Continuous conveyors for underground use market in Italy

Earlier Report Observations

The market for continuous conveyors for underground use in Italy opened the period with a volume of 7 747 units in 2018, which declined slightly to 7 529 units in 2019 while the market value increased to USD 495.0 million, reflecting a shift toward more technologically advanced and higher-value equipment. Underlying this activity were demographic factors and increased investment in modernizing aging industrial infrastructure. The market then contracted significantly to 6 764 units worth USD 433.7 million in 2020, primarily due to the impact of the COVID-19 pandemic, which slowed construction and modernization projects, coupled with widespread disruptions in supply chains for materials and components.

Post-2020, the market entered a recovery phase, reaching 6 882 units by 2024 with a substantial rise in value to USD 573.4 million. This growth was driven by rising demand for reinforced rubber and textile conveyor belts for underground and mining applications, accelerated by the integration of IoT, real-time monitoring, and predictive maintenance technologies. Strategic partnerships between Italian and international companies further advanced the availability of specialized solutions. However, supply chain interruptions and delays in component deliveries, noted in 2024, continued to influence production and temper the pace of expansion.

Production continuous conveyors for underground use in Italy

In value, 2017-2020, M $ US

In Italy, the production value of continuous conveyors for underground use reached 433.1 million US dollars in 2020, marking a 12.3% decrease from the previous year. Looking at the period from 2017 to 2020, overall production declined by 8%, with a compound annual growth rate of -2.8%. The lowest value was recorded in 2018 at 409.4 million US dollars, while the peak occurred in 2019 at 493.5 million US dollars. The most significant drop was in 2018, with a 13.1% decrease, whereas the largest increase was in 2019, rising by 20.6%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, unit

Italy produced 5,987 units of continuous conveyors for underground use in 2020, representing a sharp year-on-year decline of 20.1%. Over the 2017-2020 period, production fell by 18.6%, with a compound annual growth rate of -6.6%. The highest output was in 2019, with 7,492 units, and the largest increase occurred that same year, at 22.9%.

Annual dynamics of production in Italy in kind, 2017-2020, unit

Exports continuous conveyors for underground use from Italy

Exports in kind, unit

The market displayed an unstable trend throughout the timeframe. Export volumes hit their lowest point in 2018 at 77.00 units, then surged to a peak in 2019 at 1,769.31 units, creating a top-to-bottom ratio of 23 times. In 2020, Italy's exports of continuous conveyors for underground use totaled 109.06 units, a dramatic 93.8% drop compared to 2019. The largest increase was recorded in 2019, at 2,197.8%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, unit

From 2017 to 2020, the United Kingdom and China were the dominant destinations for Italy's exports of continuous conveyors for underground use in kind, jointly accounting for 85.7% of total flows, while other countries held much smaller shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, K $ US

The market showed signs of volatility over the observed period. Export volumes in value terms reached their minimum in 2020 at 100,000 US dollars and peaked in 2018 at 1,672,000 US dollars, reflecting a 17-fold shift. In 2020, the value of exported continuous conveyors for underground use from Italy was 90.9% lower than the previous year. The largest increase occurred in 2018, rising by 229.2%.

Annual dynamics of product's exports from Italy in value, 2017-2020, K $ US

Between 2017 and 2020, the United Kingdom, Mexico, and China were the largest buyers of continuous conveyors for underground use from Italy in value terms, with shares of 25.1%, 22.9%, and 19.8% respectively. Together, they accounted for 67.8% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports continuous conveyors for underground use to Italy

Imports in kind, unit

The market showed signs of volatility over the observed period. Import volumes were at their lowest in 2020 at 886.40 units and highest in 2017, resulting in a 6.6-fold gap. In 2020, cross-border shipments of continuous conveyors for underground use to Italy were 50.9% weaker compared to 2019. The largest decline was in 2018, at 70.4%, while the largest increase was in 2019, at 4.5%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, unit

Structure of product's imports in kind by countries, 2017-2020

Imports in value, K $ US

There were noticeable fluctuations in market performance during the period. Import volumes in value terms declined to their lowest level in 2020 at 733,000 US dollars, after peaking in 2018 at 10,374,000 US dollars, with a top-to-bottom ratio of 14.2 times. In 2020, the value of imported continuous conveyors for underground use to Italy was 71.1% less than in 2019. The largest decline occurred in 2019, at 75.5%, and the largest increase was in 2018, at 1.8%.

Annual dynamics of product's imports to Italy in value, 2017-2020, K $ US

Throughout 2017 to 2020, Switzerland and China remained the primary suppliers of continuous conveyors for underground use to Italy in value terms, with a combined share of 82.7% of total imports, while other countries made up the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020