Austria: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Austria

The Austrian electro-magnetic coupling market fell slightly to $X in 2022, reducing by -4.9% against the previous year. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market attained the peak level at $X in 2021, and then reduced modestly in the following year.

Electro-Magnetic Coupling Production in Austria

In value terms, electro-magnetic coupling production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 129% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Austria

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling exports soared to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for electro-magnetic coupling exports from Austria, with a 36% share of total exports. Moreover, electro-magnetic coupling exports to Switzerland exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and the Czech Republic (+11.7% per year).

In value terms, the largest markets for electro-magnetic coupling exported from Austria were Switzerland ($X), the Czech Republic ($X) and the UK ($X), with a combined 48% share of total exports. Germany, the United States, the Netherlands, Italy, China, Canada, Sweden and Belgium lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Italy, with a CAGR of +35.3%, recorded the highest rates of growth with regard to 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

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, declining by -17.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.2%), while the prices for the other major destinations experienced a decline.

Electro-Magnetic Coupling Imports

Imports into Austria

Electro-magnetic coupling imports into Austria skyrocketed to X tons in 2022, with an increase of 27% compared with the previous year. In general, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% 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 +72.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electro-magnetic coupling imports surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +100.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest electro-magnetic coupling supplier to Austria, accounting for a 65% share of total imports. Moreover, electro-magnetic coupling imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.7% per year) and the UK (-27.6% per year).

In value terms, Germany ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Austria, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Switzerland, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.0% per year) and Switzerland (-9.5% per year).

Import Prices by Country

The average electro-magnetic coupling import price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2018 an increase of 22%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for the United States ($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 UK (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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