Overview of the Global Market for Conveyor Or Transmission Belts Or Belting

Market Size for Conveyor Or Transmission Belts Or Belting

In 2021, the global conveyor or transmission belt market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting

In value terms, conveyor or transmission belt production rose to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of in 2021 were China (X tons), the United States (X tons) and Russia (X tons), with a combined X% share of global production. These countries were followed by Indonesia, Mexico, Poland, Bangladesh, Japan, Germany, India and Turkey, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Turkey (with a CAGR of +X%), while production for the other global leaders experienced more modest paces of growth.

Exports of Conveyor Or Transmission Belts Or Belting

Exports

Global conveyor or transmission belt exports rose significantly to X tons in 2021, with an increase of X% against the previous year's figure. The total export 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, conveyor or transmission belt exports rose sharply to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the global exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the main exporter of conveyor or transmission belts or belting in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2021. The United States (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%). Poland (X tons), India (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), the Netherlands (X tons), Japan (X tons), Hungary (X tons), Mexico (X tons), Thailand (X tons) and Romania (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to conveyor or transmission belt exports from China stood at +X%. At the same time, Turkey (+X%), Germany (+X%), Mexico (+X%), India (+X%), Thailand (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Hungary, Poland, Romania and the United States experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Germany and Turkey increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of global exports. Japan, Poland, the Netherlands, Mexico, India, Thailand, Romania, Taiwan (Chinese), Hungary and Turkey lagged somewhat behind, together comprising a further X the main exporting countries, Turkey, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while China ($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 Netherlands (+X%), while the other global leaders experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports

In 2021, the amount of conveyor or transmission belts or belting imported worldwide rose notably to X tons, with an increase of X% on the previous year's figure. Over the period under review, imports saw a mild increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, conveyor or transmission belt imports rose remarkably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly X% of total imports in 2021. Germany (X tons), Russia (X tons), the Netherlands (X tons), Brazil (X tons), Australia (X tons), Italy (X tons), France (X tons), Indonesia (X tons), India (X tons), Mexico (X tons) and Chile (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt importing markets worldwide were the United States ($X), Germany ($X) and Russia ($X), with a combined X% share of global imports. France, Canada, Italy, Australia, Mexico, the Netherlands, Brazil, Indonesia, India and Chile lagged somewhat behind, together comprising a further X terms of the main importing countries, the Netherlands, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the other global leaders experienced more modest paces of growth.

Kaynak: IndexBox Platformu