Germany leads the global export market for transmission belts of rubber, accounting for 19.36% of the total share, followed by China at 10.23%, and the United States at 9.53%. Prominent growth in exports year-on-year was noted for Thailand with a 3.12% increase, and strong performance in the Philippines, El Salvador, Cyprus, and Kazakhstan indicated respective growth of over 10%. Meanwhile, Poland, Canada, and India experienced notable declines in exports. In the broader context of a five-year analysis, countries such as Lithuania and Ireland demonstrated consistent upward trends.
Future trends to watch include the continuous growth of Asian markets, particularly in China and Thailand, which are likely to increase their export shares substantially. Export growth is likely to be largely influenced by advancements in automotive and industrial sectors, pushing the demand for transmission belts. Additionally, geopolitical factors and trade policies will play crucial roles in shaping global export patterns.
Top countries in Export of Transmission Belts of Rubber Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.36 | 2023 | +1.84% | +1.68% | View data |
| 2 | 2 China | 10.23 | 2023 | +2.95% | +2.68% | View data |
| 3 | 3 United States | 9.53 | 2023 | +1.82% | +2.29% | View data |
| 4 | 4 Belgium | 7.83 | 2023 | +1.85% | +1.74% | View data |
| 5 | 5 Japan | 6.92 | 2023 | +0.22% | +0.3% | View data |
| 6 | 6 France | 5.13 | 2023 | +2.49% | +2.61% | View data |
| 7 | 7 Thailand | 4.46 | 2023 | +2.5% | +3.12% | View data |
| 8 | 8 Italy | 4.42 | 2023 | +0.87% | +0.6% | View data |
| 9 | 9 Spain | 4.31 | 2023 | +2% | +1.55% | View data |
| 10 | 10 Mexico | 4.27 | 2023 | +0.26% | +0.6% | View data |
