Europe: Winche And Capstan Market 2024

Winche And Capstan Market Size in Europe

The Europe winche and capstan market dropped to $X in 2021, reducing by -7.8% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Winche And Capstan Production in Europe

In value terms, winche and capstan production fell to $X in 2021 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Winche And Capstan Exports

Exports in Europe

In 2021, shipments abroad of winches and capstans increased by 47% to X units, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units), the Netherlands (X units), Germany (X units) and Italy (X units) represented roughly 61% of total exports in 2021. The UK (X units) took a 5.6% share (based on physical terms) of total exports, which put it in second place, followed by Austria (4.9%) and Poland (4.5%). Spain (X units), Serbia (X units), Finland (X units), France (X units) and Sweden (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan supplying countries in Europe were Italy ($X), Germany ($X) and the UK ($X), together comprising 45% of total exports. These countries were followed by Finland, the Netherlands, France, Sweden, Poland, Spain, Austria, Serbia and Hungary, which together accounted for a further 30%.

In terms of the main exporting countries, Hungary, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, reducing by -20.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the other leaders experienced a decline in the export price figures.

Winche And Capstan Imports

Imports in Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of winches and capstans, when their volume increased by 21% to X units. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 34%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, winche and capstan imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the nine major importers of winches and capstans, namely Germany, the Netherlands, Russia, Poland, Austria, Hungary, the UK, France and Italy, represented more than two-thirds of total import. The following importers - Spain (X units), Belgium (X units), Finland (X units) and Denmark (X units) - each resulted at an 8.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan importing markets in Europe were Russia ($X), Germany ($X) and France ($X), together accounting for 36% of total imports. These countries were followed by the Netherlands, Austria, the UK, Poland, Italy, Spain, Denmark, Finland, Belgium and Hungary, which together accounted for a further 41%.

Hungary, with a CAGR of +21.6%, recorded the highest growth rate of 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 2021, the import price in Europe amounted to $X per unit, with an increase of 3% against the previous year. Overall, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2015 an increase of 6.6% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform