Hong Kong SAR, China - Electro-Magnetic Couplings, Clutches And Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectro-Magnetic Coupling Price in Hong Kong SAR - 2023
Contents:
- Electro-Magnetic Coupling Price in Hong Kong SAR (CIF) - 2023
- Electro-Magnetic Coupling Price in Hong Kong SAR (FOB) - 2023
- Electro-Magnetic Coupling Imports in Hong Kong SAR
- Electro-Magnetic Coupling Exports in Hong Kong SAR
Electro-Magnetic Coupling Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average electro-magnetic coupling import price amounted to $22,667 per ton, surging by 42% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 49% month-to-month. As a result, import price reached the peak level of $23,746 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($41,787 per ton), while the price for China stood at $21,208 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%).
Electro-Magnetic Coupling Price in Hong Kong SAR (FOB) - 2023
The average electro-magnetic coupling export price stood at $18,609 per ton in August 2023, surging by 13% against the previous month. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in December 2022 an increase of 22% month-to-month. Over the period under review, the average export prices attained the maximum at $27,935 per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Indonesia ($20,959 per ton), while the average price for exports to Malaysia ($13,333 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.8%), while the prices for the other major destinations experienced a decline.
Electro-Magnetic Coupling Imports in Hong Kong SAR
In 2022, approx. 2K tons of electro-magnetic couplings, clutches and brakes were imported into Hong Kong SAR; dropping by -33.2% on 2021. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 31%.
In value terms, electro-magnetic coupling imports dropped remarkably to $36M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 36%.
| Import of Electro-Magnetic Coupling in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.5 | 30.8 | 39.5 | 32.5 | -10.6% |
| Vietnam | N/A | N/A | N/A | 0.5 | 0% |
| Others | 1.9 | 2.2 | 5.3 | 2.8 | 13.8% |
| Total | 47.4 | 33.0 | 44.9 | 35.8 | -8.9% |
Top Suppliers of Electro-Magnetic Coupling to Hong Kong SAR in 2022:
- China (1914.9 tons)
- Vietnam (40.7 tons)
Electro-Magnetic Coupling Exports in Hong Kong SAR
In 2022, approx. 1.9K tons of electro-magnetic couplings, clutches and brakes were exported from Hong Kong SAR; growing by 8.2% compared with the previous year's figure. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electro-magnetic coupling exports skyrocketed to $38M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Electro-Magnetic Coupling in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.0 | 10.7 | 14.0 | 15.3 | 72.1% |
| China | 6.5 | 7.4 | 8.5 | 8.1 | 7.6% |
| United States | 1.5 | 0.9 | 2.6 | 5.4 | 53.3% |
| Thailand | 1.5 | 1.3 | 1.9 | 2.6 | 20.1% |
| Mexico | 1.1 | 0.7 | 1.2 | 1.7 | 15.6% |
| Indonesia | N/A | 0.3 | 0.9 | 1.6 | 130.9% |
| United Kingdom | 0.7 | 0.1 | 0.8 | 0.5 | -10.6% |
| Malaysia | 0.5 | 0.4 | 0.4 | 0.5 | 0.0% |
| Vietnam | 0.9 | 1.4 | 1.0 | 0.4 | -23.7% |
| Others | 0.8 | 0.8 | 0.6 | 1.7 | 28.6% |
| Total | 16.4 | 24.0 | 32.0 | 37.9 | 32.2% |
Top Export Markets for Electro-Magnetic Coupling from Hong Kong SAR in 2022:
- Japan (902.5 tons)
- China (343.6 tons)
- United States (236.2 tons)
- Thailand (142.4 tons)
- Indonesia (62.2 tons)
- Mexico (39.9 tons)
- Malaysia (34.8 tons)
- United Kingdom (31.5 tons)
- Vietnam (13.5 tons)
This report provides an in-depth analysis of the electro-magnetic coupling market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27904050 - Electro-magnetic couplings, clutches and brakes (excluding mechanical hydraulic or pneumatic brakes controlled by electro-magnetic devices)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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