In 2023, China's industrial economy as a whole showed a good trend of recovery, and the capacity utilization rate of rubber hose tape enterprises increased steadily. At the same time, the industrial development of the world's major economies and emerging economies has picked up, and the demand for hose tape products in overseas markets has further expanded, creating good conditions for the export environment of hose tape products in 2023 in China.

Overview of import and export of hose tape products in 2022-2023

1. Conveyor belt

According to the statistics of China's General Administration of Customs, in 2023, China's total conveyor belt imports fell by 2.4% (year-on-year, the same below) to US $31 million, the total imports increased by 39.1% to 10,800 tons, and the average import price fell by 29.8% to US $2.88 / kg.

The total exports of conveyor belt increased by 9.9% to $1.008 billion, the total exports increased by 13.1% to 445,100 tons, another record high, and the average export price fell 2.8% to $2.27 / kg.

2. Hose

In 2023, China's total imports of rubber hoses fell 8.8% to 503 million US dollars, the total imports fell 14.2% to 28,200 tons, and the average price increased by 6.3% to 17.84 US dollars/kg.

The total export volume of hose increased by 6.2% to $1.499 billion, the total export volume increased by 12.6% to 312,400 tons, another record high, and the average price fell by 5.8% to $4.8 / kg.

3. Transmission belt

In 2023, the total imports of China's transmission belt fell by 17% to $170 million, the total imports fell by 17.3% to 0.53 million tons, and the average price increased by 0.4% to $32.38 / kg.

Total exports of transmission belts decreased by 0.6% to US $521 million. Total exports decreased by 2.1% to 80,000 tons, and the average price increased by 1.5% to US $6.52 / kg.

4. Summary

Looking at the import and export of the entire rubber belt products in 2023, the total import of three types of conveyor belt, rubber hose, and transmission belt products is about 704 million US dollars, and the total export is about 3.028 billion US dollars, and the total export is 4.3 times the total import; The total import volume was about 44,300 tons, and the total export volume was about 837,500 tons, and the total export volume was nearly 19 times the total import volume. It can be seen that the scale of China's exports is much larger than the scale of imports, and from the import and export changes in recent years, China's exports of rubber tape products have shown a steady growth trend, while imports are still the overall trend of reduction, indicating that China's rubber tape products are actively expanding the market overseas at the same time, domestic substitution is also doing more and more excellent.