In 2023, Germany led European imports of rubber transmission belts in trapezoidal and striped configurations, accounting for 25.38% of the total share. Belgium and France followed with 13.9% and 10.55%, respectively. Noteworthy year-on-year increases were seen in the United Kingdom (6.74%) and Romania (10.13%). Conversely, Italy and Spain experienced significant declines at -8.7% and -5.5%, respectively. Luxembourg and Malta showed promising growth, albeit from a smaller base, with increases of 10.74% and 12.06%.
Future trends to watch include continued growth in Germany's import share due to its strong industrial base. Watch for the United Kingdom's import trends, which could signal post-Brexit economic adjustments. Additionally, observe potential shifts in Eastern European markets like Romania and Latvia, which might emerge as important players due to increased economic activities and investments.
Top countries in Import of Rubber Transmission Belts of Trapezoidal and Striped Configuration Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.38 | 2023 | +2.75% | +1.38% | View data |
| 2 | 2 Belgium | 13.9 | 2023 | +1.55% | -0.67% | View data |
| 3 | 3 France | 10.55 | 2023 | -0.14% | +0.24% | View data |
| 4 | 4 United Kingdom | 9.83 | 2023 | +2.48% | +6.74% | View data |
| 5 | 5 Spain | 7.35 | 2023 | +7.31% | -5.5% | View data |
| 6 | 6 Italy | 5.86 | 2023 | -4.34% | -8.7% | View data |
| 7 | 7 Poland | 5.32 | 2023 | +1.81% | -1.89% | View data |
| 8 | 8 Hungary | 2.98 | 2023 | +2.62% | +4.7% | View data |
| 9 | 9 Netherlands | 2.89 | 2023 | +2.53% | +3.38% | View data |
| 10 | 10 Sweden | 2.63 | 2023 | +0.65% | -1.49% | View data |
