Serbia - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Serbia - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights

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Price for Conveyor or Transmission Belt in Serbia - 2023

Contents:

  1. Price for Conveyor or Transmission Belt in Serbia (CIF) - 2023
  2. Price for Conveyor or Transmission Belt in Serbia (FOB) - 2022
  3. Imports of Conveyor or Transmission Belt in Serbia
  4. Exports of Conveyor or Transmission Belt in Serbia

Price for Conveyor or Transmission Belt in Serbia (CIF) - 2023

The average conveyor or transmission belt import price stood at $7,570 per ton in November 2023, growing by 27% against the previous month. Over the period under review, import price indicated mild growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, conveyor or transmission belt import price increased by +45.6% against September 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 87% against the previous month. As a result, import price attained the peak level of $8,820 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($43,156 per ton), while the price for China ($4,206 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Conveyor or Transmission Belt in Serbia (FOB) - 2022

The average conveyor or transmission belt export price stood at $5,046 per ton in 2022, growing by 21% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, conveyor or transmission belt export price increased by +67.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($113,629 per ton), while the average price for exports to Ukraine ($1,936 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 Belarus (+54.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor or Transmission Belt in Serbia

In 2022, approx. 3.5K tons of conveyor or transmission belts or belting were imported into Serbia; reducing by -6.5% on the previous year's figure. Over the period under review, imports recorded a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of 3.8K tons, and then declined in the following year.

In value terms, conveyor or transmission belt imports expanded significantly to $22M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Conveyor or Transmission Belt in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.33.63.15.0-7.4%
Poland0.92.63.44.368.4%
Germany2.52.32.72.50.0%
Bulgaria0.4N/A3.41.968.1%
Turkey0.70.70.91.837.0%
Romania0.80.81.31.214.5%
Slovenia0.50.60.60.817.0%
Hungary1.60.10.10.1-60.3%
Others4.74.54.54.4-2.2%
Total18.515.120.022.05.9%

Top Suppliers of Conveyor or Transmission Belt to Serbia in 2022:

  1. China (1076.4 tons)
  2. Poland (917.3 tons)
  3. Bulgaria (535.8 tons)
  4. Turkey (514.4 tons)
  5. Slovenia (188.7 tons)
  6. Romania (87.4 tons)
  7. Germany (60.3 tons)
  8. Hungary (8.5 tons)

Exports of Conveyor or Transmission Belt in Serbia

For the third consecutive year, Serbia recorded decline in overseas shipments of conveyor or transmission belts or belting, which decreased by -3.4% to 855 tons in 2022. Overall, exports recorded a significant decline.

In value terms, conveyor or transmission belt exports surged to $4.3M in 2022. Over the period under review, exports showed a dramatic contraction.

Export of Conveyor or Transmission Belt in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina1,1847795711,039-4.3%
Germany13211512170174.5%
Slovakia19718045.058743.9%
Hungary1,3401,146959570-24.8%
Turkey52.9587818562119.8%
Montenegro2181882032636.5%
North Macedonia1,0162,263152108-52.6%
Ukraine5,2727630.30.1-97.3%
China373N/AN/AN/A0%
Others36221183048210.0%
Total10,1496,2323,6994,313-24.8%

Top Export Markets for Conveyor or Transmission Belt from Serbia in 2022:

  1. Ukraine (undefined tons)
  2. Bosnia and Herzegovina (202.6 tons)
  3. Hungary (173.1 tons)
  4. Slovakia (170.7 tons)
  5. Germany (129.4 tons)
  6. Turkey (116.1 tons)
  7. Montenegro (31.1 tons)
  8. North Macedonia (14.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for conveyor or transmission belt in Serbia. 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:

  • Serbia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Serbia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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