In 2023, China led the global export market for belt type continuous action goods conveyors or elevators, accounting for 44.03% of exports. Germany and Italy followed with 11.43% and 5.39% respectively, while the United Kingdom and South Korea contributed 4.33% and 4.2%. The data indicates dynamic changes: China saw a growth of 4.57% year-on-year, while Italy experienced a 6.22% increase. Conversely, South Korea's exports declined by 6.48%. Notably, smaller markets like Bosnia and Herzegovina and Macedonia saw significant growth, although they contribute a minor share of total exports.
Looking forward, potential trends to watch include China's continued dominance and potential shifts due to technological advancements or trade agreements adversely affecting South Korea and other declining markets. Emerging markets like Portugal and Macedonia, showing remarkable growth, may increase their global share if current trends persist.
Top countries in Export of Belt Type Continuous Action Goods Conveyor or Elevator Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.03 | 2023 | +5.5% | +4.57% | View data |
| 2 | 2 Germany | 11.43 | 2023 | +2.09% | +1.93% | View data |
| 3 | 3 Italy | 5.39 | 2023 | +3.04% | +6.22% | View data |
| 4 | 4 United Kingdom | 4.33 | 2023 | +3.86% | +3.38% | View data |
| 5 | 5 South Korea | 4.2 | 2023 | -6.73% | -6.48% | View data |
| 6 | 6 Netherlands | 3.92 | 2023 | +2.74% | +2.23% | View data |
| 7 | 7 Denmark | 2.8 | 2023 | +2.14% | +0.55% | View data |
| 8 | 8 Austria | 2.34 | 2023 | +0.054% | +0.91% | View data |
| 9 | 9 Slovakia | 1.85 | 2023 | +3.09% | +3.96% | View data |
| 10 | 10 Spain | 1.68 | 2023 | +1.78% | +1.76% | View data |
