Sweden: Shaft Coupling Market 2024

Shaft Coupling Market Size in Sweden

The Swedish shaft coupling market reduced rapidly to $X in 2022, with a decrease of -43.2% against the previous year. Overall, consumption, however, recorded strong growth. Shaft coupling consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Shaft Coupling Production in Sweden

In value terms, shaft coupling production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports from Sweden

After two years of growth, overseas shipments of clutches and shaft couplings decreased by -6.1% to X tons in 2022. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports reached $X in 2022. Overall, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 22%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for shaft coupling exports from Sweden, with a 39% share of total exports. Moreover, shaft coupling exports to Belgium exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+18.6% per year) and the United States (-5.2% per year).

In value terms, the largest markets for shaft coupling exported from Sweden were Germany ($X), the United States ($X) and China ($X), with a combined 28% share of total exports. Belgium, Italy, the UK, Brazil, Australia, France, Denmark, Finland, Norway and Poland lagged somewhat behind, together comprising a further 37%.

Brazil, with a CAGR of +10.9%, recorded the highest rates of growth with regard to 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, picking up by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 43%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 Finland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Sweden

In 2022, imports of clutches and shaft couplings into Sweden reduced remarkably to X tons, dropping by -33.9% against the previous year's figure. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 111%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, shaft coupling imports plummeted to $X in 2022. Over the period under review, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hungary (X tons), Germany (X tons) and China (X tons) were the main suppliers of shaft coupling imports to Sweden, together comprising 72% of total imports.

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 +103.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Italy ($X) constituted the largest shaft coupling suppliers to Sweden, with a combined 64% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +89.5%, 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

In 2022, the average shaft coupling import price amounted to $X per ton, rising by 7% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 7.5%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hungary ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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