Ireland: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Ireland

In 2022, the Irish electro-magnetic coupling market decreased by -19.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, showed a tangible increase. Electro-magnetic coupling consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Ireland

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were exported from Ireland; declining by -39.2% on 2021 figures. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by 393%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports dropped notably to $X in 2022. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 223% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X kg) were the main destinations of electro-magnetic coupling exports from Ireland, with a combined 63% share of total exports. France, Romania, Spain, Belgium, the Czech Republic, Australia, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +86.1%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) constituted the largest markets for electro-magnetic coupling exported from Ireland worldwide, with a combined 69% share of total exports. France, Spain, Belgium, Australia, Romania, Italy, the Czech Republic and the United Arab Emirates lagged somewhat behind, together accounting for a further 16%.

Romania, with a CAGR of +55.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, with an increase of 14% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 the United Arab Emirates (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Ireland

In 2022, supplies from abroad of electro-magnetic couplings, clutches and brakes decreased by 0% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 195%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electro-magnetic coupling imports stood at $X in 2022. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 199%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of electro-magnetic coupling imports to Ireland, together accounting for 74% of total imports. Italy, the UK and Belgium lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +90.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and the UK ($X) appeared to be the largest electro-magnetic coupling suppliers to Ireland, together accounting for 60% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +63.2%, saw the highest rates of growth with regard to 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

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :