Australia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Australia

The Australian shaft coupling market soared to $X in 2022, rising by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Shaft Coupling Exports

Exports from Australia

Shaft coupling exports from Australia amounted to X tons in 2022, surging by 1.7% on 2021. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports rose notably to $X in 2022. Overall, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 78%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and the United States (X tons) were the main destinations of shaft coupling exports from Australia, together accounting for 50% of total exports. China, Indonesia, Singapore, South Africa, France, Belgium, the Philippines and New Caledonia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Australia were New Zealand ($X), Papua New Guinea ($X) and the United States ($X), with a combined 50% share of total exports. China, Indonesia, Singapore, South Africa, France, Belgium, the Philippines and New Caledonia lagged somewhat behind, together accounting for a further 33%.

South Africa, with a CAGR of +18.0%, saw the highest growth rate of 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 shaft coupling export price stood at $X per ton in 2022, with an increase of 6.7% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling export price increased by +8.7% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Singapore ($X per ton), while the average price for exports to New Caledonia ($X per ton) and France ($X per ton) were 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 (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Australia

Shaft coupling imports into Australia surged to X tons in 2022, rising by 25% compared with the previous year. In general, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports totaled $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of shaft coupling imports to Australia, together comprising 68% of total imports. Italy, Japan, the UK, Austria, Sweden, India and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Australia were the United States ($X), Germany ($X) and China ($X), together accounting for 67% of total imports. Italy, Japan, the UK, Austria, Sweden, India and Spain lagged somewhat behind, together comprising a further 23%.

Italy, with a CAGR of +6.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, waning by -12% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and the United States ($X per ton), while the price for Austria ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :