherlands, Bulgaria, China, Italy, the United States, Slovenia and the UK, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +91.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of conveyor or transmission belts or belting to the Czech Republic, comprising 35% of total imports. The second position in the ranking was held by Slovakia ($X), with a 10% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-10.9% per year) and Poland (-0.5% per year).

Import Prices by Country

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, picking up by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 an increase of 19%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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