China: Shaft Coupling Market 2024

Shaft Coupling Market Size in China

The Chinese shaft coupling market shrank markedly to $X in 2022, declining by -17.5% against the previous year. In general, consumption saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Shaft Coupling Production in China

In value terms, shaft coupling production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Shaft Coupling Exports

Exports from China

In 2022, approx. X tons of clutches and shaft couplings were exported from China; with an increase of 69% compared with the year before. In general, exports saw significant growth. The growth pace was the most rapid in 2019 with an increase of 88%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, shaft coupling exports expanded markedly to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +50.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), India (X tons) and Brazil (X tons) were the main destinations of shaft coupling exports from China, together comprising 31% of total exports. Mexico, Thailand, Russia, Indonesia, Italy, Vietnam, Egypt, Japan, South Africa and Germany lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +54.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from China were the United States ($X), India ($X) and Mexico ($X), together comprising 28% of total exports. Thailand, Brazil, Japan, Russia, Vietnam, Italy, Germany, Indonesia, Egypt and South Africa lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Egypt, with a CAGR of +23.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, with a decrease of -34% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Africa ($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 Japan (-12.9%), while the prices for the other major destinations experienced a decline.

Shaft Coupling Imports

Imports into China

In 2022, supplies from abroad of clutches and shaft couplings decreased by -14.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, shaft coupling imports fell to $X in 2022. In general, imports saw a mild decrease. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of shaft coupling imports to China, together comprising 70% of total imports. South Korea, Italy, Spain, Switzerland, the UK, France and Sweden lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +5.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of clutches and shaft couplings to China, comprising 43% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by the United States, with a 10% 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: Japan (-5.5% per year) and the United States (+0.8% per year).

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, surging by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 when the average import price increased by 15%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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