Europe: Transmission Shaft Market 2024

Transmission Shaft Market Size in Europe

In 2022, the Europe transmission shaft market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Transmission Shaft Production in Europe

In value terms, transmission shaft production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Transmission Shaft Exports

Exports in Europe

In 2022, overseas shipments 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. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, transmission shaft exports fell to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Germany was the main exporter of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Italy (X tons) held the second position in the ranking, distantly followed by Spain (X tons) and France (X tons). All these countries together held approx. X% share of total exports. Denmark (X tons), Belgium (X tons), Poland (X tons), the Netherlands (X tons), the UK (X tons), the Czech Republic (X tons), Slovakia (X tons), Austria (X tons) and Sweden (X tons) took a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain. At the same time, Denmark (X%), the Netherlands (X%), Poland (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Austria and France experienced a relatively flat trend pattern. By contrast, Belgium (X%), the Czech Republic (X%), Sweden (X%), the UK (X%) and Slovakia (X%) illustrated a downward trend over the same period. Italy (X p.p.), Denmark (X p.p.) and the Netherlands (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 ($X) remains the largest transmission shaft supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined modestly 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 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.

Transmission Shaft Imports

Imports in Europe

In 2022, supplies from 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 year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, transmission shaft imports reached $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 pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), the UK (X tons), France (X tons), Poland (X tons), Spain (X tons) and Hungary (X tons) were the major importers of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, together generating X% of total imports. The following importers - Austria (X tons), the Netherlands (X tons), Russia (X tons), Sweden (X tons), Belgium (X tons) and the Czech Republic (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, the Netherlands (X%), Russia (X%), Poland (X%), Hungary (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Belgium, Austria, France, Sweden, the UK and the Czech Republic experienced a relatively flat trend pattern. Italy (X p.p.), the Netherlands (X p.p.), Germany (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total imports, 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 ($X) constitutes the largest market for imported transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Europe, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by France, with an X% share.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then dropped 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 ($X per ton), while Russia ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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