Norway - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in Norway - 2023
Contents:
- Price for Conveyor or Transmission Belt in Norway (CIF) - 2023
- Price for Conveyor or Transmission Belt in Norway (FOB) - 2022
- Imports of Conveyor or Transmission Belt in Norway
- Exports of Conveyor or Transmission Belt in Norway
Price for Conveyor or Transmission Belt in Norway (CIF) - 2023
The average conveyor or transmission belt import price stood at $13,742 per ton in August 2023, surging by 33% against the previous month. In general, import price indicated a mild increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, conveyor or transmission belt import price decreased by -23.4% against April 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 61% m-o-m. The import price peaked at $19,110 per ton in November 2022; however, from December 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($61,593 per ton), while the price for China ($3,796 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Conveyor or Transmission Belt in Norway (FOB) - 2022
In 2022, the average conveyor or transmission belt export price amounted to $8,789 per ton, with a decrease of -10.9% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. As a result, the export price reached the peak level of $25,102 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($23,213 per ton), while the average price for exports to Sweden ($3,584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Conveyor or Transmission Belt in Norway
In 2022, overseas purchases of conveyor or transmission belts or belting increased by 25% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, conveyor or transmission belt imports skyrocketed to $26M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Conveyor or Transmission Belt in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.4 | 6.1 | 5.2 | 6.7 | 1.5% |
| Denmark | 1.4 | 1.8 | 2.1 | 2.4 | 19.7% |
| United States | 1.9 | 1.7 | 1.8 | 2.1 | 3.4% |
| Sweden | 1.2 | 1.7 | 1.8 | 2.0 | 18.6% |
| Netherlands | 1.2 | 1.0 | 1.4 | 1.7 | 12.3% |
| Italy | 1.2 | 1.4 | 1.2 | 1.4 | 5.3% |
| Poland | 0.4 | 0.6 | 1.1 | 1.2 | 44.2% |
| Spain | 0.4 | 0.6 | 0.8 | 1.0 | 35.7% |
| China | 0.9 | 0.8 | 0.8 | 0.9 | 0.0% |
| Belgium | 0.8 | 0.4 | 0.3 | 0.6 | -9.1% |
| India | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Turkey | 0.5 | 0.1 | N/A | 0.2 | -26.3% |
| Hungary | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Others | 4.1 | 3.6 | 3.9 | 4.8 | 5.4% |
| Total | 21.0 | 20.0 | 20.9 | 25.7 | 7.0% |
Top Suppliers of Conveyor or Transmission Belt to Norway in 2022:
- Germany (586.8 tons)
- Netherlands (261.2 tons)
- China (180.7 tons)
- Poland (176.6 tons)
- Sweden (158.3 tons)
- Spain (128.2 tons)
- Denmark (106.9 tons)
- Italy (99.5 tons)
- Turkey (51.0 tons)
- United States (38.2 tons)
- India (37.7 tons)
- Hungary (36.1 tons)
- Belgium (29.5 tons)
Exports of Conveyor or Transmission Belt in Norway
For the fourth year in a row, Norway recorded growth in overseas shipments of conveyor or transmission belts or belting, which increased by 63% to 158 tons in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 164%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, conveyor or transmission belt exports skyrocketed to $1.4M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Conveyor or Transmission Belt in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 86.8 | 63.9 | 224 | 364 | 61.3% |
| Russia | 66.7 | 123 | 123 | 200 | 44.2% |
| Netherlands | 57.8 | 71.2 | 66.6 | 108 | 23.2% |
| United Kingdom | 102 | 29.9 | 62.5 | 103 | 0.3% |
| Germany | 35.8 | 66.8 | 61.3 | 99.4 | 40.6% |
| Denmark | 33.9 | 32.7 | 57.1 | 92.6 | 39.8% |
| Iceland | 51.5 | 3.9 | 13.4 | 36.5 | -10.8% |
| Others | 189 | 218 | 348 | 384 | 26.7% |
| Total | 623 | 610 | 957 | 1,387 | 30.6% |
Top Export Markets for Conveyor or Transmission Belt from Norway in 2022:
- Sweden (101.4 tons)
- Denmark (12.2 tons)
- Russia (8.6 tons)
- Germany (7.4 tons)
- United Kingdom (6.8 tons)
- Netherlands (6.6 tons)
- Iceland (3.7 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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