Australia: Transmission Shaft Market 2024

Transmission Shaft Market Size in Australia

In 2022, the Australian transmission shaft market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Transmission Shaft Exports

Exports from Australia

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported from Australia reduced to X tons, with a decrease of X% compared with 2021 figures. In general, exports recorded a perceptible setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports dropped modestly to $X in 2022. Over the period under review, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), the United States (X tons) and New Zealand (X tons) were the main destinations of transmission shaft exports from Australia, with a combined X% share of total exports. Indonesia, China, Japan, France, South Africa, Singapore, Panama, New Caledonia, Chile and Belgium lagged somewhat behind, together comprising 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 Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), the United States ($X) and New Zealand ($X) were the largest markets for transmission shaft exported from Australia worldwide, with a combined X% share of total exports. Indonesia, China, Japan, France, Singapore, South Africa, Panama, New Caledonia, Chile and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Panama, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average transmission shaft export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Indonesia ($X per ton) and South Africa ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Transmission Shaft Imports

Imports into Australia

In 2022, purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a pronounced decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, transmission shaft imports stood at $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of transmission shaft imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest transmission shaft suppliers to Australia were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of 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 transmission shaft import price amounted to $X per ton, falling by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission shaft import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Sweden ($X per ton), while the price for China ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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