In 2023, China dominated the global export market of transmission shafts and cranks, cam and crank shafts with a substantial share of 88.79%. Thailand and India followed with 9.29% and 2.68% shares, respectively. Notably, countries like Moldova and Azerbaijan witnessed significant year-on-year growth rates in exports at 163.05% and 79.07% respectively. Conversely, Armenia and Brunei experienced sharp declines of 21.92% and 22.16% respectively. China's steady growth of 2.25% indicates its continued prominence in this sector.
Future trends to monitor include the potential rise of other emerging countries such as Moldova due to their recent robust growth, and the impact of any geopolitical or trade policy changes on these trade dynamics. Additionally, technological advancements in automotive manufacturing could influence the demand and export patterns in this industry.
Top countries in Export of Transmission Shafts and Cranks, Cam and Crank Shafts Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 88.79 | 2023 | +2.47% | +2.25% | View data |
| 2 | 2 Thailand | 9.29 | 2023 | +4.26% | +2.98% | View data |
| 3 | 3 India | 2.68 | 2023 | +4.94% | +5.46% | View data |
| 4 | 4 Malaysia | 0.88 | 2023 | -0.0062% | -6.21% | View data |
| 5 | 5 Belarus | 0.51 | 2023 | +5.34% | +8.25% | View data |
| 6 | 6 Brazil | 0.18 | 2023 | -11.04% | -8.22% | View data |
| 7 | 7 Pakistan | 0.004 | 2023 | +5.15% | +12.93% | View data |
| 8 | 8 Armenia | 0.002 | 2023 | +0.83% | -21.92% | View data |
| 9 | 9 Argentina | 0.001 | 2023 | -17.31% | -14.55% | View data |
| 10 | 10 Moldova | 0.001 | 2023 | +1.21% | +163.05% | View data |
