Sudan: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Sudan

In 2021, after three years of decline, there was significant growth in the Sudanese conveyor or transmission belt market, when its value increased by 13% to $X. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Sudan

In value terms, conveyor or transmission belt production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 58%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Sudan

In 2021, exports of conveyor or transmission belts or belting from Sudan surged to X kg, increasing by 653% on the year before. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt exports surged to $X in 2021. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 533% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan (X kg) was the main destination for conveyor or transmission belt exports from Sudan, accounting for a 96% share of total exports. Moreover, conveyor or transmission belt exports to Uzbekistan exceeded the volume sent to the second major destination, Sri Lanka (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (0.0% per year) and China (-23.4% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for conveyor or transmission belts or belting exports from Sudan, comprising 97% of total exports. The second position in the ranking was held by China ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.4% per year) and Sri Lanka (0.0% per year).

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, with a decrease of -53% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2019 when the average export price increased by 517%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sri Lanka ($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 China (+15.7%).

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Sudan

In 2021, approx. X tons of conveyor or transmission belts or belting were imported into Sudan; reducing by -9% on 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 47%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, conveyor or transmission belt imports surged to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of conveyor or transmission belt imports to Sudan, with a combined 77% share of total imports. These countries were followed by Turkey, Italy, Aruba, Thailand and Egypt, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Aruba (with a CAGR of +113.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Sudan were China ($X), the United Arab Emirates ($X) and India ($X), with a combined 64% share of total imports. Turkey, Aruba, Italy, Thailand and Egypt lagged somewhat behind, together comprising a further 9.9%.

Among the main suppliers, Aruba, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, rising by 45% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Thailand ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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