The 2023 European market for conveyor or transmission belts of vulcanised rubber was led by Italy, Poland, and Germany, with shares of 29.96%, 21.36%, and 18% respectively in kilograms. Year-on-year, Italy experienced significant growth at 22.93%, whereas Poland and Germany saw slight declines. Denmark showed notable growth at 21.52%, while France and Finland faced substantial decreases.
Looking forward, it is vital to watch technological advancements influencing production, shifts in manufacturing hubs due to economic and policy changes, and sustainability trends impacting material use and production methods. These factors could reshape market dynamics and influence growth trajectories across Europe.
Top countries in Sold Production of Conveyor or Transmission Belts or Belting of Vulcanised Rubber Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.96 | 2023 | +18.17% | +22.93% | View data |
| 2 | 2 Poland | 21.36 | 2023 | +0.92% | -0.94% | View data |
| 3 | 3 Germany | 18 | 2023 | -0.53% | -2.64% | View data |
| 4 | 4 Netherlands | 8.41 | 2023 | +6.6% | +12.84% | View data |
| 5 | 5 Hungary | 5.96 | 2023 | +1.33% | -0.95% | View data |
| 6 | 6 Romania | 4.33 | 2023 | -0.87% | +0.1% | View data |
| 7 | 7 Serbia | 3.71 | 2023 | +5.21% | +3.81% | View data |
| 8 | 8 Spain | 2.47 | 2023 | +5.71% | -0.32% | View data |
| 9 | 9 United Kingdom | 1.85 | 2023 | +1.59% | -0.35% | View data |
| 10 | 10 France | 1.07 | 2023 | -10.86% | -6.62% | View data |
