Eastern Asia: Rubber Transmission Belts Market 2020

Rubber Transmission Belts Market Size in Eastern Asia

The revenue of the rubber transmission belts market in Eastern Asia amounted to $X in 2017, lowering by -X% against the previous year. The total market indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber transmission belts consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, when market value increased by X% against the previous year. Over the period under review, the rubber transmission belts market reached its peak figure level of $X in 2016, and then declined slightly in the following year.

Rubber Transmission Belts Production in Eastern Asia

In 2017, approx. X tons of rubber transmission belts were produced in Eastern Asia; going up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The volume of rubber transmission belts production peaked in 2017, and is likely to see steady growth in the near future.

Rubber Transmission Belts Exports in Eastern Asia

The exports totaled X tons in 2017, jumping by X% against the previous year. The rubber transmission belts exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, the rubber transmission belts exports reached its maximum volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, rubber transmission belts exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the rubber transmission belts exports attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Rubber Transmission Belts Exports by Country in Eastern Asia

China was the main exporting country with an export of around X tons, which finished at X% of total exports. South Korea (X tons) occupied the second position in the ranking, followed by Japan (X tons). All these countries together held near X% share of total exports.

China was also the fastest growing in terms of the rubber transmission belts exports, with a CAGR of +X% from 2007 to 2017. Japan experienced a relatively flat trend pattern. South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of South Korea increased by X% percentage points, while China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rubber transmission belts markets worldwide were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports.

Among the main exporting countries , China (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Transmission Belts Export Prices by Country in Eastern Asia

In 2017, the rubber transmission belts export price in Eastern Asia amounted to $X per kg, lowering by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013, an increase of X% y-o-y. In that year, the export prices for rubber transmission belts reached their peak level of $X per kg. From 2014 to 2017, growth of the export prices for rubber transmission belts failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Japan ($X per kg), while China ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Rubber Transmission Belts Imports in Eastern Asia

The imports amounted to X tons in 2017, waning by -X% against the previous year. The total imports indicated a measured expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber transmission belts imports decreased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011, when imports increased by X% y-o-y. Over the period under review, the rubber transmission belts imports attained its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, rubber transmission belts imports amounted to $X in 2017. The total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rubber transmission belts imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Rubber Transmission Belts Imports by Country in Eastern Asia

China (X tons) and Japan (X tons) represented roughly X% of total imports of rubber transmission belts in 2017. It was distantly followed by South Korea (X tons) and Taiwan, Chinese (X tons), together generating X% share of total imports. China, Hong Kong SAR (X tons) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rubber transmission belts in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, rubber transmission belts imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and South Korea (+X% per year).

Rubber Transmission Belts Import Prices by Country in Eastern Asia

In 2017, the rubber transmission belts import price in Eastern Asia amounted to $X per kg, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. Over the period under review, the import prices for rubber transmission belts attained its peak figure level of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Taiwan, Chinese ($X per kg), while Japan ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform