CIS: Shaft Coupling Market 2024

Shaft Coupling Market Size in CIS

The CIS shaft coupling market dropped to $X in 2022, remaining stable against the previous year. Over the period under review, consumption continues to indicate a mild contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in CIS

In value terms, shaft coupling production declined to $X in 2022 estimated in export price. Overall, production showed a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 15% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports in CIS

In 2022, the amount of clutches and shaft couplings exported in the CIS expanded significantly to X tons, increasing by 14% compared with 2021 figures. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +4.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 76%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, shaft coupling exports expanded sharply to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +83.5% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Russia (X tons) represented the largest exporter of clutches and shaft couplings, generating 49% of total exports. Belarus (X tons) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (19%). Armenia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Armenia (with a CAGR of +106.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest shaft coupling supplier in the CIS, comprising 65% of total exports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total exports. It was followed by Kazakhstan, with a 12% share.

In Russia, shaft coupling exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+4.2% per year) and Kazakhstan (+23.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, dropping by -7.3% against the previous year. Overall, the export price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.0%), while the other leaders experienced a decline in the export price figures.

Shaft Coupling Imports

Imports in CIS

In 2022, approx. X tons of clutches and shaft couplings were imported in the CIS; growing by 2.7% compared with the previous year. Overall, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2017 with an increase of 163% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports contracted slightly to $X in 2022. In general, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 167% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of clutches and shaft couplings in the CIS, with the volume of imports recording X tons, which was near 69% of total imports in 2022. Kazakhstan (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (11%). The following importers - Uzbekistan (X tons) and Kyrgyzstan (X tons) - each recorded a 3.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to shaft coupling imports into Russia stood at +1.9%. At the same time, Uzbekistan (+23.1%), Kyrgyzstan (+19.0%), Kazakhstan (+4.6%) and Belarus (+3.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.1% from 2012-2022. Kazakhstan (+2.2 p.p.) and Uzbekistan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -6.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported clutches and shaft couplings in the CIS, comprising 73% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total imports. It was followed by Belarus, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled -2.7%. In the other countries, the average annual rates were as follows: Kazakhstan (+6.2% per year) and Belarus (-1.4% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by -6.6% against the previous year. Over the period under review, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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