The global export market for clutches, shaft couplings, and universal joints is led by Germany, followed by the United States and China. Over the past year, the United States and China have experienced significant growth, while Japan saw a decline. Other notable increases include Italy, Canada, and the Netherlands. Emerging markets such as Hungary and Slovenia showed robust growth, with the Philippines and Russia also demonstrating notable year-on-year variations.
The future trends to watch include continued growth in emerging markets, a potential rebound for Japan, and the impact of geopolitical changes on exports from Russia and Eastern European countries. Increasing demand from developing economies might reshape the distribution of export shares.
Top countries in Export of Clutches, Shaft Couplings, Universal Joints Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.58 | 2023 | +1.58% | +1.04% | View data |
| 2 | 2 United States | 14.01 | 2023 | +2.53% | +2.9% | View data |
| 3 | 3 China | 12.46 | 2023 | +3.32% | +3.09% | View data |
| 4 | 4 Italy | 9.45 | 2023 | +2.15% | +1.44% | View data |
| 5 | 5 Japan | 5.25 | 2023 | +0.76% | -1.01% | View data |
| 6 | 6 Canada | 5.05 | 2023 | +3.05% | +0.9% | View data |
| 7 | 7 United Kingdom | 3.24 | 2023 | +0.87% | +1% | View data |
| 8 | 8 France | 2.82 | 2023 | +2.06% | +2.02% | View data |
| 9 | 9 Austria | 2.09 | 2023 | +2.75% | +1.56% | View data |
| 10 | 10 Belgium | 2.07 | 2023 | +1.42% | +2.29% | View data |
