Benelux: Transmission Shaft Market 2024

Transmission Shaft Market Size in Benelux

The Benelux transmission shaft market expanded rapidly to $X in 2022, picking up by 13% against the previous year. Overall, consumption, however, showed a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Transmission Shaft Production in Benelux

In value terms, transmission shaft production reduced notably to $X in 2022 estimated in export price. In general, production, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Transmission Shaft Exports

Exports in Benelux

In 2022, after three years of growth, there was significant decline in overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, when their volume decreased by -29.3% to X tons. Overall, exports saw a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 18%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, transmission shaft exports contracted rapidly to $X in 2022. In general, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) represented the key exporter of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Benelux, mixing up 100% of total export.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +5.6%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, the Netherlands, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, picking up by 8.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%).

Transmission Shaft Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in overseas purchases of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, when their volume decreased by -22.5% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, transmission shaft imports dropped sharply to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

The Netherlands represented the key importer of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Benelux, with the volume of imports reaching X tons, which was near 67% of total imports in 2022. It was distantly followed by Belgium (X tons), committing a 32% share of total imports.

The Netherlands was also the fastest-growing in terms of the transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain imports, with a CAGR of +5.7% from 2012 to 2022. Belgium (-5.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+28 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-27.6 p.p.) displayed negative dynamics.

In value terms, the largest transmission shaft importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, rising by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 4.5% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.3%).

Source: IndexBox Platform