Denmark: Shaft Coupling Market 2024

Shaft Coupling Market Size in Denmark

The Danish shaft coupling market fell markedly to $X in 2022, which is down by -17.8% against the previous year. Over the period under review, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Shaft Coupling Production in Denmark

In value terms, shaft coupling production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 143% against the previous year. Shaft coupling production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Shaft Coupling Exports

Exports from Denmark

After three years of growth, overseas shipments of clutches and shaft couplings decreased by -3.5% to X tons in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 48%. As a result, the exports attained the peak of X tons, and then dropped modestly in the following year.

In value terms, shaft coupling exports reduced to $X in 2022. Overall, exports, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2021 when exports increased by 75%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for shaft coupling exports from Denmark, with a 39% share of total exports. Moreover, shaft coupling exports to the United States exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+31.3% per year) and Germany (-0.0% per year).

In value terms, the United States ($X) remains the key foreign market for clutches and shaft couplings exports from Denmark, comprising 31% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.2% per year) and Germany (+3.5% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 18%. The export price peaked 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovakia ($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 Australia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Denmark

In 2022, purchases abroad of clutches and shaft couplings decreased by -18.4% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports declined to $X in 2022. Overall, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of shaft coupling to Denmark, accounting for a 52% share of total imports. Moreover, shaft coupling imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.7% per year) and Germany (-12.5% per year).

In value terms, the largest shaft coupling suppliers to Denmark were Germany ($X), Italy ($X) and China ($X), with a combined 72% share of total imports.

China, with a CAGR of +25.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, picking up by 6.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 37%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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