Eastern Asia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Eastern Asia

The East Asian shaft coupling market fell to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Eastern Asia

In value terms, shaft coupling production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports in Eastern Asia

In 2022, shipments abroad of clutches and shaft couplings increased by X% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, shaft coupling exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Japan (X tons), creating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the clutches and shaft couplings exports, with a CAGR of X% from 2012 to 2022. Japan experienced a relatively flat trend pattern. South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest shaft coupling supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

In China, shaft coupling 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: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Shaft Coupling Imports

Imports in Eastern Asia

In 2022, the amount of clutches and shaft couplings imported in Eastern Asia shrank to X tons, declining by X% on 2021. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports shrank to $X in 2022. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China was the key importer of clutches and shaft couplings in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together constituting a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported clutches and shaft couplings in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, shaft coupling imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging 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 2013 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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