Market research

Conveyor or transmission belts market in Sweden

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2021, the Swedish conveyor and transmission belt market was shaped by companies focusing on specialized products for heavy-duty industries like mining, agriculture, and recycling. The development of advanced vulcanization services and adherence to international standards supported a rise in production value to 17 million USD by 2021. Market volume in physical terms dipped from 7 thousand tons in 2019 to 6.6 thousand tons in 2020 before recovering to 6.7 thousand tons in 2021, while the market value stabilized around 33-35 million USD.

Following 2021, belt imports peaked at 5.9 thousand tons in 2022 before contracting to 3.3 thousand tons by 2024. Export value grew steadily from 36 million USD in 2018 to 54 million USD in 2024, reflecting sustained external demand for Swedish products. Market players like Ulinco Vulctech and Rubber Company continued to emphasize solutions tailored for Nordic climates and demanding industrial environments, which helped maintain the sector's technical service capabilities and product specialization.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2019-2021
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2019-2021
2. 4.2. In value
  1. 4.2.1. Production, 2019-2021
  2. 4.2.2. Imports, 2018-2024
  3. 4.2.3. Exports, 2018-2024
  4. 4.2.4. Market size, 2019-2021
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2019-2021, t
  2. 5.1.2. In value, 2019-2021, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production conveyor or transmission belts in Sweden

In value, 2017-2020, K $ US

In 2020, Sweden's output of conveyor or transmission belts was valued at 15 237 thousand US dollars, marking a gradual rise of 6.5% compared to the previous year.

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	6.5%	-

Source: SHEV.io

In kind, 2017-2020, t

In 2020, Sweden produced 3 412 tonnes of conveyor or transmission belts, showing negligible variation from the previous year.

Annual dynamics of production in Sweden in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	0.4%	-

Source: SHEV.io

Exports conveyor or transmission belts from Sweden

Exports in kind, t

Conveyor or transmission belt exports from Sweden declined for the second consecutive year. In 2020, export volume totalled 1 358 tonnes, which is 13.0% lower year-on-year. Over the period from 2017 to 2020, exports decreased by 16.3%, with a compound annual growth rate of 5.8%. The maximum export volume was recorded in 2018 at 1 693 tonnes, with the largest increase of 4.3% also occurring in that year.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	(7.8%)	(13.0%)	(5.8%)

Source: SHEV.io

From 2017 to 2020, Norway, Finland, and India formed the core of Sweden's exports in kind, accounting for 28.3%, 16.3%, and 11.3% of exports respectively. Together, these three countries represented 55.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Foreign supplies of conveyor or transmission belts from Sweden increased for the third consecutive year. In 2020, export value amounted to 37 526 thousand US dollars, indicating an advance of 2.9% compared to the previous year. Between 2017 and 2020, exports increased by 5.1%, equating to an annualized rate of 1.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.7%	1.4%	2.9%	1.7%

Source: SHEV.io

Over the period from 2017 to 2020, Norway, Germany, and Finland were the largest buyers of conveyor or transmission belts from Sweden in value terms, accounting for 19.5%, 13.8%, and 12.2% of exports respectively. Together, these three countries represented 45.5% of total export value, with a broad background of smaller partners making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports conveyor or transmission belts to Sweden

Imports in kind, t

After a two-year uptick, Sweden's imports of conveyor or transmission belts declined. In 2020, import volume was recorded at 4 545 tonnes, equivalent to a drop of 12.6% from the previous year. Between 2017 and 2020, imports increased by 7.8%, equating to an annualized rate of 2.5%. The maximum import volume was recorded in 2019 at 5 200 tonnes, with the largest increase of 12.7% also occurring in that year.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.4%	12.7%	(12.6%)	2.5%

Source: SHEV.io

From 2017 to 2020, Germany, Hungary, and Finland remained the principal suppliers of conveyor or transmission belts to Sweden in kind, accounting for 45.0%, 21.2%, and 6.0% of imports respectively. Jointly, these three countries accounted for 72.2% of total import volume.

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

Source: SHEV.io

World map of product's imports to Sweden in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Conveyor or transmission belt shipments to Sweden from abroad declined for the second consecutive year. In 2020, import value totalled 55 667 thousand US dollars, which is 3.2% less than the previous year. The maximum import value was recorded in 2018 at 57 799 thousand US dollars, with the largest increase of 2.5% also occurring in that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.5%	(0.5%)	(3.2%)	(0.4%)

Source: SHEV.io

In the period from 2017 to 2020, three main markets — Germany, Italy, and Belgium — together absorbed 64.8% of the total import value of conveyor or transmission belts to Sweden.

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

Source: SHEV.io

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

Source: SHEV.io