Republic of Korea: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Republic of Korea

For the third consecutive year, the South Korean electro-magnetic coupling market recorded growth in sales value, which increased by 6.7% to $X in 2022. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Electro-magnetic coupling consumption peaked in 2022 and is likely to see steady growth in the near future.

Electro-Magnetic Coupling Production in Republic of Korea

In value terms, electro-magnetic coupling production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 14%. Electro-magnetic coupling production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports from Republic of Korea

Electro-magnetic coupling exports from South Korea shrank notably to X tons in 2022, waning by -21.6% compared with the previous year. Over the period under review, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electro-magnetic coupling exports contracted dramatically to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -37.3% against 2017 indices. The pace of growth was the most pronounced in 2016 when exports increased by 34% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Brazil (X tons) and the United States (X tons) were the main destinations of electro-magnetic coupling exports from South Korea, together comprising 71% of total exports. Hungary, China, Poland and Japan lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +133.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electro-magnetic coupling exported from South Korea were Mexico ($X), Brazil ($X) and the United States ($X), together accounting for 68% of total exports. China, Hungary, Poland and Japan lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +97.8%, saw the highest rates of growth with regard to the value of exports, among 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

The average electro-magnetic coupling export price stood at $X per ton in 2022, with a decrease of -3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average export price increased by 9.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Brazil ($X per ton), while the average price for exports to Hungary ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Republic of Korea

In 2022, purchases abroad of electro-magnetic couplings, clutches and brakes increased by 21% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electro-magnetic coupling imports totaled $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 32%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of electro-magnetic coupling imports to South Korea, with a combined 89% share of total imports. France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 6.9%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +78.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest electro-magnetic coupling suppliers to South Korea, together comprising 82% of total imports. France and Taiwan (Chinese) lagged somewhat behind, together comprising a further 9.1%.

Taiwan (Chinese), with a CAGR of +69.2%, saw the highest growth rate of 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, falling by -8.2% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs 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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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