Austria: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Austria

The Austrian electromagnetic lifting head market dropped rapidly to $X in 2022, with a decrease of -30% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electromagnetic Lifting Head Production in Austria

In value terms, electromagnetic lifting head production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electromagnetic Lifting Head Exports

Exports from Austria

In 2022, overseas shipments of electromagnets and electromagnetic lifting heads increased by 67% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electromagnetic lifting head exports surged to $X in 2022. Overall, exports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Serbia (X tons) and Hungary (X tons) were the main destinations of electromagnetic lifting head exports from Austria, with a combined 61% share of total exports. Turkey, Germany, Saudi Arabia, China, Italy, Slovakia and the United States lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +100.4%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Romania ($X) and Serbia ($X) appeared to be the largest markets for electromagnetic lifting head exported from Austria worldwide, with a combined 58% share of total exports. Germany, Saudi Arabia, Italy, China, Turkey, the United States and Slovakia lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +88.0%, saw 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 electromagnetic lifting head export price amounted to $X per ton, with a decrease of -30.1% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 an increase of 16% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 the United States (+9.4%), while the prices for the other major destinations experienced a decline.

Electromagnetic Lifting Head Imports

Imports into Austria

Electromagnetic lifting head imports into Austria rose sharply to X tons in 2022, increasing by 9.9% against the previous year's figure. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electromagnetic lifting head imports declined to $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +40.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of electromagnetic lifting head imports to Austria, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +118.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Austria, comprising 57% of total imports. The second position in the ranking was taken by France ($X), with an 8.5% share of total imports. It was followed by Italy, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+40.0% per year) and Italy (+18.2% per year).

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, dropping by -10.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 an increase of 58% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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