Belgium: Shaft Coupling Market 2024

Shaft Coupling Market Size in Belgium

In 2022, the Belgian shaft coupling market increased by 1.7% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Shaft Coupling Production in Belgium

In value terms, shaft coupling production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43%. Shaft coupling production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Belgium

In 2022, shipments abroad of clutches and shaft couplings decreased by -47% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 126%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shaft coupling exports shrank notably to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 67%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of shaft coupling exports from Belgium, with a combined 39% share of total exports. China, Italy, the United States, the UK, Poland, Finland, Austria, Spain, Brazil and Turkey lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +4.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Belgium were France ($X), Italy ($X) and Germany ($X), together comprising 38% of total exports. The Netherlands, the United States, Spain, China, the UK, Poland, Finland, Austria, Turkey and Brazil lagged somewhat behind, together accounting for a further 35%.

Poland, with a CAGR of +2.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, surging by 21% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +43.8% against 2020 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Belgium

After two years of growth, overseas purchases of clutches and shaft couplings decreased by -19.4% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, shaft coupling imports contracted markedly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of shaft coupling imports to Belgium, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +22.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest shaft coupling suppliers to Belgium were the Netherlands ($X), Germany ($X) and the United States ($X), together accounting for 72% of total imports.

The Netherlands, with a CAGR of +6.5%, recorded 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 a decline.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, growing by 3% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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