Clutches and shaft couplings market in Spain

Earlier Report Observations

The Spanish market for clutches and shaft couplings, measured in physical volume, contracted from 8 606 tons in 2018 to a low of 5 610 tons in 2020. A recovery phase began in 2021, with volume reaching 5 967 tons in 2022 and then accelerating to 6 848 tons in 2023 before a sharp increase to 9 373 tons in 2024.

Domestic production fluctuated over the period, falling to 4 031 tons in 2019 before recovering to 6 360 tons in 2024. Imports dropped to 2 569 tons in 2020 but rebounded to 4 763 tons by 2024, while exports remained between 1 330 and 1 873 tons annually.

In value terms, the market declined from $62.9 million in 2018 to $55.6 million in 2020, then recovered to $78.0 million in 2024, with the growth in value accompanying the rise in physical volume during the latter years.

Production clutches and shaft couplings in Spain

In value, 2017-2020, K $ US

In 2020, Spain's output of clutches and shaft couplings was valued at 48 328 thousand US dollars, marking a gradual increase of 6.0% compared to 2019. Over the period from 2017 to 2020, production grew by 14.5%, which translates to an annualized rate of 4.6%. The largest increase occurred in 2018 at 8.4%, while the smallest change was a slight decline of 0.3% in 2019.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Spain produced 4 371 tonnes of clutches and shaft couplings, reflecting an 8.4% increase from the previous year. However, from 2017 to 2020, overall production decreased by 7.6%, with a compound annual growth rate of -2.6%. The highest production level was recorded in 2018 at 4 927 tonnes, followed by a significant drop of 18.2% in 2019 to 4 031 tonnes, which was the lowest point in this period.

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

Exports clutches and shaft couplings from Spain

Exports in kind, t

After two years of growth, Spain's export volume of clutches and shaft couplings declined in 2020, totaling 1 330 tonnes—a sharp decrease of 29.0% compared to 2019. Over the 2017-2020 period, exports fell by 8%, with a compound annual growth rate of -2.7%. The peak was in 2019 at 1 873 tonnes, which also saw the largest increase of 19.8% that year.

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

From 2017 to 2020, Spain's exports of clutches and shaft couplings in kind were distributed across a diverse range of partners. Germany accounted for 16.7% of exports, the United States for 7.5%, and China for 7.2%, together making up 31.4% of total flows. The remaining 68.6% was spread among numerous smaller markets.

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

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

Exports in value, K $ US

Following a two-year uptick, Spain's exports of clutches and shaft couplings in value terms declined in 2020, amounting to 34 142 thousand US dollars—a significant drop of 14.4% year-over-year. Between 2017 and 2020, exports increased by 4.2%, equating to an annualized rate of 1.4%. The highest value was recorded in 2019 at 39 870 thousand US dollars, with the largest increase of 19.7% occurring in 2018.

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

In the 2017-2020 period, Germany, the United States, and Italy played notable but not dominant roles as buyers of clutches and shaft couplings from Spain in value terms. Germany accounted for 13.7% of exports, the United States for 8.7%, and Italy for 6.9%, with their combined share reaching 29.3% of total exports.

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

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

Imports clutches and shaft couplings to Spain

Imports in kind, t

Spain's import volume of clutches and shaft couplings declined for the second consecutive year in 2020, totaling 2 569 tonnes—a substantial decrease of 47.2% compared to 2019. From 2017 to 2020, imports fell by 48.5%, with an annualized rate of -19.8%. The peak was in 2018 at 5 241 tonnes, which also saw the largest increase of 5.1% that year.

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

From 2017 to 2020, Italy, Germany, and Slovakia were the principal suppliers of clutches and shaft couplings to Spain in kind. Italy accounted for 40.0% of imports, Germany for 33.1%, and Slovakia for 7.4%, together making up 80.6% of total imports.

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

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

Imports in value, K $ US

Spain's imports of clutches and shaft couplings in value terms declined for the second year in a row in 2020, amounting to 41 399 thousand US dollars—a steep fall of 26.2% versus the previous year. Over the 2017-2020 period, imports decreased by 19.4%, with a compound annual growth rate of -6.9%. The maximum value was recorded in 2018 at 56 424 thousand US dollars, which also experienced the largest increase of 9.8% that year.

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

In the 2017-2020 period, Germany, Italy, and Slovakia were the main sources in the geographical breakdown of Spain's imports of clutches and shaft couplings in value terms. Germany accounted for 36.4% of imports, Italy for 20.9%, and Slovakia for 9.6%, with a combined share of 66.9% of total flows.

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

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