Ireland: Shaft Coupling Market 2024

Shaft Coupling Market Size in Ireland

In 2022, after three years of decline, there was significant growth in the Irish shaft coupling market, when its value increased by 52% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. Shaft coupling consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in Ireland

In value terms, shaft coupling production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Ireland

Shaft coupling exports from Ireland expanded markedly to X tons in 2022, surging by 12% against 2021 figures. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 148% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, shaft coupling exports reduced to $X in 2022. Overall, exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 172% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The UK (X tons) was the main destination for shaft coupling exports from Ireland, accounting for a 35% share of total exports. Moreover, shaft coupling exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.5% per year) and France (+13.7% per year).

In value terms, the largest markets for shaft coupling exported from Ireland were the UK ($X), Germany ($X) and the Netherlands ($X), with a combined 37% share of total exports. France, Italy, Spain, Poland, South Korea, Australia, Canada, Belgium, South Africa and New Zealand lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, South Korea, with a CAGR of +64.7%, recorded 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 average shaft coupling export price stood at $X per ton in 2022, dropping by -22.2% against the previous year. Over the period under review, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Canada (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Ireland

For the third year in a row, Ireland recorded decline in supplies from abroad of clutches and shaft couplings, which decreased by 0% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 36%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, shaft coupling imports totaled $X in 2022. In general, imports saw slight growth. The pace of growth was the most pronounced in 2019 when imports increased by 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of shaft coupling imports to Ireland, with a combined 56% share of total imports. Spain, France, the United States, Poland, Germany and Japan lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +47.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Italy ($X) constituted the largest shaft coupling suppliers to Ireland, together accounting for 52% of total imports. Poland, Germany, Spain, China, France and Japan lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Spain, with a CAGR of +34.5%, recorded the highest rates of growth with regard to 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 shaft coupling import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price showed mild growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 United States (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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