Saudi Arabia: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Saudi Arabia

The Saudi electro-magnetic coupling market amounted to $X in 2022, flattening at the previous year. In general, consumption, however, recorded a strong increase. Electro-magnetic coupling consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Production in Saudi Arabia

In value terms, electro-magnetic coupling production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 159% against the previous year. Electro-magnetic coupling production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from Saudi Arabia

In 2022, exports of electro-magnetic couplings, clutches and brakes from Saudi Arabia dropped remarkably to X tons, with a decrease of -34.1% against the year before. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 823% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electro-magnetic coupling exports dropped rapidly to $X in 2022. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 869%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for electro-magnetic coupling exports from Saudi Arabia, with a 32% share of total exports. Moreover, electro-magnetic coupling exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), threefold. The third position in this ranking was held by France (X kg), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and France (0.0% per year).

In value terms, Germany ($X), Austria ($X) and France ($X) appeared to be the largest markets for electro-magnetic coupling exported from Saudi Arabia worldwide, together comprising 47% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, 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, therefore, remained relatively stable against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electro-magnetic coupling export price increased by +28.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 84% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($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 Bahrain (+10.0%).

Electro-Magnetic Coupling Imports

Imports into Saudi Arabia

In 2021, electro-magnetic coupling imports into Saudi Arabia amounted to X tons, almost unchanged from 2020 figures. Overall, imports continue to indicate a slight increase. The pace of growth was the most pronounced in 2013 when imports increased by 162% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electro-magnetic coupling imports totaled $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 342% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of electro-magnetic coupling to Saudi Arabia, accounting for a 34% share of total imports. Moreover, electro-magnetic coupling imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.2% per year) and Germany (-4.5% per year).

In value terms, Germany ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Saudi Arabia, comprising 32% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.0% per year) and China (+0.4% per year).

Import Prices by Country

The average electro-magnetic coupling import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price posted moderate growth. The growth pace was the most rapid in 2013 when the average import price increased by 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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