Historical industry overview
This article was originally published on 28 November 2017. Its statistics and forecasts describe that period.
Industry applications
After more than 50 years of development, China’s rubber hose and belt industry became an important supplier to other sectors. Mechanization and new materials expanded applications across coal, metallurgy, cement, ports, mining, petroleum, automotive, textiles, light industry, construction machinery, marine, agriculture, aviation and aerospace.
Production and market development
The source reports 812 manufacturers of a certain scale and annual output of 360 million m² of conveyor belts, 2.1 billion Am of V-belts and 660 million Bm of rubber hoses. The Am and Bm measures are reproduced as stated in the original article.
2010 figures
The article reports industry revenue of RMB 22.362 billion, more than twice the level at the end of the Tenth Five-Year Plan; gross industrial output of RMB 23.092 billion, up 31.99% year on year; and total profit of RMB 1.617 billion, up 31.83%.
Research and development
The source describes improvements in compounds, processes, performance and costs, alongside new products and technologies. It states that some domestically produced hoses and belts had approached or reached international performance levels, supporting export opportunities.
Outlook in the source period
The article expected continued economic and industrial development during the Twelfth Five-Year Plan to create opportunities for the hose and belt industry. Its final sales-forecast amount has an incomplete unit in the original text and is not presented as a usable market figure here.