Germany: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Germany

In 2022, the German cranks and crankshafts market decreased by -0.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a perceptible descent. Cranks and crankshafts consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Production in Germany

In value terms, cranks and crankshafts production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +33.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 45%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Cranks And Crankshafts Exports

Exports from Germany

In 2022, shipments abroad of cranks and crankshafts increased by 2% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cranks and crankshafts exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 21% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Austria (X tons), Hungary (X tons) and Slovakia (X tons) were the main destinations of cranks and crankshafts exports from Germany, together accounting for 34% of total exports. Sweden, France, the United States, the UK, Italy, Poland, the Czech Republic, the Netherlands, China and Spain lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cranks and crankshafts exported from Germany were China ($X), the United States ($X) and Austria ($X), with a combined 31% share of total exports. Hungary, France, the UK, the Czech Republic, Italy, Poland, Sweden, the Netherlands, Slovakia and Spain lagged somewhat behind, together comprising a further 46%.

The Czech Republic, with a CAGR of +6.3%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average cranks and crankshafts export price amounted to $X per ton, which is down by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced modestly in the following year.

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 China ($X per ton), while the average price for exports to Slovakia ($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 China (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Germany

In 2022, purchases abroad of cranks and crankshafts increased by 12% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +21.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cranks and crankshafts imports soared to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Italy (X tons) were the main suppliers of cranks and crankshafts imports to Germany, with a combined 42% share of total imports.

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 +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Germany were China ($X), Italy ($X) and the UK ($X), with a combined 32% share of total imports.

Among the main suppliers, the UK, with a CAGR of +12.1%, recorded 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, picking up by 5.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 13%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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