China: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in China

The Chinese electro-magnetic coupling market reached $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Electro-magnetic coupling consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Production in China

In value terms, electro-magnetic coupling production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -0.3% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from China

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes increased by 0.5% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports expanded sharply to $X in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for electro-magnetic coupling exports from China, accounting for a 25% share of total exports. Moreover, electro-magnetic coupling exports to the United States exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.2% per year) and Japan (-3.6% per year).

In value terms, the United States ($X), Japan ($X) and India ($X) were the largest markets for electro-magnetic coupling exported from China worldwide, together accounting for 37% of total exports. Vietnam, South Korea, Thailand, Indonesia, Brazil, Russia, France, Poland and Canada lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Poland, with a CAGR of +20.8%, 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, picking up by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 an increase of 7.3% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 Thailand (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into China

In 2022, supplies from abroad of electro-magnetic couplings, clutches and brakes increased by 6.7% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +24.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, electro-magnetic coupling imports expanded remarkably to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +31.5% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 37%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of electro-magnetic coupling imports to China, together accounting for 61% of total imports. France, Vietnam, the United States, Romania and South Korea lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +25.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and France ($X) were the largest electro-magnetic coupling suppliers to China, with a combined 62% share of total imports. The United States, Thailand, Vietnam, Romania and South Korea lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Vietnam, with a CAGR of +31.0%, recorded the highest growth rate of the value of imports, 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, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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