Southern Asia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Southern Asia

In 2022, the South Asian shaft coupling market increased by 0.9% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Shaft Coupling Production in Southern Asia

In value terms, shaft coupling production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports in Southern Asia

In 2022, the amount of clutches and shaft couplings exported in Southern Asia rose rapidly to X tons, surging by 12% on 2021 figures. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +69.2% against 2017 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, shaft coupling exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the largest exporter of clutches and shaft couplings in Southern Asia, mixing up 100% of total export.

India was also the fastest-growing in terms of the clutches and shaft couplings exports, with a CAGR of +2.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest shaft coupling supplier in Southern Asia.

In India, shaft coupling exports increased at an average annual rate of +2.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by -5.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.4% per year.

Shaft Coupling Imports

Imports in Southern Asia

In 2022, shaft coupling imports in Southern Asia expanded rapidly to X tons, with an increase of 14% against 2021 figures. The total import volume 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 2021 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, shaft coupling imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

India represented the key importing country with an import of about X tons, which reached 83% of total imports. It was distantly followed by Bangladesh (X tons), generating an 11% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to shaft coupling imports into India stood at +2.2%. At the same time, Bangladesh (+23.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +23.2% from 2012-2022. Pakistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Bangladesh increased by +8.8 percentage points.

In value terms, India ($X) constitutes the largest market for imported clutches and shaft couplings in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.6% per year) and Pakistan (-0.9% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -9.1% against the previous year. Overall, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 7.2% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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