Czech Republic: Transmission Shaft Market 2024

Transmission Shaft Market Size in the Czech Republic

In 2022, the Czech transmission shaft market increased by 12% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Transmission Shaft Production in the Czech Republic

In value terms, transmission shaft production surged to $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 101% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Transmission Shaft Exports

Exports from the Czech Republic

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported from the Czech Republic contracted to X tons, with a decrease of -7.4% against the year before. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transmission shaft exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Germany (X tons) was the main destination for transmission shaft exports from the Czech Republic, with a 53% share of total exports. Moreover, transmission shaft exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), eightfold. The third position in this ranking was taken by Slovakia (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.4% per year) and Slovakia (+6.0% per year).

In value terms, Germany ($X) remains the key foreign market for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports from the Czech Republic, comprising 48% of total exports. The second position in the ranking was held by Poland ($X), with a 6.2% share of total exports. It was followed by Italy, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.2% per year) and Italy (+3.6% per year).

Export Prices by Country

In 2022, the average transmission shaft export price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 Italy ($X per ton), while the average price for exports to Austria ($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 Hungary (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into the Czech Republic

In 2022, overseas purchases of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 0.3% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, transmission shaft imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest transmission shaft supplier to the Czech Republic, accounting for a 44% share of total imports. Moreover, transmission shaft imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.3% per year) and Italy (+2.0% per year).

In value terms, Germany ($X) constituted the largest supplier of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain to the Czech Republic, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Italy, with an 8.2% 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: China (+15.0% per year) and Italy (+3.2% per year).

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, shrinking by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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