Europe: Shaft Coupling Market 2024

Shaft Coupling Market Size in Europe

In 2022, the Europe shaft coupling market increased by 4.6% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 6.4% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Shaft Coupling Production in Europe

In value terms, shaft coupling production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. 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 Europe

In 2022, shipments abroad of clutches and shaft couplings increased by 1.2% 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 +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, shaft coupling exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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) dominates exports structure, together committing 71% of total exports. The Czech Republic (X tons), Hungary (X tons), France (X tons), Spain (X tons), the UK (X tons), Sweden (X tons), the Netherlands (X tons), Austria (X tons) and Switzerland (X tons) held a relatively small 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 Europe were Germany ($X), Italy ($X) and the UK ($X), with a combined 67% share of total exports. France, Switzerland, the Netherlands, Austria, Sweden, the Czech Republic, Spain and Hungary lagged somewhat behind, together comprising a further 24%.

Hungary, with a CAGR of +19.7%, 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 2022, the export price in Europe amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 6.4%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Italy ($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 Europe

In 2022, overseas purchases of clutches and shaft couplings increased by 8.3% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, shaft coupling imports rose to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 24%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons) and Germany (X tons) were the major importers of clutches and shaft couplings in 2022, finishing at near 16% and 14% of total imports, respectively. It was distantly followed by Hungary (X tons), Russia (X tons), the UK (X tons), Belgium (X tons), the Czech Republic (X tons) and France (X tons), together mixing up a 39% share of total imports. The following importers - Spain (X tons), Denmark (X tons), Sweden (X tons), the Netherlands (X tons) and Poland (X tons) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +14.1%), while purchases for 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 imports in 2022, with a combined 32% share of total imports. Russia, the UK, Hungary, the Czech Republic, the Netherlands, Belgium, Sweden, Spain, Poland and Denmark lagged somewhat behind, together accounting for a further 49%.

Hungary, with a CAGR of +15.3%, recorded 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 Europe stood at $X per ton in 2022, shrinking by -4.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 6.3% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 the UK (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform