World - Endless Bands For Machinery, Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the rising demand for endless machinery band worldwide, with a forecasted increase in market volume to 32M square meters and market value to $572M by the end of 2030. It highlights the slight decrease in consumption and revenue in 2022, with countries like Romania, the Netherlands, and China leading in both consumption and production. The United Arab Emirates showed notable growth in consumption and production rates. Imports and exports also experienced fluctuations, with the Netherlands and the United States as the major players in the market. Price trends and growth rates for imports and exports are also analyzed over the years.
Market Forecast
Driven by rising demand for endless machinery band worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 32M square meters by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $572M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Endless Bands For Machinery, Of Stainless Steel
In 2022, the amount of endless bands for machinery, of stainless steel consumed worldwide shrank modestly to 30M square meters, flattening at the year before. Overall, consumption showed a perceptible decrease. As a result, consumption reached the peak volume of 52M square meters. From 2015 to 2022, the growth of the global consumption failed to regain momentum.
The global endless machinery band market revenue reduced to $455M in 2022, falling by -2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a deep contraction. As a result, consumption attained the peak level of $1.2B. From 2015 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Romania (6.7M square meters), the Netherlands (6M square meters) and China (3M square meters), together comprising 52% of global consumption. Spain, France, the United Arab Emirates, the United States, Germany, South Africa, Indonesia, Ireland, the UK and Italy lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United Arab Emirates (with a CAGR of +45.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Romania ($197M) led the market, alone. The second position in the ranking was taken by the Netherlands ($72M). It was followed by China.
In Romania, the endless machinery band market decreased by an average annual rate of -11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+4.1% per year) and China (-0.0% per year).
The countries with the highest levels of endless machinery band per capita consumption in 2022 were Romania (353 square meters per 1000 persons), the Netherlands (345 square meters per 1000 persons) and Ireland (125 square meters per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United Arab Emirates (with a CAGR of +44.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Endless Bands For Machinery, Of Stainless Steel
In 2022, the amount of endless bands for machinery, of stainless steel produced worldwide was estimated at 28M square meters, approximately equating the previous year's figure. In general, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 106% against the previous year. As a result, production attained the peak volume of 50M square meters. From 2015 to 2022, global production growth failed to regain momentum.
In value terms, endless machinery band production expanded markedly to $331M in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. Global production peaked at $526M in 2012; however, from 2013 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were Romania (6.7M square meters), the Netherlands (6.6M square meters) and China (3.3M square meters), with a combined 60% share of global production. The United Arab Emirates, South Africa, France, Sweden and the UK lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the United Arab Emirates (with a CAGR of +44.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Endless Bands For Machinery, Of Stainless Steel
Global endless machinery band imports contracted modestly to 9.9M square meters in 2022, remaining stable against 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 39%. Global imports peaked at 10M square meters in 2021, and then dropped in the following year.
In value terms, endless machinery band imports amounted to $109M in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Global imports peaked in 2022 and are expected to retain growth in the near future.
Imports By Country
In 2022, the United States (1.7M square meters), distantly followed by Spain (945K square meters), the Netherlands (749K square meters), Indonesia (701K square meters), Ireland (634K square meters) and Germany (535K square meters) were the major importers of endless bands for machinery, of stainless steel, together achieving 53% of total imports. Mexico (376K square meters), Botswana (311K square meters), Lesotho (295K square meters), Denmark (258K square meters), Italy (246K square meters) and France (160K square meters) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +36.1%), 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 ($13M), the Netherlands ($10M) and Mexico ($6.4M), together accounting for 27% of global imports. Spain, France, Germany, Italy, Denmark, Indonesia, Ireland, Botswana and Lesotho lagged somewhat behind, together accounting for a further 27%.
In terms of the main importing countries, Denmark, with a CAGR of +27.7%, 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 $11 per square meter in 2022, growing by 5.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $13 per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($34 per square meter), while Lesotho ($0.8 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Endless Bands For Machinery, Of Stainless Steel
For the sixth consecutive year, the global market recorded growth in overseas shipments of endless bands for machinery, of stainless steel, which increased by 9.5% to 7.5M square meters in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 23% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, endless machinery band exports rose markedly to $94M in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2015 indices. The pace of growth was the most pronounced in 2018 when exports increased by 12% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports By Country
The shipments of the seven major exporters of endless bands for machinery, of stainless steel, namely the United Arab Emirates, the Netherlands, South Africa, Sweden, the United States, Italy and China, represented more than two-thirds of total export.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +42.6%), while the other global leaders experienced more modest paces of growth.
In value terms, the Netherlands ($20M) remains the largest endless machinery band supplier worldwide, comprising 21% of global exports. The second position in the ranking was taken by the United States ($9.8M), with a 10% share of global exports. It was followed by Italy, with a 7.3% share.
From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+1.6% per year) and Italy (+0.3% per year).
Export Prices By Country
The average endless machinery band export price stood at $13 per square meter in 2022, remaining relatively unchanged against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, endless machinery band export price decreased by -17.0% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 43%. Over the period under review, the average export prices attained the peak figure at $15 per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($16 per square meter), while the United Arab Emirates ($1.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global endless machinery band market. 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 25931313 - Endless bands for machinery, of stainless steel
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
This report provides an in-depth analysis of the global endless machinery band market.
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