EU: Shaft Coupling Market 2024

Shaft Coupling Market Size in the EU

In 2022, the EU shaft coupling market increased by 5.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Shaft Coupling Production in the EU

In value terms, shaft coupling production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports in the EU

In 2022, shipments abroad of clutches and shaft couplings increased by 1.4% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 11%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, shaft coupling exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Italy (X tons) and Germany (X tons) prevails in exports structure, together generating 76% of total exports. It was distantly followed by the Czech Republic (X tons), committing a 4.7% share of total exports. The following exporters - Hungary (X tons), France (X tons), Spain (X tons), Sweden (X tons) and the Netherlands (X tons) - together made up 11% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 74% of total exports. The Netherlands, Sweden, the Czech Republic, Spain and Hungary lagged somewhat behind, together comprising a further 14%.

Hungary, with a CAGR of +19.7%, 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 the European Union amounted to $X per ton, with a decrease of -2.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.6% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the other leaders experienced more modest paces of growth.

Shaft Coupling Imports

Imports in the EU

In 2022, purchases abroad of clutches and shaft couplings increased by 7.5% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 12%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, shaft coupling imports stood at $X in 2022. The total import value increased at an average annual rate of +2.4% over the period 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 16%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Italy (X tons) and Germany (X tons) represented roughly 37% of total imports in 2022. Hungary (X tons) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (7.5%), the Czech Republic (7.2%), France (6.4%) and Spain (5.1%). Denmark (X tons), Sweden (X tons), the Netherlands (X tons), Poland (X tons), Austria (X tons) and Finland (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined 41% share of total imports. Hungary, the Czech Republic, the Netherlands, Belgium, Sweden, Spain, Austria, Poland, Finland and Denmark lagged somewhat behind, together comprising a further 50%.

In terms of the main importing countries, Hungary, with a CAGR of +15.3%, 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

The import price in the European Union stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 5% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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