Eastern Asia: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Eastern Asia

In 2022, the East Asian electro-magnetic coupling market decreased by -1.1% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electro-Magnetic Coupling Production in Eastern Asia

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 +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports in Eastern Asia

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes increased by 1.8% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, electro-magnetic coupling exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of around X tons, which resulted at 66% of total exports. Japan (X tons) ranks second in terms of the total exports with a 16% share, followed by Hong Kong SAR (9.2%) and South Korea (6.3%). Taiwan (Chinese) (X tons) held a little 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, Hong Kong SAR (+4.4%) and South Korea (+2.5%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +4.4% from 2012-2022. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. While the share of Hong Kong SAR (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electro-magnetic coupling supplier in Eastern Asia, comprising 54% of total exports. The second position in the ranking was held by Japan ($X), with a 24% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

In China, electro-magnetic coupling exports increased at an average annual rate of +2.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.6% per year) and Hong Kong SAR (+6.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the export price increased by 7.4%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($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) (+9.6%), while the other leaders experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports in Eastern Asia

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were imported in Eastern Asia; reducing by -5% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electro-magnetic coupling imports totaled $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China was the largest importer of electro-magnetic couplings, clutches and brakes in Eastern Asia, with the volume of imports resulting at X tons, which was near 52% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), South Korea (X tons) and Japan (X tons), together mixing up a 44% share of total imports. Taiwan (Chinese) (X tons) held 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 +7.8%. At the same time, South Korea (+12.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +12.3% from 2012-2022. By contrast, Japan (-1.7%), Taiwan (Chinese) (-2.2%) and Hong Kong SAR (-7.5%) illustrated a downward trend over the same period. While the share of China (+26 p.p.) and South Korea (+9.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-2 p.p.) and Hong Kong SAR (-31.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electro-magnetic couplings, clutches and brakes in Eastern Asia, comprising 59% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +7.0%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+0.9% per year) and South Korea (+4.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 an increase of 9.5%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while Hong Kong SAR ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :