In 2023, Germany solidified its leading position in the European export market for transmission shafts, capturing 49.4% of the export share by weight. Spain followed with a 13.04% share, while France, the UK, and Italy held lower proportions, indicating a varied competitive landscape.
Notable year-on-year changes include a significant growth in exports from Ireland at 31.26% and Malta at 69.02%, showcasing dynamic market movements. France and Belgium also saw substantial growth at 8.03% and 8.2%, respectively. Notably, Sweden, Hungary, and Latvia experienced declines, suggesting potential challenges.
Looking ahead, stability in leading exporters like Germany and Spain is expected, but watch for emerging growth in smaller markets such as Ireland and Malta. Economic shifts, trade agreements, and technological advancements could further influence this sector's landscape in Europe.
Top countries in Export of Transmission Shafts (Including Cam and Crank Shafts) and Cranks Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.4 | 2023 | +8.47% | +2.22% | View data |
| 2 | 2 Spain | 13.04 | 2023 | +9.91% | +2% | View data |
| 3 | 3 France | 6.32 | 2023 | +5.6% | +8.03% | View data |
| 4 | 4 United Kingdom | 6.15 | 2023 | +0.39% | -1.26% | View data |
| 5 | 5 Italy | 5.76 | 2023 | +6.12% | +0.016% | View data |
| 6 | 6 Poland | 3.45 | 2023 | +1.47% | +6.82% | View data |
| 7 | 7 Slovakia | 3.34 | 2023 | +1.47% | +0.12% | View data |
| 8 | 8 Sweden | 2.06 | 2023 | +8.36% | -4.87% | View data |
| 9 | 9 Romania | 1.89 | 2023 | -1.02% | +1.6% | View data |
| 10 | 10 Czechia | 1.85 | 2023 |
