Norway: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Norway

The Norwegian electro-magnetic coupling market contracted slightly to $X in 2022, which is down by -3.9% 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 posted a pronounced increase. Electro-magnetic coupling consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Norway

In 2022, approx. X kg of electro-magnetic couplings, clutches and brakes were exported from Norway; reducing by -70.3% compared with 2021. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 398%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports reduced remarkably to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 1,654% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X kg), Denmark (X kg) and the Netherlands (X kg) were the main destinations of electro-magnetic coupling exports from Norway, with a combined 59% share of total exports. Greece, Germany, the UK, Canada, Sweden, Iceland, the United Arab Emirates, Morocco, Belgium and Chile lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +82.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for electro-magnetic couplings, clutches and brakes exports from Norway, comprising 36% of total exports. The second position in the ranking was held by Canada ($X), with a 9.1% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+87.2% per year) and Germany (-22.1% per year).

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, with an increase of 87% against the previous year. Overall, the export price saw resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 877% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Denmark ($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 Greece (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Norway

In 2022, electro-magnetic coupling imports into Norway was estimated at X tons, stabilizing at 2021 figures. Overall, imports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 114% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electro-magnetic coupling imports reduced to $X in 2022. In general, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2020 when imports increased by 99% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of electro-magnetic coupling imports to Norway, with a combined 55% share of total imports. China, Sweden, Poland, Japan, the UK and the United States lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Norway, comprising 31% of total imports. The second position in the ranking was taken by Sweden ($X), with a 10% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+20.1% per year) and Italy (+25.4% per year).

Import Prices by Country

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, which is down by -11.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($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 (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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