The 2023 data reveals Thailand leading global imports of transmission shafts and cranks, with 36.8 units, closely followed by China with 36.24 units. Smaller import shares were seen in Malaysia, India, and the United States. Notable year-on-year changes include substantial increases in Kyrgyzstan (19.17%), Moldova (15.1%), and Seychelles (37.54%). Conversely, Kuwait (-23.11%) and Guyana (-17.08%) experienced declines. Over the past years, smaller emerging markets exhibited more dynamic growth rates.
Looking ahead, continued growth is anticipated in Asia, with Thailand and China maintaining leadership. Emerging markets, particularly in Southeast Asia and Eastern Europe, are expected to contribute increasingly to global demand, driven by industrial growth and increasing vehicle manufacturing activities. Economic shifts and technological advancements will continue to influence trends in this sector.
Top countries in Import of Transmission Shafts and Cranks, Cam and Crank Shafts Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 36.8 | 2023 | +1.67% | +1.36% | View data |
| 2 | 2 China | 36.24 | 2023 | +0.83% | +0.48% | View data |
| 3 | 3 Malaysia | 11.24 | 2023 | +2.47% | +4.09% | View data |
| 4 | 4 India | 8.74 | 2023 | +4.71% | +8.88% | View data |
| 5 | 5 United States | 6.38 | 2023 | +2.23% | +2.26% | View data |
| 6 | 6 Brazil | 2.3 | 2023 | -0.83% | -0.55% | View data |
| 7 | 7 Russia | 0.84 | 2023 | +3.64% | +4.32% | View data |
| 8 | 8 Colombia | 0.24 | 2023 | -4.51% | -1.53% | View data |
| 9 | 9 Argentina | 0.23 | 2023 | +0.72% | +0.064% | View data |
| 10 | 10 Belarus | 0.21 | 2023 | +4.39% | +5.16% | View data |
