France: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in France

In 2022, the French steering wheels and columns market increased by 120% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Steering Wheels, Steering Columns And Steering Boxes in France

In value terms, steering wheels and columns production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The growth pace was the most rapid in 2018 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from France

In 2022, after two years of decline, there was significant growth in shipments abroad of steering wheels, steering columns and steering boxes, when their volume increased by 11% to X tons. Overall, exports, however, showed a slight slump. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, steering wheels and columns exports declined to $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 9.6% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and the Czech Republic (X tons) were the main destinations of steering wheels and columns exports from France, with a combined 63% share of total exports. Belgium, Morocco, the UK, Poland, Tunisia, Portugal, Italy, Hungary, the United States and Slovakia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +32.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for steering wheels, steering columns and steering boxes exports from France, comprising 34% of total exports. The second position in the ranking was held by Spain ($X), with a 17% share of total exports. It was followed by the Czech Republic, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.2% per year) and the Czech Republic (+0.5% per year).

Export Prices by Country

The average steering wheels and columns export price stood at $X per ton in 2022, shrinking by -17.4% against the previous year. Overall, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Czech Republic ($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 Tunisia (+4.9%), while the prices for the other major destinations experienced a decline.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into France

Steering wheels and columns imports into France was estimated at X tons in 2022, surging by 2.5% compared with 2021 figures. In general, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 19%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, steering wheels and columns imports declined modestly to $X in 2022. Over the period under review, imports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 23%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Switzerland (X tons) were the main suppliers of steering wheels and columns imports to France, together comprising 58% of total imports. Spain, China, Italy, Slovenia, Tunisia, Turkey, Romania, Austria, Poland and Mexico lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steering wheels and columns suppliers to France were the Czech Republic ($X), Germany ($X) and Switzerland ($X), together comprising 49% of total imports. Tunisia, Spain, Romania, China, Turkey, Slovenia, Poland, Italy, Mexico and Austria lagged somewhat behind, together accounting for a further 37%.

China, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steering wheels and columns import price stood at $X per ton in 2022, declining by -6.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Tunisia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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