Asia-Pacific: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Asia-Pacific

In 2022, the Asia-Pacific electro-magnetic coupling market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Electro-Magnetic Coupling Production in Asia-Pacific

In value terms, electro-magnetic coupling production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Electro-Magnetic Coupling Exports

Exports in Asia-Pacific

In 2022, overseas shipments of electro-magnetic couplings, clutches and brakes increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports expanded to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Japan (X tons) took the second position in the ranking, followed by Hong Kong SAR (X tons), Thailand (X tons) and South Korea (X tons). All these countries together held approx. X% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and India (X tons) - each recorded a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of electro-magnetic couplings, clutches and brakes. At the same time, Thailand (X%), India (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of Thailand (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electro-magnetic coupling supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports in Asia-Pacific

In 2022, overseas purchases of electro-magnetic couplings, clutches and brakes increased by less than X% to X tons, rising for the second consecutive year after six years of decline. Overall, imports enjoyed modest growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, electro-magnetic coupling imports amounted to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Hong Kong SAR (X tons), Malaysia (X tons), South Korea (X tons), Indonesia (X tons) and India (X tons), together constituting a X% share of total imports. Japan (X tons), the Philippines (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Vietnam (X tons) and Australia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electro-magnetic coupling imports into China stood at X%. At the same time, the Philippines (X%), South Korea (X%), India (X%), Singapore (X%), Vietnam (X%), Thailand (X%), Indonesia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Japan (X%), Australia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), South Korea (X p.p.), the Philippines (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.), Japan (X p.p.), Malaysia (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electro-magnetic couplings, clutches and brakes in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform