Conveyor or transmission belts market in Denmark

Earlier Report Observations

From 2018 to 2021, the market volume for vulcanised rubber conveyor or transmission belts in Denmark grew from 729 t to 2 134 t, nearly tripling in size. This expansion occurred within a mature market serving key domestic industries such as agriculture, food processing, manufacturing, and logistics, which maintained steady demand for belting in conveyor systems and power transmission.

After peaking at 2 207 t in 2022, the market volume contracted to 1 296 t in 2023 and further to 1 029 t in 2024. During this period, Denmark consolidated its role as a leading global exporter, with 22 active suppliers including major international firms, which influenced domestic supply dynamics.

In value terms, the market fluctuated between $22 million and $28.5 million, reaching its highest point in 2021. The broader market context has been shaped by global trends such as rising industrial automation and demand for energy-efficient belts, which affect production and consumption patterns.

Production conveyor or transmission belts in Denmark

In value, 2018-2021, K $ US

After a two-year decline, Denmark's production of conveyor or transmission belts rebounded. In 2021, output reached 21 226 K $ US, marking an 18.3% increase from the previous year. Over the period from 2018 to 2021, production grew by 4.8%, averaging an annualized rate of 1.6%. The lowest value was recorded in 2020 at 17 945 K $ US, which also saw the largest decline of 8.4%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

The market exhibited significant volatility during these years. Production volumes hit their lowest point in 2018 and peaked in 2021, with the peak volume being 2.1 times higher than the lowest. In 2021, Denmark produced 906.9 t of conveyor or transmission belts, representing a moderate 7.7% increase from 2020. The largest decline occurred in 2020 at 0.7%, while the largest increase was recorded in 2019 at 96.6%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports conveyor or transmission belts from Denmark

Exports in kind, t

Following a two-year decrease, Denmark's export volume of conveyor or transmission belts increased. In 2021, Denmark exported 1 038 t, corresponding to a 21.3% gain compared to the previous year. Over the 2018-2021 period, exports decreased by 4.3%, with a compound annual growth rate of 1.4%. The minimum value was recorded in 2020 at 855 t, and the largest decline occurred in 2019 at 16.8%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

The structure of exports in kind from 2018 to 2021 indicates a diversified set of trading partners. Germany accounted for 25.4% of exports in kind, Norway for 12.3%, and Sweden for 10.5%, together making up 48.2% of total flows. The remaining 51.8% was distributed among numerous smaller markets.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Conveyor or transmission belts exports from Denmark increased for the second consecutive year. In 2021, exports amounted to 19 478 K $ US, marking a 26.4% increase compared to the previous year. Between 2018 and 2021, exports grew by 18.7%, equating to an annualized rate of 5.9%. The minimum value was recorded in 2019 at 14 314 K $ US, which also saw the largest decline of 12.8%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Denmark's export portfolio for conveyor or transmission belts was broad. Germany contributed 23.0% of exports in value terms, Norway 9.9%, and Sweden 9.4%, together accounting for 42.3% of total exports. Many other countries held smaller but notable shares.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports conveyor or transmission belts to Denmark

Imports in kind, t

Cross-border shipments of conveyor or transmission belts to Denmark increased for the second consecutive year. In 2021, import volume registered 2 265 t, up by 65.2% from the previous year. Over the 2018-2021 period, imports increased by 63.9%, with a compound annual growth rate of 17.9%. The minimum value was recorded in 2019 at 1 220 t, which also saw the largest decline of 11.8%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany accounted for 43.2% of imports in kind, the Netherlands for 20.0%, and China for 7.3%, together comprising 70.6% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

After a two-year decline, imports of conveyor or transmission belts to Denmark increased. In 2021, Denmark imported 26 713 K $ US, constituting a steep 37.2% increase compared to the previous year. Over the 2018-2021 period, imports grew by 11.5%, with a compound annual growth rate of 3.7%. The minimum value was recorded in 2020 at 19 473 K $ US, and the largest decline occurred in 2019 at 16.9%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Germany remained the principal supplier with 37.3% of imports in value terms, followed by the Netherlands at 10.8% and Belgium at 9.8%, jointly accounting for 58.0% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021