Italy: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Italy

The Italian conveyor or transmission belt market soared to $X in 2021, growing by 1,118% against the previous year. Over the period under review, consumption saw a significant expansion. 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 Italy

In value terms, conveyor or transmission belt production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Conveyor or transmission belt production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Italy

In 2021, the amount of conveyor or transmission belts or belting exported from Italy rose markedly to X tons, picking up by 13% on 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of conveyor or transmission belt exports from Italy, together comprising 27% of total exports. Spain, the United States, Pakistan, Algeria, Poland, Russia, the UK, Morocco, Egypt and Austria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for conveyor or transmission belt exported from Italy were Germany ($X), France ($X) and the United States ($X), with a combined 37% share of total exports. These countries were followed by Turkey, Spain, Poland, the UK, Algeria, Russia, Egypt, Austria, Morocco and Pakistan, which together accounted for a further 32%.

Algeria, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, surging by 7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 7.8%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Pakistan ($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 Algeria (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Italy

In 2021, supplies from abroad of conveyor or transmission belts or belting increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 14%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, conveyor or transmission belt imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of conveyor or transmission belt imports to Italy, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of conveyor or transmission belts or belting to Italy, comprising 27% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Spain, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.4% per year) and Spain (+0.3% per year).

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, picking up by 29% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :