Italy: Shaft Coupling Market 2024

Shaft Coupling Market Size in Italy

In 2022, after three years of growth, there was significant decline in the Italian shaft coupling market, when its value decreased by -41% to $X. Over the period under review, consumption continues to indicate a deep reduction. Shaft coupling consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in Italy

In value terms, shaft coupling production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +83.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Shaft coupling production peaked in 2022 and is likely to see gradual growth in years to come.

Shaft Coupling Exports

Exports from Italy

In 2022, approx. X tons of clutches and shaft couplings were exported from Italy; with an increase of 8.8% against the previous year. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, shaft coupling exports rose remarkably to $X in 2022. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +45.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and France (X tons) were the main destinations of shaft coupling exports from Italy, together comprising 37% of total exports. The UK, Denmark, Hungary, India, Belgium, Mexico, Poland, Austria, Spain and Sweden lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Italy were Germany ($X), the United States ($X) and France ($X), together accounting for 33% of total exports. The UK, Hungary, Poland, Austria, Belgium, India, Spain, Mexico, Sweden and Denmark lagged somewhat behind, together accounting for a further 33%.

Mexico, with a CAGR of +25.8%, 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

In 2022, the average shaft coupling export price amounted to $X per ton, growing by 1.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Sweden ($X per ton), while the average price for exports to Denmark ($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 Austria (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Italy

In 2022, purchases abroad of clutches and shaft couplings increased by 16% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +78.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, shaft coupling imports soared to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Italy, accounting for a 67% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. India (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and India (+32.2% per year).

In value terms, China ($X), Germany ($X) and India ($X) appeared to be the largest shaft coupling suppliers to Italy, together comprising 76% of total imports. Iran lagged somewhat behind, comprising a further 0.4%.

Iran, with a CAGR of +130.4%, saw the highest rates of growth with regard to 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

In 2022, the average shaft coupling import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Iran ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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