Global Endless Machinery Band Market 2024

Endless Machinery Band Market Size

The global endless machinery band market reduced slightly to $X in 2023, stabilizing at the previous year. In general, consumption continues to indicate a perceptible reduction. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Endless Machinery Band Production

In value terms, endless machinery band production rose remarkably to $X in 2023 estimated in export price. Overall, production, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Endless Machinery Band Exports

Exports

In 2023, the amount of endless bands for machinery, of stainless steel exported worldwide totaled X square meters, picking up by X% compared with the year before. In general, total exports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, endless machinery band exports rose sharply to $X in 2023. Overall, total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, the Netherlands (X square meters), distantly followed by South Africa (X square meters), the United States (X square meters), China (X square meters), Spain (X square meters), Sweden (X square meters) and Italy (X square meters) represented the main exporters of endless bands for machinery, of stainless steel, together mixing up X% of total exports. The following exporters - the United Arab Emirates (X square meters), Germany (X square meters), the UK (X square meters) and Portugal (X square meters) - together made up X% of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Portugal (X%), Sweden (X%), the United Arab Emirates (X%), Spain (X%), China (X%), the United States (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) and Italy (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.), Sweden (X p.p.), China (X p.p.), the United States (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Italy (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The United States, the UK, Italy, China, Sweden, South Africa, Portugal and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw 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 2023, the average endless machinery band export price amounted to $X per square meter, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while South Africa ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other global leaders experienced more modest paces of growth.

Endless Machinery Band Imports

Imports

In 2023, supplies from abroad of endless bands for machinery, of stainless steel decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum at X square meters in 2022, and then dropped dramatically in the following year.

In value terms, endless machinery band imports reached $X in 2023. In general, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Spain (X square meters), followed by the United States (X square meters), the Netherlands (X square meters) and Ireland (X square meters) represented the largest importers of endless bands for machinery, of stainless steel, together comprising X% of total imports. Italy (X square meters), Mexico (X square meters), Germany (X square meters), France (X square meters), Lesotho (X square meters), Indonesia (X square meters), Russia (X square meters), Denmark (X square meters) and Turkey (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest endless machinery band importing markets worldwide were the United States ($X), the Netherlands ($X) and Mexico ($X), with a combined X% share of global imports. Italy, Turkey, France, Spain, Germany, Denmark, Ireland, Indonesia, Russia and Lesotho lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ireland, with a CAGR of X%, recorded 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

The average endless machinery band import price stood at $X per square meter in 2023, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Global import price peaked at $X per square meter in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per square meter), while Lesotho ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform