France: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in France

In 2022, the French cranks and crankshafts market increased by 46% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a mild decline. Cranks and crankshafts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cranks And Crankshafts Production in France

In value terms, cranks and crankshafts production expanded to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports from France

In 2022, the amount of cranks and crankshafts exported from France expanded sharply to X tons, picking up by 13% on 2021. In general, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.9% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 82% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cranks and crankshafts exports expanded rapidly to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cranks and crankshafts exports from France, with a 37% share of total exports. Moreover, cranks and crankshafts exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-8.8% per year) and Poland (+25.1% per year).

In value terms, Germany ($X) remains the key foreign market for cranks and crankshafts exports from France, comprising 29% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.8% per year) and the United States (+11.1% per year).

Export Prices by Country

In 2022, the average cranks and crankshafts export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cranks and crankshafts export price decreased by -35.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into France

In 2022, purchases abroad of cranks and crankshafts increased by 23% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cranks and crankshafts imports skyrocketed to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of cranks and crankshafts imports to France, together accounting for 57% of total imports. Spain, the UK, India, Sweden, Brazil, Mexico, Japan, Turkey, Poland and Austria lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Turkey ($X) appeared to be the largest cranks and crankshafts suppliers to France, together accounting for 55% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +43.6%, saw the highest growth rate of 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

In 2022, the average cranks and crankshafts import price amounted to $X per ton, increasing by 8.2% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cranks and crankshafts import price decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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