Czech Republic: Shaft Coupling Market 2024

Shaft Coupling Market Size in the Czech Republic

In 2022, the Czech shaft coupling market decreased by -6.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Shaft coupling consumption peaked at $X in 2021, and then dropped in the following year.

Shaft Coupling Production in the Czech Republic

In value terms, shaft coupling production expanded sharply to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 373%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from the Czech Republic

In 2022, shipments abroad of clutches and shaft couplings was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, saw a pronounced reduction. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports expanded sharply to $X in 2022. Overall, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for shaft coupling exports from the Czech Republic, accounting for a 89% share of total exports. Moreover, shaft coupling exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -2.7%.

In value terms, Germany ($X) remains the key foreign market for clutches and shaft couplings exports from the Czech Republic, comprising 76% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -2.3%.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, shrinking by -7.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.1%).

Shaft Coupling Imports

Imports into the Czech Republic

In 2022, overseas purchases of clutches and shaft couplings were finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. In general, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports rose modestly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of shaft coupling to the Czech Republic, accounting for a 86% share of total imports. Moreover, shaft coupling imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and China (+7.4% per year).

In value terms, Germany ($X) constituted the largest supplier of clutches and shaft couplings to the Czech Republic, comprising 73% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.6% per year) and China (+17.6% per year).

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, dropping by -5.5% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 increased by +15.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 29%. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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