Scandinavia: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Scandinavia

In 2022, the Scandinavia electro-magnetic coupling market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electro-Magnetic Coupling Production in Scandinavia

In value terms, electro-magnetic coupling production fell to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Electro-Magnetic Coupling Exports

Exports in Scandinavia

Electro-magnetic coupling exports skyrocketed to X tons in 2022, surging by X% against 2021 figures. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling exports surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Finland was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Sweden (X tons), committing a X% share of total exports.

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

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

In Finland, electro-magnetic coupling exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

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

Electro-Magnetic Coupling Imports

Imports in Scandinavia

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were imported in Scandinavia; with an increase of X% compared with 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-magnetic coupling imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Finland represented the main importer of electro-magnetic couplings, clutches and brakes in Scandinavia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Sweden (X tons), achieving a X% share of total imports. Norway (X tons) took a minor 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 X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. By contrast, Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electro-magnetic coupling importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, declining by X% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform