Eastern Europe: Transmission Shaft Market 2024

Transmission Shaft Market Size in Eastern Europe

The East European transmission shaft market fell to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, leveling off in the following year.

Transmission Shaft Production in Eastern Europe

In value terms, transmission shaft production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Transmission Shaft Exports

Exports in Eastern Europe

In 2022, overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 1.5% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports reached $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Poland (X tons), the Czech Republic (X tons) and Slovakia (X tons), together finishing at 73% of total export. Hungary (X tons) held a 9.3% share (based on physical terms) of total exports, which put it in second place, followed by Romania (6.8%) and Russia (5.1%). Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +6.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft supplying countries in Eastern Europe were Poland ($X), Slovakia ($X) and the Czech Republic ($X), together accounting for 72% of total exports.

Poland, with a CAGR of +8.6%, saw the highest growth rate of the value of exports, among 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 2022, the export price in Eastern Europe amounted to $X per ton, rising by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the export price increased by 18%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+14.9%), while the other leaders experienced more modest paces of growth.

Transmission Shaft Imports

Imports in Eastern Europe

In 2022, supplies from abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 2.8% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, transmission shaft imports declined to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the six major importers of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, namely Poland, Russia, Hungary, the Czech Republic, Romania and Slovakia, represented more than two-thirds of total import. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 63% share of total imports. The Czech Republic, Romania, Slovakia and Belarus lagged somewhat behind, together accounting for a further 30%.

Romania, with a CAGR of +8.5%, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, declining by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the import price increased by 11%. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Russia ($X per ton), while Slovakia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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