Spain: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Spain

In 2022, the Spanish electro-magnetic coupling market decreased by -17.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Electro-magnetic coupling consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electro-Magnetic Coupling Production in Spain

In value terms, electro-magnetic coupling production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 19%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from Spain

In 2022, after four years of decline, there was significant growth in shipments abroad of electro-magnetic couplings, clutches and brakes, when their volume increased by 20% to X tons. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 60%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for electro-magnetic coupling exports from Spain, accounting for a 80% share of total exports. Moreover, electro-magnetic coupling exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.6% per year) and the United States (+4.9% per year).

In value terms, Germany ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from Spain, comprising 59% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.8% per year) and France (+0.1% per year).

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into Spain

In 2022, supplies from abroad of electro-magnetic couplings, clutches and brakes was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2018 when imports increased by 123% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, electro-magnetic coupling imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of 83%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of electro-magnetic coupling imports to Spain, with a combined 73% share of total imports. Poland, Austria, China and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +82.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the largest electro-magnetic coupling suppliers to Spain, with a combined 71% share of total imports. Poland, Austria, the United States and China lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Poland, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of imports, 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, picking up by 2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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