Which Country Exports the Most Conveyor Belts in the World?

Other Rubber Products May 28, 2018

Blog Blog / Rubber And Plastic / Other Rubber Products

Author: Anna Sergeeva

PositionMarket Analyst

In 2016, approx. 574K tonnes of conveyor belt were exported worldwide; falling by -13.9% against the previous year figure. Overall, conveyor belt exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when export increased by 35% from the previous year level. Global conveyor belt export peaked of 723K tonnes in 2012; however, from 2013 to 2016, it failed to regain its strength.

In value terms, conveyor belt exports amounted to $4.8B in 2016. In general, conveyor belt exports continue to indicate a relatively flat trend pattern. Global conveyor belt export peaked of $6B in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.

Top Conveyor Belt Exporting Countries in the World

1. Germany (680.9 million USD)

2. China (665.0 million USD)

3. Japan (350.0 million USD)

4. Italy (266.2 million USD)

5. Poland (236.0 million USD)

6. Belgium (205.1 million USD)

7. Mexico (152.4 million USD)

8. Thailand (140.7 million USD)

9. Netherlands (139.4 million USD)

10. India (101.1 million USD)

11. Hungary (75.5 million USD)

12. Turkey (43.9 million USD)

Conveyor Belt Exports By Country

China (239K tonnes) represented the key exporting country with an export of around 239K tonnes, which recorded 42% of total exports. Poland (42K tonnes) occupied a 7% share (based on tonnes) of global conveyor belt exports, which put it in second place, following India (5%). Japan (23K tonnes), Germany (20K tonnes), Hungary (18K tonnes), the Netherlands (17K tonnes), Thailand (15K tonnes), Turkey (15K tonnes), Italy (15K tonnes), Mexico (14K tonnes), and Belgium (12K tonnes) followed a long way behind this figure.

Exports from China increased at an average annual rate of +5.6% from 2007 to 2016. At the same time, Turkey (+17.3%), Thailand (+8.2%), Mexico (+7.1%), India (+6.7%), Poland (+5.7%), and Hungary (+1.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer/exporter in the world, with a CAGR of +17.3% from 2007-2016. The Netherlands, and Italy experienced a relatively flat trend pattern. By contrast, Belgium (-1.6%), Japan (-3.1%), and Germany (-9.8%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Germany increased by 5% percentage points, while Turkey (-1.9%), India (-2.3%), Poland (-2.8%), and China (-16.0%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest conveyor belt markets worldwide were Germany ($681M), China ($665M) and Japan ($350M), together comprising 35% of global exports. These countries were followed by Italy, Poland, Belgium, Mexico, Thailand, the Netherlands, India, Hungary and Turkey, which together accounted for a further 28%.

Turkey (+12.0% per year) experienced the highest rates of growth with regard to the conveyor belt exports, in terms of the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Conveyor Belt Export Prices By Country

The average conveyor belt export price stood at $8,430 per tonne in 2016, jumping by 12% against the previous year. Overall, conveyor belt export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, when export increased by 12% y-o-y. Over the period under review, average conveyor belt export price attained its maximum level of $9,138 per tonne in 2008; however, from 2009 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Germany ($34 per kg), while China ($2,784 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of conveyor belt export prices was attained by Germany (+8.9% per year), while the other global leaders experienced more modest paces of growth.

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