The European export of rubber synchronous belts, measured in kilograms, exhibits a diverse distribution, with Germany leading at 38.72%, followed by Italy at 23.39% and the UK at 12.28%. Year-on-year, notable increases have occurred in smaller markets such as Denmark (14.85%) and Slovakia (30.81%), indicating potential growth opportunities. Conversely, Italy and Bulgaria have seen significant declines at 14.3% and 12.28% respectively, while Germany saw a 4.27% decrease, reflecting a potential shift in market dynamics.
Future trends to watch include increasing export shares from countries like Slovakia and Portugal due to their high recent growth rates. The broader market may see redistribution of export shares with smaller countries potentially gaining ground, influenced by technological advancements and shifts in demand patterns across Europe.
Top countries in Export of Rubber Synchronous Belts Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.72 | 2023 | +1.5% | -4.27% | View data |
| 2 | 2 Italy | 23.39 | 2023 | -8.98% | -14.3% | View data |
| 3 | 3 United Kingdom | 12.28 | 2023 | -0.17% | -2.06% | View data |
| 4 | 4 Belgium | 7.48 | 2023 | -1.33% | -0.42% | View data |
| 5 | 5 France | 5.65 | 2023 | +4.84% | -6.95% | View data |
| 6 | 6 Romania | 3.85 | 2023 | +3.59% | +1.66% | View data |
| 7 | 7 Poland | 2.16 | 2023 | -4.52% | -7.8% | View data |
| 8 | 8 Sweden | 2.09 | 2023 | +1.93% | +9.88% | View data |
| 9 | 9 Spain | 1.21 | 2023 | -2.33% | -7.05% | View data |
| 10 | 10 Netherlands | 0.8 | 2023 | +4.56% | -1.44% | View data |
