Benelux: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Benelux

In 2022, the Benelux electro-magnetic coupling market increased by 5.2% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Production in Benelux

In value terms, electro-magnetic coupling production rose to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 56%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports in Benelux

In 2022, after two years of growth, there was significant decline in overseas shipments of electro-magnetic couplings, clutches and brakes, when their volume decreased by -34.9% to X tons. Over the period under review, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 54% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, electro-magnetic coupling exports fell rapidly to $X in 2022. In general, exports saw a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. The level of export peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) represented the largest exporter of electro-magnetic couplings, clutches and brakes in Benelux, constituting 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +4.5%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, the Netherlands, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2015 when the export price increased by 11%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%).

Electro-Magnetic Coupling Imports

Imports in Benelux

In 2022, the amount of electro-magnetic couplings, clutches and brakes imported in Benelux was estimated at X tons, stabilizing at the year before. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +95.0% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 73%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, electro-magnetic coupling imports reduced to $X in 2022. Overall, imports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 36%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium represented the largest importer of electro-magnetic couplings, clutches and brakes in Benelux, with the volume of imports resulting at X tons, which was near 81% of total imports in 2022. It was distantly followed by the Netherlands (X tons), constituting an 18% share of total imports.

Belgium was also the fastest-growing in terms of the electro-magnetic couplings, clutches and brakes imports, with a CAGR of +4.9% from 2012 to 2022. The Netherlands (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +14 percentage points.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, the Netherlands, with a CAGR of -1.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, reducing by -13.3% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 30%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%).

Source: IndexBox Platform