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

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

In 2021, the Europe driving and non-driving axle market decreased by -12.7% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, driving and non-driving axle production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. 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 Europe

In 2021, after three years of decline, there was significant growth in shipments abroad of drive-axles with differential and non-driving axles, when their volume increased by 20% to X tons. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports soared to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the major exporter of drive-axles with differential and non-driving axles, making up 35% of total exports. Italy (X tons) took the second position in the ranking, followed by Sweden (X tons), France (X tons), Belgium (X tons), Poland (X tons), the Czech Republic (X tons) and Austria (X tons). All these countries together took approx. 48% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of drive-axles with differential and non-driving axles. At the same time, Austria (+15.7%), Poland (+9.1%), Belgium (+2.3%) and Italy (+1.7%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in Europe, with a CAGR of +15.7% from 2012-2021. Sweden and the Czech Republic experienced a relatively flat trend pattern. By contrast, France (-1.1%) illustrated a downward trend over the same period. While the share of Austria (+3.2 p.p.) and Poland (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-2 p.p.) and Germany (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest driving and non-driving axle supplier in Europe, comprising 37% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Austria, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +1.6%. In the other countries, the average annual rates were as follows: Italy (+3.9% per year) and Austria (+17.2% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, surging by 2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 9%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2021, purchases abroad of drive-axles with differential and non-driving axles was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, driving and non-driving axle imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by the Czech Republic (X tons), France (X tons), Russia (X tons), Austria (X tons), Belgium (X tons), Poland (X tons), Slovakia (X tons), Sweden (X tons), Spain (X tons) and Italy (X tons) were the largest importers of drive-axles with differential and non-driving axles, together mixing up 82% of total imports.

Imports into Germany increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Austria (+12.3%), Poland (+12.1%), Sweden (+6.0%), Italy (+5.4%), Spain (+4.8%) and Slovakia (+1.4%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in Europe, with a CAGR of +12.3% from 2012-2021. France, Russia and the Czech Republic experienced a relatively flat trend pattern. By contrast, Belgium (-4.9%) illustrated a downward trend over the same period. While the share of Austria (+3.5 p.p.), Poland (+3.3 p.p.), Germany (+1.6 p.p.) and Sweden (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Czech Republic (-1.8 p.p.) and Belgium (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in Europe, comprising 21% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.8% share of total imports. It was followed by the Czech Republic, with a 7.1% share.

In Germany, driving and non-driving axle imports increased at an average annual rate of +1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Austria (+15.9% per year) and the Czech Republic (+2.1% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, surging by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 when the import price increased by 7%. The level of import peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform