EU: Non-Propelled Vehicle Axle Market 2020

Non-Propelled Vehicle Axle Market Size in the EU

The revenue of the non-propelled vehicle axle market in the European Union amounted to $X in 2017, approximately mirroring the previous year. The non-propelled vehicle axle consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. In that year, the non-propelled vehicle axle market attained their peak level of $X. From 2009 to 2017, growth of the non-propelled vehicle axle market failed to regain its momentum.

Non-Propelled Vehicle Axle Production in the EU

The non-propelled vehicle axle production stood at X tons in 2017, approximately mirroring the previous year. The non-propelled vehicle axle production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when the output figure increased by X% y-o-y. In that year, the non-propelled vehicle axle production attained their peak volume of X tons. From 2010 to 2017, growth of the non-propelled vehicle axle production stood at a somewhat lower level.

Non-Propelled Vehicle Axle Exports in the EU

In 2017, non-propelled vehicle axle exports in the European Union stood at X tons, rising by X% against the previous year. The non-propelled vehicle axle exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, non-propelled vehicle axle exports totaled $X in 2017. The non-propelled vehicle axle exports continue to indicate a mild shrinkage. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Non-Propelled Vehicle Axle Exports by Country in the EU

Germany represented the largest exporter of axles of vehicles which are not mechanically propelled in the European Union, with the volume of exports finishing at X tons, which was near X% of total exports in 2017. Hungary (X tons) ranks second in terms of the global exports with a X% share, followed by Poland (X%), Italy (X%), the Czech Republic (X%), the Netherlands (X%) and Slovakia (X%). The following exporters - Belgium (X tons), France (X tons), the UK (X tons), Slovenia (X tons) and Austria (X tons) together made up X% of total exports.

Germany experienced a relatively flat trend pattern of axles of vehicles which are not mechanically propelled exports. At the same time, Belgium (+X%), the Netherlands (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. Austria, Italy, Hungary and Slovenia experienced a relatively flat trend pattern. By contrast, the Czech Republic (-X%), Slovakia (-X%), France (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the UK, France and Slovakia increased by X%, X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest non-propelled vehicle axle supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of global exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Germany stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hungary (-X% per year) and the Netherlands (+X% per year).

Non-Propelled Vehicle Axle Export Prices by Country in the EU

In 2017, the non-propelled vehicle axle export price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. The non-propelled vehicle axle export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the export prices increased by X% year-to-year. Over the period under review, the export prices for axles of vehicles which are not mechanically propelled reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Austria ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

Non-Propelled Vehicle Axle Imports in the EU

In 2017, the amount of axles of vehicles which are not mechanically propelled imported in the European Union totaled X tons, going up by X% against the previous year. The non-propelled vehicle axle imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Over the period under review, the non-propelled vehicle axle imports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, non-propelled vehicle axle imports amounted to $X in 2017. The non-propelled vehicle axle imports continue to indicate a mild slump. Over the period under review, the non-propelled vehicle axle imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Non-Propelled Vehicle Axle Imports by Country in the EU

Germany was the main importing country with an import of about X tons, which reached X% of total imports. The UK (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the Netherlands (X%), France (X%), Hungary (X%) and Poland (X%). Belgium (X tons), Spain (X tons), Italy (X tons), the Czech Republic (X tons) and Sweden (X tons) occupied the weak share of total imports.

Germany experienced a relatively flat trend pattern of axles of vehicles which are not mechanically propelled imports. At the same time, Poland (+X%), the Netherlands (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing importer in the European Union, with a CAGR of +X% from 2007-2017. Belgium and Sweden experienced a relatively flat trend pattern. By contrast, the UK (-X%), the Czech Republic (-X%), Spain (-X%), Italy (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of France and the UK increased by X% and X% percentage points, while Poland (-X%), Germany (-X%) and the Netherlands (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported axles of vehicles which are not mechanically propelled in the European Union, making up X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In Germany, non-propelled vehicle axle imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: France (-X% per year) and the Netherlands (+X% per year).

Non-Propelled Vehicle Axle Import Prices by Country in the EU

In 2017, the non-propelled vehicle axle import price in the European Union amounted to $X per ton, jumping by X% against the previous year. The non-propelled vehicle axle import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2008, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2009; however, from 2010 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Sweden ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform