In 2023, Germany dominated European exports of rubber synchronous belts with 4.9286 million kilograms, experiencing a 4.27% decline. Italy followed with 2.9774 million kilograms, marking a significant 14.3% decrease. The United Kingdom and Belgium showed minor decreases, while France declined by 6.95%. Notably, Romania increased by 1.66%, and countries like Sweden, Denmark, Austria, and Finland showed positive momentum. Noteworthy trends include Portugal's substantial 33.1% increase and Slovakia's 30.81% growth. Over the past five years, the average annual change (CAGR) illustrates fluctuating trends across countries.
Future trends to watch include Germany sustaining its lead despite minor contractions, and the recovery or decline in Italy and the UK. Growth potential in smaller markets such as Portugal, Slovakia, and Denmark due to positive trajectory is anticipated. Observing shifts in global demand for automotive and machinery components will be crucial for forecasting export dynamics.
Top countries in Export of Rubber Synchronous Belts by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,928,600 | 2023 | +1.5% | -4.27% | View data |
| 2 | 2 Italy | 2,977,400 | 2023 | -8.98% | -14.3% | View data |
| 3 | 3 United Kingdom | 1,563,800 | 2023 | -0.17% | -2.06% | View data |
| 4 | 4 Belgium | 951,820 | 2023 | -1.33% | -0.42% | View data |
| 5 | 5 France | 719,770 | 2023 | +4.84% | -6.95% | View data |
| 6 | 6 Romania | 489,940 | 2023 | +3.59% | +1.66% | View data |
| 7 | 7 Poland | 274,770 | 2023 | -4.52% | -7.8% | View data |
| 8 | 8 Sweden | 265,860 | 2023 | +1.93% | +9.88% | View data |
| 9 | 9 Spain | 154,480 | 2023 | -2.33% | -7.05% | View data |
| 10 | 10 Netherlands | 102,290 | 2023 | +4.56% | -1.44% | View data |
