France: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in France

In 2021, the French endless machinery band market decreased by -23.7% to $X, falling for the second year in a row after four years of growth. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Endless Machinery Band Production in France

In value terms, endless machinery band production reduced notably to $X in 2021 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 31,559%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Endless Machinery Band Exports

Exports from France

In 2021, shipments abroad of endless bands for machinery, of stainless steel increased by 21% to X square meters, rising for the third consecutive year after three years of decline. In general, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.3% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 152% against the previous year. As a result, the exports reached the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports expanded notably to $X in 2021. Overall, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +16.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) was the main destination for endless machinery band exports from France, with a 76% share of total exports. Moreover, endless machinery band exports to Italy exceeded the volume sent to the second major destination, Japan (X square meters), more than tenfold. South Africa (X square meters) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.3% per year) and South Africa (+24.7% per year).

In value terms, Italy ($X) remains the key foreign market for endless machinery band exports from France, comprising 54% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.7% share of total exports. It was followed by South Africa, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.1% per year) and South Africa (+21.1% per year).

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, shrinking by -12.8% against the previous year. In general, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2018 an increase of 52%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per square meter), while the average price for exports to Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into France

In 2021, after three years of decline, there was significant growth in supplies from abroad of endless bands for machinery, of stainless steel, when their volume increased by 7.7% to X square meters. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.6% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 58%. As a result, imports reached the peak of X square meters. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, endless machinery band imports surged to $X in 2021. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 57% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest supplier of endless machinery band to France, accounting for a 48% share of total imports. Moreover, endless machinery band imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X square meters), twofold. The UK (X square meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and the UK (+31.6% per year).

In value terms, the largest endless machinery band suppliers to France were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 80% share of total imports. These countries were followed by the UK, Italy, the Czech Republic, Spain and China, which together accounted for a further 19%.

The Czech Republic, with a CAGR of +28.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average endless machinery band import price amounted to $X per square meter, rising by 14% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, endless machinery band import price increased by +143.0% against 2014 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per square meter), while the price for Spain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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