In the competitive landscape of the manufacturing industry, conveyor belt fasteners or machinery belt makers require every advantage they can get. Enter export data, a goldmine of insights ready to be uncovered. But how can you turn raw data into valuable intelligence that drives business growth? Let's dive deeper into conveyor belt fasteners export data, including information such as the quantity, value, destination, HS codes, and export destinations of conveyor belt fasteners.
However, analyzing conveyor belt fastener export data can assist manufacturers, suppliers, and distributors in making more informed decisions, giving them a competitive advantage. In this blog, we will discuss the significant methods of using conveyor belt fastener exporters data to gain a competitive advantage:
Let’s dive into the market-size machinery belts in India!
What is the size of the conveyor belt market in India?
Did you know? A conveyor belt is a looping belt powered by and wound around one or more pulleys. It is powered by an electric motor and supported by a metal plate bed or rollers on which the conveyor belt is installed.
According to IMARC Group's most recent analysis of global trade data, "India Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the India conveyor belt market will be worth US$ 503.1 million by 2022.
| Year | Market Value (US$ Million) |
| 2022 | 503.1 |
| 2023 (projected) | 530.8 |
| 2024 (projected) | 559.8 |
| 2025 (projected) | 590.3 |
| 2026 (projected) | 622.2 |
| 2027 (projected) | 655.6 |
| 2028 (projected) | 709.6 |
Now, let’s talk about the significance of machinery belts!
Why Conveyor Belt Fasteners are Important?
Conveyor belts are vital in modern industrial operations because they allow for the efficient and automated transfer of goods and commodities. They are typically built of long-lasting rubber, polyvinyl chloride (PVC), or steel. They include numerous critical components, such as the belt, pulleys, and a motor that powers the device.
The conveyor belt market in India is booming, thanks to the country's constantly expanding manufacturing sector. The growing demand for effective material handling solutions has significantly increased the adoption of conveyor belts in various industries, including automotive, food processing, pharmaceuticals, and logistics, driving market expansion.
Let's take a look at updated conveyor belt fasteners export data!
Conveyor Belt Fasteners Export Data: 2023-24
According to conveyor belt fastener export data, belt fastener export shipments from India totalled 2K, shipped by 319 Indian exporters to 636 buyers.
Based on machinery belts export data, India exports most of its belt fasteners to Sri Lanka, Kenya, and the United Arab Emirates and is the world's second-largest supplier of belt fasteners.
China is the largest exporter of belt fasteners, with 3,496 shipments, followed by India with 2,028, and Vietnam is in third place with 1,130 loads.
However, the top three product categories and HS codes for conveyor belt fasteners exports from India are:
- HSN Code 73269020
- HSN Code 73181500
- HSN Code 73269099
Eximpedia.app provides the most recent, authentic, and reliable conveyor belt fasteners export data. It will aid you in various ways, including the ability to develop competitive analysis studies on belt fastener exporters, ports, suppliers, and importers. We collect Belt Fastener Export statistics from over 190 Indian Export Ports (Sea, Air, ICD, and SEZ).
Indian conveyor belt fasteners export data includes valuable information for merchants, such as the bill of entry date, HS code, shipping date, product description, Indian Exportport name, value, and number of products. You may examine the data and create an analysis report based on the top exporters, purchasers, and destination countries.
Also read: Major products Export from USA to India
Now, explore the top conveyor belt fasteners exporting countries!
Conveyor Belt Fasteners Exporting Countries
These are the top belt fastener exporters in the world:
- India
- USA
- Vietnam
- China
- UK
- Italy
- Argentina
- Colombia
- Greece
- Kenya
- Congo
- Mauritius
- South Africa
- Tunisia
- Namibia
- Cameroon
- Australia
- New Zealand
- Indonesia
- Turkey
- Israel
- Saudi Arabia
However, the top 3 belt fastener exporters in the world are:
Analysis of Leading Belt Fastener Exporters:
Based on the conveyor belt fasteners export data, here's a look at the top three belt fastener exporters and some possible conclusions:
- China:
- Holds the lead with 3,496 shipments, nearly doubling India's exports.
- It indicates a well-established, potentially large-scale manufacturing industry for belt fasteners in China.
- Further analysis could show characteristics such as cost competitiveness, production capacity, and existing trade networks that contribute to their advantage.
- India:
- It became the second-largest exporter, with 2,028 cargoes.
- It demonstrates a prominent and likely expanding position in the global belt fastener industry.
- Analyzing export destinations and product categories could help identify India's strengths and target markets.
- Vietnam:
- With 1,130 shipments, it secures the third spot.
- This points to a prospective and fast-growing export market for belt fasteners in Vietnam.
- Exploring development trends and factors such as government support or a specific product niche may provide significant insights.
Trends and Opportunities for Belt Fasteners:
- Identifying Emerging Markets: Conveyor belt fasteners export data can reveal emerging markets where demand for conveyor belt fasteners is growing. By identifying these markets early, companies can allocate resources to establish a presence and capture market share before competitors.
- Understanding Market Trends: Analysis of export data can help identify market trends, such as shifting demand for specific types of fasteners or changes in customer preferences. This information can guide product development and marketing strategies to better meet customer needs.
- Optimizing Supply Chain: Conveyor belt fasteners export data can provide insights into the supply chain's flow of goods and materials. By analyzing this data, companies can identify bottlenecks and inefficiencies and take corrective actions to improve the efficiency of their supply chain.
- Forecasting Demand: When combined with other market information, conveyor belt fasteners exporters data can be used to forecast future demand for conveyor belt fasteners. It can help companies plan production and inventory levels to meet future demand effectively.
How to find Conveyor Belt Fasteners export import Data?
To find the most accurate and updated conveyor belt fasteners export import data, you must visit the Eximpedia.app platform to analyze the global conveyor belt exporters and importers. Additionally, Eximpedia makes it easy to locate the top belt fasteners importing and exporting countries.
Using conveyor belt fasteners export import data can provide businesses with helpful information that can help them obtain a competitive advantage in the market. Companies can use good data analysis to find opportunities, manage risks, and make educated decisions that promote business success. If you are a business owner looking for updated conveyor belt fasteners export data and insights for conveyor belt fasteners from India, please get in touch with our dedicated team and schedule a free live demo now!
FAQ’s
Q1. What is the HS code for conveyor belt fasteners?
The top three product categories and HS codes for conveyor belt fastener exports from India are:
HSN Code 73269020
HSN Code 73181500
HSN Code: 73269099
Q2. Where is the world's largest conveyor belt?
The 31 km (19.3 mile) flight of the 51 km (31.6 mile) conveyor belt system connecting Mt. Saddleback mine and Worsley refinery near Collie, Western Australia, is the world's biggest single conveyor belt.
Q3. Who are the conveyor belt fastener importers?
As per conveyor belt fasteners import data, India is the largest importer of conveyor belt fasteners, with 218 shipments, followed by Kenya with 126, and Vietnam in third place with 126 shipments.
Q4. Which belt fastener products are exported from India ?
As per Belt fastener exporters data, Belt fastener-related products, including fasteners, self-drilling fasteners, plastic special design fasteners, hex socket head screws, and machine screws, are exported from India.
Q5. Where does India export belt fasteners to ?
According to India export data for belt fasteners, Sri Lanka had the most share with 235 shipments, followed by Kenya with 175 and the United Arab Emirates in third with 128 shipments.
