Benelux: Transmission Shaft Market 2024

Transmission Shaft Market Size in Benelux

In 2022, the Benelux transmission shaft market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Transmission Shaft Production in Benelux

In value terms, transmission shaft production reduced dramatically to $X in 2022 estimated in export price. Overall, production recorded a significant contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Transmission Shaft Exports

Exports in Benelux

In 2022, after three years of growth, there was decline in shipments abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, when their volume decreased by X% to X tons. Total exports indicated noticeable growth from 2012 to 2022: its volume 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, transmission shaft exports contracted to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) was the key exporter of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Benelux, mixing up X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, the largest transmission shaft supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, remaining constant against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Transmission Shaft Imports

Imports in Benelux

For the third consecutive year, Benelux recorded growth in purchases abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, which increased by X% to X tons in 2022. Total imports indicated pronounced growth from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, transmission shaft imports expanded remarkably to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) was the main importer of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Benelux, creating X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform

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