Conveyor or Transmission Belt Market - Key Importers of Conveyor or Transmission Belts Maintain Relatively Stable Import Share Sizes

Other Rubber Products December 21, 2016
Author: Maria Fadeeva
Market Analyst

conveyor or transmission belt market

Photo: © Nomad Soul / Bigstockphoto

The global trade in conveyor or transmission belts or belting amounted to 5,119 million USD in 2015, fluctuating mildly over the period under review. A 22% drop in 2009 was followed by recovery over the next two years, until exports dipped and slowed down their growth. Exports ended on a decline in 2015.

According to IndexBox estimates, China emerged as the top exporter on the conveyor or transmission belt market in 2011. In 2015, China's exports of conveyor or transmission belts totaled 779 million USD, which accounted for a 15% share of global exports. Germany, USA, Japan, and Italy were the other key global suppliers of conveyor or transmission belts in 2015, with a 34% combined share of global exports.

China (+9.8% per year) and the USA (+5.7% per year) were the fastest growing exporters from 2007 to 2015. China significantly strengthened its position in the global conveyor or transmission belts export structure, growing its share from 8% in 2007 to 15% in 2015.

Meanwhile, USA (11%, based on value terms), Germany (8%), France (5%), China (5%), and Canada (4%) were the leading destinations of imports of conveyor or transmission belts in 2015. Imports to Germany grew at a pace of +3.9% per year from 2007 to 2015. By contrast, France slightly contracted its imports of conveyor or transmission belts over the same period. None of the major importers posted any notable changes to their import share sizes from 2007 to 2015.

Global Exports Of Conveyor Or Transmission Belts

Key Exporting Countries Of Conveyor Or Transmission Belts

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Source: World: Conveyor Or Transmission Belts Or Belting - Market Report. Analysis and Forecast to 2020