Netherlands: Shaft Coupling Market 2024

Shaft Coupling Market Size in the Netherlands

The Dutch shaft coupling market rose significantly to $X in 2022, surging by 5.7% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Shaft Coupling Production in the Netherlands

In value terms, shaft coupling production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. Shaft coupling production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from the Netherlands

In 2022, shipments abroad of clutches and shaft couplings decreased by -20.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports fell to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 21%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of shaft coupling exports from the Netherlands, together comprising 33% of total exports. France, the UK, the United States, Poland, Norway, Hungary, the Czech Republic, Italy, China and Turkey lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Norway ($X) appeared to be the largest markets for shaft coupling exported from the Netherlands worldwide, together accounting for 29% of total exports.

Among the main countries of destination, Norway, with a CAGR of +22.3%, saw 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, rising by 8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Norway ($X per ton), while the average price for exports to the Czech Republic ($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 Norway (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into the Netherlands

In 2022, purchases abroad of clutches and shaft couplings decreased by -4.8% to X tons, falling for the third year in a row after three years of growth. The total import volume increased at an average annual rate of +2.1% over the period 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 2014 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports contracted to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest shaft coupling supplier to the Netherlands, with a 59% share of total imports. Moreover, shaft coupling imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Austria (X tons), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.3% per year) and Austria (+11.5% per year).

In value terms, Germany ($X) constituted the largest supplier of clutches and shaft couplings to the Netherlands, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total imports. It was followed by Japan, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and Japan (-2.1% per year).

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, dropping by -8.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 25%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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