Slovakia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Slovakia

The Slovak shaft coupling market contracted to $X in 2022, shrinking by -14% against the previous year. In general, consumption, however, recorded a deep downturn. Shaft coupling consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in Slovakia

In value terms, shaft coupling production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Shaft Coupling Exports

Exports from Slovakia

Shaft coupling exports from Slovakia dropped slightly to X tons in 2022, reducing by -2.7% on the previous year. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +3.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +3.6% 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 2016 with an increase of 20%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Spain (X tons) and Hungary (X tons) were the main destinations of shaft coupling exports from Slovakia, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +21.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the largest markets for shaft coupling exported from Slovakia worldwide, together accounting for 59% of total exports.

Germany, with a CAGR of +8.5%, saw 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

The average shaft coupling export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Italy ($X per ton), while the average price for exports to Spain ($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 United States (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Slovakia

In 2022, approx. X tons of clutches and shaft couplings were imported into Slovakia; waning by -6.2% against 2021. Overall, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 79% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, shaft coupling imports declined significantly to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of shaft coupling imports to Slovakia, together comprising 68% of total imports. Spain, Taiwan (Chinese), Hungary, Poland, the Czech Republic and Ukraine lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Slovakia were Germany ($X), Italy ($X) and Hungary ($X), with a combined 60% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +38.4%, saw 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

The average shaft coupling import price stood at $X per ton in 2022, falling by -32.6% against the previous year. Overall, the import price, however, saw a pronounced increase. The growth pace was the most rapid in 2014 when the average import price increased by 146% against the previous year. The import price peaked at $X per ton in 2021, and then contracted markedly 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 Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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