Australia: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Australia

The Australian electro-magnetic coupling market declined to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from Australia

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a noticeable shrinkage. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons), Chile (X tons) and Taiwan (Chinese) (X kg) were the main destinations of electro-magnetic coupling exports from Australia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electro-magnetic coupling exported from Australia were Papua New Guinea ($X), Chile ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($X per ton) and South Africa ($X per ton), while the average price for exports to Poland ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Australia

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were imported into Australia; which is down by X% against 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling imports fell to $X in 2022. In general, total imports indicated a perceptible increase 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 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of electro-magnetic coupling imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electro-magnetic coupling suppliers to Australia were China ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electro-magnetic coupling import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform