Luxembourg: Transmission Shaft Market 2024

Transmission Shaft Market Size in Luxembourg

The Luxembourg transmission shaft market dropped notably to $X in 2022, declining by -24.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.8% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Transmission Shaft Exports

Exports from Luxembourg

In 2022, shipments abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 15% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 128%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, transmission shaft exports surged to $X in 2022. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 138% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of transmission shaft exports from Luxembourg, together comprising 48% of total exports. Germany, China, Belgium, the UK, the United States, Turkey and Poland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +16.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) were the largest markets for transmission shaft exported from Luxembourg worldwide, together accounting for 42% of total exports.

Germany, with a CAGR of +20.0%, recorded the highest growth rate of 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 transmission shaft export price amounted to $X per ton, jumping by 46% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 the UK (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Luxembourg

In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain into Luxembourg dropped notably to X tons, with a decrease of -22.5% against 2021. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +21.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, transmission shaft imports dropped to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +20.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of transmission shaft to Luxembourg, accounting for a 41% share of total imports. Moreover, transmission shaft imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.0% per year) and Italy (+14.5% per year).

In value terms, Germany ($X) constituted the largest supplier of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain to Luxembourg, comprising 34% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.5% per year) and Belgium (-6.9% per year).

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, increasing by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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