Spain: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Spain

The Spanish conveyor or transmission belt market dropped significantly to $X in 2021, waning by -53.8% against the previous year. Overall, consumption saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 9.7%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Spain

In value terms, conveyor or transmission belt production shrank to $X in 2021 estimated in export price. In general, production saw a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 60%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Spain

Conveyor or transmission belt exports from Spain surged to X tons in 2021, picking up by 21% against the previous year. Over the period under review, exports, however, faced a drastic downturn. Over the period under review, the exports attained the peak figure 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 attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main destinations of conveyor or transmission belt exports from Spain, with a combined 37% share of total exports. Italy, India, Iran, Mexico, Algeria, Morocco, Russia, Portugal, the United States and the UK lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) were the largest markets for conveyor or transmission belt exported from Spain worldwide, together comprising 48% of total exports. France, the United States, Portugal, the UK, Morocco, Mexico, Iran, Algeria, Russia and India lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, the United States, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 6.2% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 83%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 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 United States ($X per ton), while the average price for exports to India ($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 Portugal (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Spain

In 2021, after two years of decline, there was significant growth in purchases abroad of conveyor or transmission belts or belting, when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, conveyor or transmission belt imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of conveyor or transmission belt to Spain, accounting for a 39% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+4.7% per year) and Germany (+0.2% per year).

In value terms, the largest conveyor or transmission belt suppliers to Spain were Germany ($X), France ($X) and China ($X), with a combined 53% share of total imports.

China, with a CAGR of +5.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 conveyor or transmission belt import price amounted to $X per ton, picking up by 4.4% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 6.9%. The import price peaked at $X per ton in 2012; however, from 2013 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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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