Austria: Shaft Coupling Market 2024

Shaft Coupling Market Size in Austria

The Austrian shaft coupling market shrank to $X in 2022, with a decrease of -2.9% against the previous year. In general, consumption saw a mild decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Shaft Coupling Production in Austria

In value terms, shaft coupling production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Shaft Coupling Exports

Exports from Austria

In 2022, overseas shipments of clutches and shaft couplings decreased by -14.3% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports recorded a mild slump. The pace of growth was the most pronounced in 2018 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, shaft coupling exports declined to $X in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 28%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Germany (X tons) and Finland (X tons) were the main destinations of shaft coupling exports from Austria, with a combined 48% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +66.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Austria were Germany ($X), Denmark ($X) and the United States ($X), with a combined 53% share of total exports.

Denmark, with a CAGR of +54.3%, saw the highest growth rate of the value of exports, in terms of 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, surging by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Finland ($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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Austria

Shaft coupling imports into Austria fell to X tons in 2022, with a decrease of -6% against the previous year. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports reduced to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of shaft coupling to Austria, accounting for a 63% share of total imports. Moreover, shaft coupling imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. China (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and China (+14.1% per year).

In value terms, Germany ($X) constituted the largest supplier of clutches and shaft couplings to Austria, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Switzerland, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and Switzerland (+13.1% per year).

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, declining by -6.4% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling import price decreased by -6.2% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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