Australia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Australia

The Australian shaft coupling market surged to $X in 2022, picking up by X% 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, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Shaft Coupling Exports

Exports from Australia

In 2022, shaft coupling exports from Australia expanded modestly to X tons, with an increase of X% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports rose markedly to $X in 2022. In general, exports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and the United States (X tons) were the main destinations of shaft coupling exports from Australia, with a combined X% share of total exports. China, Indonesia, Singapore, South Africa, France, Belgium, the Philippines, New Caledonia and Canada lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for shaft coupling exported from Australia were New Zealand ($X), Papua New Guinea ($X) and the United States ($X), together comprising X% of total exports. China, Indonesia, Singapore, South Africa, France, Belgium, the Philippines, New Caledonia and Canada lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, saw 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

The average shaft coupling export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and Belgium ($X per ton), while the average price for exports to New Caledonia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Australia

In 2022, approx. X tons of clutches and shaft couplings were imported into Australia; jumping by X% compared with the previous year's figure. In general, imports, however, showed a pronounced reduction. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, shaft coupling imports expanded markedly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of shaft coupling imports to Australia, together comprising X% of total imports. Italy, Japan, the UK, Austria, Sweden, India and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest shaft coupling suppliers to Australia were the United States ($X), Germany ($X) and China ($X), together accounting for X% of total imports. Italy, Japan, the UK, Austria, Sweden, India and Spain lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the United States ($X per ton), while the price for Austria ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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