Netherlands: Transmission Shaft Market 2024

Transmission Shaft Market Size in the Netherlands

The Dutch transmission shaft market fell to $X in 2022, shrinking by -11% against the previous year. In general, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Transmission Shaft Production in the Netherlands

In value terms, transmission shaft production reduced notably to $X in 2022 estimated in export price. In general, production faced a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Transmission Shaft Exports

Exports from the Netherlands

In 2022, shipments abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 3.3% to X tons, rising for the sixth consecutive year after two years of decline. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 26%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, transmission shaft exports reached $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 28% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for transmission shaft exports from the Netherlands, accounting for a 27% share of total exports. Moreover, transmission shaft exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.1% per year) and Belgium (+5.0% per year).

In value terms, the largest markets for transmission shaft exported from the Netherlands were Germany ($X), the United States ($X) and Belgium ($X), together comprising 30% of total exports. France, China, Italy, the UK, Spain, Poland, Australia, Sweden, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

China, with a CAGR of +20.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 5.3% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into the Netherlands

In 2022, overseas purchases of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain decreased by -2.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, transmission shaft imports shrank modestly to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of transmission shaft imports to the Netherlands, with a combined 67% share of total imports. Italy, Japan, Taiwan (Chinese), Denmark, the UK, Finland, the United States, France and Brazil lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to the Netherlands were Germany ($X), China ($X) and Belgium ($X), with a combined 50% share of total imports. Italy, Japan, the United States, Taiwan (Chinese), Finland, the UK, France, Denmark and Brazil lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Denmark, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average transmission shaft import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a slight setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 5.1% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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