EU: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in the EU

In 2021, the EU conveyor or transmission belt market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Conveyor Or Transmission Belts Or Belting in the EU

In value terms, conveyor or transmission belt production surged to $X in 2021 estimated in export price. Overall, production, however, showed a mild shrinkage. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in the EU

In 2021, shipments abroad of conveyor or transmission belts or belting was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2017 with an increase of 22%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, conveyor or transmission belt exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

Germany (X tons) and Poland (X tons) represented roughly 39% of total exports in 2021. The Netherlands (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (8.5%), Romania (7.4%), Italy (7.2%) and Belgium (6%). Spain (X tons), France (X tons), Slovenia (X tons), Slovakia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest conveyor or transmission belt supplier in the European Union, comprising 35% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by Poland, with a 9.9% share.

In Germany, conveyor or transmission belt exports expanded at an average annual rate of +4.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.9% per year) and Poland (-0.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.2%), while the other leaders experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports in the EU

In 2021, purchases abroad of conveyor or transmission belts or belting was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons), the Netherlands (X tons), Italy (X tons), France (X tons), Belgium (X tons), Poland (X tons) and Spain (X tons) represented the largest importer of conveyor or transmission belts or belting in the European Union, constituting 76% of total import. The following importers - the Czech Republic (X tons), Sweden (X tons), Austria (X tons), Finland (X tons), Hungary (X tons) and Slovakia (X tons) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 45% of total imports. Italy, the Netherlands, Poland, Spain, the Czech Republic, Hungary, Sweden, Austria, Finland and Slovakia lagged somewhat behind, together accounting for a further 45%.

Hungary, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 7.7% against the previous year. Overall, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2013 when the import price increased by 8.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained 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 Hungary ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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