Switzerland: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Switzerland

In 2021, the Swiss conveyor or transmission belt market increased by 29% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Conveyor Or Transmission Belts Or Belting in Switzerland

In value terms, conveyor or transmission belt production expanded slightly to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 25%. 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 Switzerland

After two years of decline, shipments abroad of conveyor or transmission belts or belting increased by 35% to X tons in 2021. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports surged to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main destinations of conveyor or transmission belt exports from Switzerland, together accounting for 45% of total exports. Italy, India, Poland, France, Japan, Slovakia, Singapore, Turkey, the Netherlands and Spain lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +24.3%), 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 Switzerland were the United States ($X), Germany ($X) and China ($X), together accounting for 47% of total exports. These countries were followed by Italy, India, Japan, France, Poland, Singapore, Spain, Turkey, the Netherlands and Slovakia, which together accounted for a further 32%.

Among the main countries of destination, Poland, with a CAGR of +17.7%, recorded the highest growth rate of 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

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, falling by -12.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Slovakia ($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 Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Switzerland

In 2021, supplies from abroad of conveyor or transmission belts or belting increased by 117% to X tons, rising for the second consecutive year after five years of decline. In general, imports recorded a slight increase. 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 soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of conveyor or transmission belt imports to Switzerland, together comprising 71% of total imports. Italy, Hungary, France, Austria, Turkey, Spain, Romania, the UK and Slovenia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of conveyor or transmission belts or belting to Switzerland, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with an 8.5% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.3% per year) and Italy (+6.7% per year).

Import Prices by Country

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, declining by -44.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 38%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hungary ($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 UK (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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