Europe: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Europe

In 2021, the Europe 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 +1.8% 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 Europe

In value terms, conveyor or transmission belt production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports in Europe

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, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

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

Exports by Country

Germany (X tons) and Poland (X tons) were the largest exporters of conveyor or transmission belts or belting in 2021, resulting at approx. 19% and 16% of total exports, respectively. The Netherlands (X tons) held the next position in the ranking, followed by Hungary (X tons), Romania (X tons), Russia (X tons), Italy (X tons), Belgium (X tons) and the UK (X tons). All these countries together held approx. 45% share of total exports. The following exporters - Spain (X tons), France (X tons), Slovenia (X tons) and Slovakia (X tons) - together made up 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +9.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest conveyor or transmission belt supplier in Europe, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.6% share of total exports. It was followed by Poland, with an 8.8% share.

In Germany, conveyor or transmission belt exports expanded at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+0.9% per year) and Poland (-0.8% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 when the export price increased by 15% 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.

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 Germany ($X per ton), while Russia ($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 Europe

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 +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

The purchases of the ten major importers of conveyor or transmission belts or belting, namely Germany, Russia, the Netherlands, Italy, France, Belgium, Poland, the UK, Spain and Ukraine, represented more than two-thirds of total import. The following importers - the Czech Republic (X tons), Sweden (X tons) and Austria (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and France ($X) were the countries with the highest levels of imports in 2021, together comprising 38% of total imports. These countries were followed by Belgium, Italy, the Netherlands, Poland, the UK, Spain, Ukraine, the Czech Republic, Sweden and Austria, which together accounted for a further 44%.

Poland, with a CAGR of +4.9%, saw the highest growth rate of 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

In 2021, the import price in Europe amounted to $X per ton, rising by 7% against the previous year. In general, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 7.5% against the previous year. 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 France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform