France: Transmission Shaft Market 2024

Transmission Shaft Market Size in France

In 2022, the French transmission shaft market increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Transmission Shaft Production in France

In value terms, transmission shaft production soared to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Transmission Shaft Exports

Exports from France

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported from France rose to X tons, surging by 1.7% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transmission shaft exports reduced slightly to $X in 2022. Overall, exports, however, recorded a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 8.8% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for transmission shaft exports from France, with a 28% share of total exports. Moreover, transmission shaft exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-7.8% per year) and Poland (+14.5% per year).

In value terms, Germany ($X), the United States ($X) and Belgium ($X) appeared to be the largest markets for transmission shaft exported from France worldwide, with a combined 35% share of total exports. The UK, Italy, Spain, China, South Korea, Turkey, Poland, Romania, Austria and Hungary lagged somewhat behind, together comprising a further 37%.

South Korea, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, with a decrease of -5.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into France

In 2022, purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 13% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission shaft imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of transmission shaft imports to France, together comprising 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain to France, comprising 29% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.7% per year) and Italy (+0.6% per year).

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, shrinking by -4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2018 when the average import price increased by 14%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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