In 2023, Germany imported approximately 2.23 million kilograms of transmission or conveyor belts or belting of textile. The forecasted import volumes for 2024 through 2028 show a gradual decline: 2.211 million kg in 2024, 2.1925 million kg in 2025, 2.1745 million kg in 2026, 2.1567 million kg in 2027, and 2.1394 million kg in 2028. This represents slight year-on-year declines of around 0.8%, 0.8%, 0.82%, and 0.8% consecutively. Over the five-year period, the compound annual growth rate (CAGR) is approximately -0.72%, indicating a small but steady downward trend.
Future trends to watch for include the impact of technological advancements in industrial automation, shifts towards eco-friendly materials, and potential changes in manufacturing hubs. These factors may influence demand and overall import volumes. Germany’s commitment to environmental sustainability could also impact the types of textiles used in these products, affecting overall import patterns.
