Scandinavia: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Scandinavia

In 2022, the Scandinavia electro-magnetic coupling market increased by 4.7% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Electro-Magnetic Coupling Production in Scandinavia

In value terms, electro-magnetic coupling production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,101%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports in Scandinavia

In 2022, electro-magnetic coupling exports in Scandinavia surged to X tons, with an increase of 68% against 2021 figures. Overall, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling exports skyrocketed to $X in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 145% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Finland was the main exporting country with an export of around X tons, which reached 74% of total exports. It was distantly followed by Sweden (X tons), mixing up a 26% share of total exports.

Finland was also the fastest-growing in terms of the electro-magnetic couplings, clutches and brakes exports, with a CAGR of +16.5% from 2012 to 2022. Sweden (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +43 percentage points.

In value terms, Finland ($X) remains the largest electro-magnetic coupling supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland totaled +23.5%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, shrinking by -6.9% against the previous year. In general, the export price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 68% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.0%).

Electro-Magnetic Coupling Imports

Imports in Scandinavia

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were imported in Scandinavia; increasing by 40% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling imports amounted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 11%. 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

In 2022, Finland (X tons) represented the largest importer of electro-magnetic couplings, clutches and brakes, creating 80% of total imports. It was distantly followed by Sweden (X tons), generating an 18% share of total imports. Norway (X tons) took a little share of total imports.

Finland was also the fastest-growing in terms of the electro-magnetic couplings, clutches and brakes imports, with a CAGR of +8.9% from 2012 to 2022. At the same time, Norway (+3.6%) displayed positive paces of growth. By contrast, Sweden (-5.3%) illustrated a downward trend over the same period. While the share of Finland (+29 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-28.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +4.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with a decrease of -21.5% against the previous year. Over the period under review, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 10% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform