Spain: Market for Conveyor Or Transmission Belts Or Belting 2022

Market Size for Conveyor Or Transmission Belts Or Belting in Spain

The Spanish conveyor or transmission belt market rose significantly to $X in 2021, surging by X% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Conveyor Or Transmission Belts Or Belting in Spain

In value terms, conveyor or transmission belt production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Spain

Conveyor or transmission belt exports from Spain surged to X tons in 2021, jumping by X% against 2020. Over the period under review, exports, however, saw a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure 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 Mexico (X tons) were the main destinations of conveyor or transmission belt exports from Spain, with a combined X% share of total exports. These countries were followed by Germany, India, Italy, Iran, Portugal, the United States, Morocco, Austria, the UK and Cuba, which together accounted for a further X 2012 to 2020, the biggest increases were in the United States (with a CAGR of +X%), 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 Spain were Italy ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports. These countries were followed by France, the United States, Mexico, Portugal, the UK, Iran, Morocco, Cuba, Austria and India, which together accounted for a further X, with a CAGR of +X%, recorded 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 2020, dropping by -X% against the previous year. Overall, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+X%), 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, overseas purchases of conveyor or transmission belts or belting were finally on the rise to reach 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 +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, conveyor or transmission belt imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, China (X tons) constituted the largest conveyor or transmission belt supplier to Spain, accounting for a X% 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 taken by Turkey (X tons), with an X% share.

From 2012 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Turkey (+X% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest conveyor or transmission belt suppliers to Spain, together comprising X% of total imports. These countries were followed by Romania, the Netherlands, Turkey and Hungary, which together accounted for a further X the main suppliers, Turkey, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2020, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Kaynak: IndexBox Platformu