Paraguay: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Paraguay

The Paraguayan electro-magnetic coupling market declined to $X in 2022, with a decrease of -8.8% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Electro-magnetic coupling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports from Paraguay

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes decreased by -40% to X kg, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 380%. As a result, the exports attained the peak of X kg. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, electro-magnetic coupling exports dropped remarkably to $X in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 261%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X kg) and Brazil (X kg) were the main destinations of electro-magnetic coupling exports from Paraguay.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of 0.0%).

In value terms, Brazil ($X) and Argentina ($X) were the largest markets for electro-magnetic coupling exported from Paraguay worldwide.

Among the main countries of destination, Argentina, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, with a decrease of -1.8% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2013 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-12.2%).

Electro-Magnetic Coupling Imports

Imports into Paraguay

In 2022, overseas purchases of electro-magnetic couplings, clutches and brakes increased by 5.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electro-magnetic coupling imports dropped to $X in 2022. Over the period under review, imports, however, recorded a slight decline. The pace of growth was the most pronounced in 2018 with an increase of 46%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X kg), China (X kg) and the United States (X kg) were the main suppliers of electro-magnetic coupling imports to Paraguay, with a combined 80% share of total imports. Thailand, France, South Korea, India, Germany and Italy lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Paraguay, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.6% per year) and Germany (-7.3% per year).

Import Prices by Country

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, with a decrease of -19.3% against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform