Eastern Europe: Shaft Coupling Market 2024

Shaft Coupling Market Size in Eastern Europe

The East European shaft coupling market reached $X in 2022, increasing by 3.2% against the previous year. Overall, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in Eastern Europe

In value terms, shaft coupling production stood at $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports in Eastern Europe

In 2022, the amount of clutches and shaft couplings exported in Eastern Europe shrank slightly to X tons, which is down by -2.2% on 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18%. 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 contracted to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 15% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, the Czech Republic (X tons), distantly followed by Hungary (X tons), Slovakia (X tons), Poland (X tons) and Russia (X tons) were the key exporters of clutches and shaft couplings, together mixing up 85% of total exports. The following exporters - Belarus (X tons) and Lithuania (X tons) - each accounted for a 7.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling supplying countries in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Slovakia ($X), with a combined 66% share of total exports.

In terms of the main exporting countries, Hungary, with a CAGR of +19.7%, 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 export price in Eastern Europe stood at $X per ton in 2022, reducing by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 an increase of 28%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.5%), while the other leaders experienced more modest paces of growth.

Shaft Coupling Imports

Imports in Eastern Europe

In 2022, the amount of clutches and shaft couplings imported in Eastern Europe expanded markedly to X tons, picking up by 12% against 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.5% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 51% 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 totaled $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 63%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Hungary (X tons), Russia (X tons) and the Czech Republic (X tons) was the key importer of clutches and shaft couplings in Eastern Europe, comprising 72% of total import. Poland (X tons) took the next position in the ranking, followed by Romania (X tons). All these countries together held near 14% share of total imports. The following importers - Belarus (X tons) and Slovakia (X tons) - together made up 7.6% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling importing markets in Eastern Europe were Russia ($X), Hungary ($X) and the Czech Republic ($X), with a combined 69% share of total imports. Poland, Romania, Slovakia and Belarus lagged somewhat behind, together comprising a further 24%.

Romania, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with a decrease of -10.4% against the previous year. Overall, the import price showed a slight decrease. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :