Greece: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Greece

The Greek electro-magnetic coupling market soared to $X in 2022, with an increase of 267% 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). Overall, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Greece

Electro-magnetic coupling exports from Greece dropped rapidly to X tons in 2022, waning by -52.1% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 639% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, electro-magnetic coupling exports soared to $X in 2022. In general, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 120% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for electro-magnetic coupling exports from Greece, with a 87% share of total exports. Moreover, electro-magnetic coupling exports to Bulgaria exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. Serbia (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+165.9% per year) and Serbia (0.0% per year).

In value terms, Bulgaria ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from Greece, comprising 55% of total exports. The second position in the ranking was held by Cyprus ($X), with a 13% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria stood at +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+26.0% per year) and the UK (+161.3% per year).

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, picking up by 181% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($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 Nigeria (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Electro-Magnetic Coupling Imports

Imports into Greece

In 2022, purchases abroad of electro-magnetic couplings, clutches and brakes increased by 74% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 159% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, electro-magnetic coupling imports surged to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by 179%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of electro-magnetic coupling to Greece, with a 49% share of total imports. Moreover, electro-magnetic coupling imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.4% per year) and China (+12.0% per year).

In value terms, the largest electro-magnetic coupling suppliers to Greece were Italy ($X), Germany ($X) and Finland ($X), together accounting for 71% of total imports.

Finland, with a CAGR of +114.0%, saw the highest rates of growth with regard to the value of imports, among 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, which is down by -26.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 when the average import price increased by 90% against the previous year. The import price peaked at $X per ton in 2021, and then dropped dramatically in the following year.

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 Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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