Europe: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Europe

In 2022, the Europe cranks and crankshafts market decreased by X% to $X, falling for the third year in a row after five years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cranks And Crankshafts Production in Europe

In value terms, cranks and crankshafts production plummeted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cranks And Crankshafts Exports

Exports in Europe

In 2022, shipments abroad of cranks and crankshafts increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports rose remarkably 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 pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany was the main exporter of cranks and crankshafts in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Spain (X tons) ranks second in terms of the total exports with an X% share, followed by Italy (X%), France (X%), the UK (X%) and Poland (X%). Slovakia (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, Poland (X%), Italy (X%), Spain (X%), France (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the UK (X%) illustrated a downward trend over the same period. Germany (X p.p.), Poland (X p.p.), Italy (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while the UK saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Cranks And Crankshafts Imports

Imports in Europe

In 2022, supplies from abroad of cranks and crankshafts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cranks and crankshafts imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid 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 years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by the UK (X tons), Hungary (X tons), Poland (X tons), Austria (X tons), Italy (X tons) and France (X tons) represented the major importers of cranks and crankshafts, together mixing up X% of total imports. The following importers - Sweden (X tons), Spain (X tons), Slovakia (X tons), Finland (X tons), Romania (X tons) and the Netherlands (X tons) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. 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 Europe, with a CAGR of X% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, the UK (X%), Spain (X%), France (X%), Sweden (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Hungary (X p.p.), Poland (X p.p.) and Italy (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.), France (X p.p.), the UK (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, cranks and crankshafts imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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