EU: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in the EU

In 2022, the EU brakes and servo-brakes market increased by 19% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Production in the EU

In value terms, brakes and servo-brakes production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Brakes And Servo-Brakes Exports

Exports in the EU

In 2022, shipments abroad of brakes and servo-brakes increased by 0.5% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports reduced to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 16%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X tons), distantly followed by Poland (X tons), Italy (X tons), Spain (X tons), the Czech Republic (X tons) and France (X tons) represented the key exporters of brakes and servo-brakes, together achieving 86% of total exports. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest brakes and servo-brakes supplier in the European Union, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Poland, with a 13% share.

In Germany, brakes and servo-brakes exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+1.7% per year) and Poland (+7.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of -3.9% against the previous year. In general, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 3.6% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.4%), while the other leaders experienced a decline in the export price figures.

Brakes And Servo-Brakes Imports

Imports in the EU

In 2022, purchases abroad of brakes and servo-brakes increased by 10% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, brakes and servo-brakes imports reached $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany represented the main importer of brakes and servo-brakes in the European Union, with the volume of imports amounting to X tons, which was approx. 34% of total imports in 2022. It was distantly followed by Poland (X tons), France (X tons), Italy (X tons), the Czech Republic (X tons), Sweden (X tons) and Spain (X tons), together committing a 45% share of total imports. The following importers - Slovakia (X tons), Belgium (X tons), Romania (X tons), the Netherlands (X tons) and Hungary (X tons) - together made up 15% of total imports.

From 2012 to 2022, average annual rates of growth with regard to brakes and servo-brakes imports into Germany stood at +4.2%. At the same time, Hungary (+8.3%), Poland (+8.1%), Romania (+7.0%), Sweden (+6.6%), Italy (+5.1%), the Netherlands (+4.1%), the Czech Republic (+2.9%), Slovakia (+2.9%) and Spain (+1.2%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.3% from 2012-2022. Belgium and France experienced a relatively flat trend pattern. Poland (+3.4 p.p.) and Germany (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while France saw its share reduced by -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported brakes and servo-brakes in the European Union, comprising 29% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by Poland, with a 9.2% share.

In Germany, brakes and servo-brakes imports increased at an average annual rate of +1.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (-1.1% per year) and Poland (+8.2% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with a decrease of -6.3% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2018 when the import price increased by 5.8% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Hungary ($X per ton), while Sweden ($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 (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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