Clutches and shaft couplings market in Italy

Earlier Report Observations

The Italian market for clutches and shaft couplings experienced strong growth from 2018 to 2021, with its volume expanding from 2,604 t to 9,490 t. This upward trend reversed sharply in 2022 when the market contracted to 5,791 t.

The market decline in 2022 aligned with the entry into force of EU Regulation 720/2022 on vertical sales, which introduced new rules for selective distribution and online sales of industrial components. These regulatory changes affected distribution channels and market access, creating an adaptation period that contributed to the temporary reduction in overall market volume. Updated European Commission guidelines on vertical restrictions further clarified competition rules, influencing commercial strategies during this transition.

Following the downturn, the market volume decreased further to 4,671 t in 2023 before recovering to 5,258 t in 2024. The sector's foundation, supported by established Italian manufacturers like MWM and Ortlinghaus offering customized solutions, provided underlying stability through these fluctuations.

Production clutches and shaft couplings in Italy

In value, 2017-2020, M $ US

Italy's production of clutches and shaft couplings has increased for the second consecutive year. In 2020, output was valued at 328.5 million US dollars, marking a 16.6% rise from the previous year. Over the period from 2017 to 2020, production grew by 21.3%, with a compound annual growth rate of 6.6%. The lowest value was recorded in 2018 at 247.8 million US dollars, which also saw the largest decline of 8.5%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, t

Clutches and shaft couplings production in Italy has increased for the second consecutive year. In 2020, 23,402 tonnes were produced, showing a modest increase of 8.3% from the previous year. However, over the period from 2017 to 2020, production decreased by 12%, with a compound annual growth rate of 4.2%. The lowest value was recorded in 2018 at 18,311 tonnes, which experienced the largest decline of 31.2%. In contrast, the largest increase occurred in 2019, with an 18.0% rise.

Annual dynamics of production in Italy in kind, 2017-2020, t

Exports clutches and shaft couplings from Italy

Exports in kind, t

After a two-year increase, exports of clutches and shaft couplings from Italy declined. In 2020, exports reached 24,565 tonnes, representing a 3.4% contraction compared to the previous year. Between 2017 and 2020, exports increased by 13%, equating to an annualized rate of 4.1%. The highest value was recorded in 2019 at 25,418 tonnes, while the largest increase occurred in 2018 with a 13.3% rise.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

The structure of exports in kind from 2017 to 2020 shows a diversified set of partners. Germany accounted for 13.2% of exports in kind, the United States for 10.8%, and Spain for 8.0%, together making up only 32.1% of total flows. The remaining 67.9% was distributed among numerous smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Exports of clutches and shaft couplings from Italy declined for the second consecutive year. In 2020, export volume was recorded at 280.9 million US dollars, representing a moderate loss of 4.2% compared to 2019. Between 2017 and 2020, exports increased by 6.6%, equating to an annualized rate of 2.1%. The highest value was recorded in 2018 at 303.7 million US dollars, which also saw the largest increase of 15.2%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

The market base for exports in value terms from 2017 to 2020 was broad. Germany accounted for 14.3% of exports in value terms, the United States for 10.2%, and Hungary for 5.4%, together representing just 29.8% of total flows. The remaining 70.2% was shared by numerous other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports clutches and shaft couplings to Italy

Imports in kind, t

Imports of clutches and shaft couplings into Italy declined for the second consecutive year. In 2020, imports came to 7,125 tonnes, constituting an 11.7% decline from the previous year. The highest value was recorded in 2018 at 8,944 tonnes, which also experienced the largest increase of 24.8%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, China accounted for 58.1% of imports in kind, Germany for 16.1%, and India for 13.2%, together absorbing 87.4% of total imports in kind of clutches and shaft couplings to Italy, making them the main sources.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Cross-border shipments of clutches and shaft couplings into Italy declined for the second consecutive year. In 2020, Italy imported a total of 84.2 million US dollars of clutches and shaft couplings, which is 7.9% weaker than the previous year. The highest value was recorded in 2018 at 101.0 million US dollars, which saw the largest increase of 19.2%. The largest decline occurred in 2019 with a 9.5% drop.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, Germany accounted for 35.8% of imports in value terms, China for 22.8%, and the United States for 9.5%, continuing to be the main suppliers of clutches and shaft couplings to Italy, jointly forming 68.2% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020