EU: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in the EU

In 2022, the EU cranks and crankshafts market decreased by X% to $X, falling for the fourth year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Cranks And Crankshafts Production in the EU

In value terms, cranks and crankshafts production declined notably to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cranks And Crankshafts Exports

Exports in the EU

Cranks and crankshafts exports expanded to X tons in 2022, increasing by X% on the year before. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Germany (X tons) was the major exporter of cranks and crankshafts, achieving X% of total exports. Spain (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), France (X%) and Poland (X%). Slovakia (X tons) and Denmark (X tons) took a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of cranks and crankshafts. At the same time, Denmark (X%), Poland (X%), Italy (X%), Spain (X%), France (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Poland (X p.p.), Italy (X p.p.), Germany (X p.p.), Spain (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cranks and crankshafts supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Germany, cranks and crankshafts exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, remaining stable 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 2013 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Cranks And Crankshafts Imports

Imports in the EU

In 2022, purchases abroad of cranks and crankshafts increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cranks and crankshafts imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Germany was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Hungary (X tons), Poland (X tons), Austria (X tons), Italy (X tons), France (X tons), Sweden (X tons) and Spain (X tons), together achieving a X% share of total imports. Slovakia (X tons), Finland (X tons), Romania (X tons), the Netherlands (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cranks and crankshafts imports into Germany stood at X%. At the same time, Hungary (X%), the Netherlands (X%), Finland (X%), Romania (X%), Italy (X%) and Poland (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Spain (X%), France (X%), Sweden (X%), the Czech Republic (X%) and Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Germany, Poland, Italy and the Netherlands increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported cranks and crankshafts in the European Union, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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