Denmark: Transmission Shaft Market 2024

Transmission Shaft Market Size in Denmark

In 2022, the Danish transmission shaft market decreased by -15.2% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -27.3% against 2020 indices. Transmission shaft consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Transmission Shaft Production in Denmark

In value terms, transmission shaft production fell to $X in 2022 estimated in export price. In general, production, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 65% against the previous year. Transmission shaft production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Transmission Shaft Exports

Exports from Denmark

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported from Denmark totaled X tons, surging by 4.9% compared with 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.8% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports reached $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.2% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 54% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of transmission shaft exports from Denmark, with a combined 42% share of total exports. Austria, the UK, Sweden, Poland, Spain, the United States, Italy, Ireland, Portugal and Belgium lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transmission shaft exported from Denmark were France ($X), Germany ($X) and the Netherlands ($X), together comprising 42% of total exports. Sweden, the UK, Poland, Austria, the United States, Spain, Portugal, Italy, Ireland and Belgium lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Austria, with a CAGR of +39.0%, 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

The average transmission shaft export price stood at $X per ton in 2022, shrinking by -3.8% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Spain ($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 Sweden (-1.6%), while the prices for the other major destinations experienced a decline.

Transmission Shaft Imports

Imports into Denmark

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain imported into Denmark contracted rapidly to X tons, which is down by -22.3% compared with the previous year's figure. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission shaft imports declined rapidly to $X in 2022. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest transmission shaft supplier to Denmark, accounting for a 41% share of total imports. Moreover, transmission shaft imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and Italy (-1.3% per year).

In value terms, Germany ($X) constituted the largest supplier of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain to Denmark, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.1% per year) and Belgium (+8.5% per year).

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, shrinking by -5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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