Eastern Europe: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Eastern Europe

In 2021, after two years of decline, there was growth in the East European driving and non-driving axle market, when its value increased by 1.6% to $X. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Eastern Europe

In value terms, driving and non-driving axle production fell sharply to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Eastern Europe

In 2021, the amount of drive-axles with differential and non-driving axles exported in Eastern Europe amounted to X tons, therefore, remained relatively stable against the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.5% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, driving and non-driving axle exports rose notably to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Poland (X tons) and the Czech Republic (X tons) were the major exporters of drive-axles with differential and non-driving axles in Eastern Europe, together amounting to near 60% of total exports. Hungary (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (11%), Romania (6.5%) and Russia (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +11.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for 76% of total exports.

Slovakia, with a CAGR of +14.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2020 an increase of 11%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+7.6%), while the other leaders experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Eastern Europe

In 2021, overseas purchases of drive-axles with differential and non-driving axles increased by 17% to X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.5% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 33%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, driving and non-driving axle imports skyrocketed to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of driving and non-driving axle imports in 2021 were the Czech Republic (X tons), Russia (X tons), Poland (X tons) and Slovakia (X tons), together finishing at 82% of total import. It was distantly followed by Hungary (X tons) and Romania (X tons), together creating a 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle importing markets in Eastern Europe were the Czech Republic ($X), Russia ($X) and Poland ($X), with a combined 63% share of total imports. Slovakia, Hungary and Romania lagged somewhat behind, together accounting for a further 34%.

Among the main importing countries, Hungary, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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