Bangladesh: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Bangladesh

The Bangladeshi electromagnetic lifting head market contracted to $X in 2022, with a decrease of -6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a resilient increase. Electromagnetic lifting head consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Exports

Exports from Bangladesh

In 2022, electromagnetic lifting head exports from Bangladesh contracted to X kg, dropping by -6.3% against the year before. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,157% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2021, and then dropped in the following year.

In value terms, electromagnetic lifting head exports declined rapidly to $X in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 3,524% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

India (X kg) was the main destination for electromagnetic lifting head exports from Bangladesh, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India totaled +34.8%.

In value terms, India ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +49.6%.

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, reducing by -41.9% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 103%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +11.0% per year.

Electromagnetic Lifting Head Imports

Imports into Bangladesh

In 2022, imports of electromagnets and electromagnetic lifting heads into Bangladesh reduced to X tons, waning by -12.9% compared with the year before. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 337%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electromagnetic lifting head imports shrank modestly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 171% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons) and China (X tons) were the main suppliers of electromagnetic lifting head imports to Bangladesh.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.6%).

In value terms, India ($X) and China ($X) were the largest electromagnetic lifting head suppliers to Bangladesh.

Among the main suppliers, China, with a CAGR of +6.0%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electromagnetic lifting head import price increased by +59.1% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 41%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%).

Source: IndexBox Platform

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