EU: Rubber Synchronous Belts Market 2020

Rubber Synchronous Belts Market Size in the EU

The revenue of the rubber synchronous belts market in the European Union amounted to $X in 2017, picking up by X% against the previous year. The rubber synchronous belts consumption continues to indicate a mild decrease. The growth pace was the most rapid in 2011, when market value increased by X% y-o-y. In that year, the rubber synchronous belts market attained their peak level of $X. From 2012 to 2017, growth of the rubber synchronous belts market failed to regain its momentum.

Rubber Synchronous Belts Production in the EU

The rubber synchronous belts production amounted to X tons in 2017, remaining stable against the previous year. The rubber synchronous belts production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the rubber synchronous belts production attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rubber Synchronous Belts Exports in the EU

In 2017, the amount of rubber synchronous belts exported in the European Union stood at X tons, increasing by X% against the previous year. The rubber synchronous belts exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, rubber synchronous belts exports amounted to $X in 2017. The rubber synchronous belts exports continue to indicate a mild setback. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Rubber Synchronous Belts Exports by Country in the EU

Germany was the main exporting country with an export of about X tons, which amounted to X% of total exports. Italy (X tons) ranks second in terms of the global exports with a X% share, followed by the UK (X%), France (X%) and Belgium (X%). The following exporters - Poland (X tons) and Romania (X tons) each recorded a X% share of total exports.

Exports from Germany increased at an average annual rate of +X% from 2007 to 2017. At the same time, Romania (+X%) and France (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. The UK experienced a relatively flat trend pattern. By contrast, Italy (-X%), Poland (-X%) and Belgium (-X%) illustrated a downward trend over the same period. Belgium (X%) and Italy (X%) significantly strengthened its position in terms of the global exports, while Romania, France and Germany saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest rubber synchronous belts supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (-X% per year) and the UK (-X% per year).

Rubber Synchronous Belts Export Prices by Country in the EU

The rubber synchronous belts export price in the European Union stood at $X per kg in 2017, rising by X% against the previous year. The rubber synchronous belts export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2011, when the export prices increased by X% year-to-year. In that year, the export prices for rubber synchronous belts reached their peak level of $X per kg. From 2012 to 2017, growth of the export prices for rubber synchronous belts failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per kg) and Italy ($X per kg), while Belgium ($X per kg) and Romania ($X per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Romania (+X% per year), while the other leaders experienced a decline in the export price figures.

Rubber Synchronous Belts Imports in the EU

In 2017, imports of rubber synchronous belts in the European Union stood at X tons, surging by X% against the previous year. The rubber synchronous belts imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Over the period under review, the rubber synchronous belts imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, rubber synchronous belts imports amounted to $X in 2017. The rubber synchronous belts imports continue to indicate a mild contraction. Over the period under review, the rubber synchronous belts imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rubber Synchronous Belts Imports by Country in the EU

In 2017, France (X tons), distantly followed by Germany (X tons), Belgium (X tons), the UK (X tons) and Italy (X tons) represented the key importers of rubber synchronous belts, together mixed up X% of total imports. The following importers - Poland (X tons), Romania (X tons), the Czech Republic (X tons), Sweden (X tons) and Spain (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest rubber synchronous belts markets worldwide were France ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. The UK, Italy, Poland, the Czech Republic, Romania, Sweden and Spain lagged somewhat behind, together accounting for a further X%.

The Czech Republic (+X% per year) recorded the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Rubber Synchronous Belts Import Prices by Country in the EU

In 2017, the rubber synchronous belts import price in the European Union amounted to $X per kg, leveling off at the previous year. The rubber synchronous belts import price continues to indicate a slight contraction. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. In that year, the import prices for rubber synchronous belts reached their peak level of $X per kg. From 2009 to 2017, growth of the import prices for rubber synchronous belts stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Poland ($X per kg), while Romania ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Italy (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform