China: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in China

In 2022, the Chinese electromagnetic lifting head market decreased by -1.2% to $X, falling for the second year in a row after nine years of growth. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. Electromagnetic lifting head consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Production in China

In value terms, electromagnetic lifting head production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Electromagnetic lifting head production peaked at $X in 2020; afterwards, it flattened through to 2022.

Electromagnetic Lifting Head Exports

Exports from China

In 2022, the amount of electromagnets and electromagnetic lifting heads exported from China rose modestly to X tons, growing by 3.6% compared with the previous year. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, electromagnetic lifting head exports totaled $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of electromagnetic lifting head exports from China, together accounting for 38% of total exports. Germany, France, India, Thailand, Vietnam, Mexico, Poland, the UK, Hungary and Malaysia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +32.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for electromagnetic lifting head exported from China worldwide, with a combined 40% share of total exports. Germany, Mexico, Thailand, India, Vietnam, Poland, France, Hungary, the UK and Malaysia lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Vietnam, with a CAGR of +44.4%, 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, rising by 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Mexico ($X per ton), while the average price for exports to France ($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 Vietnam (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into China

After two years of growth, overseas purchases of electromagnets and electromagnetic lifting heads decreased by -4.5% to X tons in 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 36%. Imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, electromagnetic lifting head imports fell slightly to $X in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Germany (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of electromagnetic lifting head imports to China, with a combined 53% share of total imports. France, Thailand, Vietnam, Italy, Indonesia, Mexico, the United States, India, the Philippines and Poland lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +67.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and France ($X) constituted the largest electromagnetic lifting head suppliers to China, together accounting for 52% of total imports. The United States, South Korea, Italy, Thailand, Mexico, Vietnam, India, Poland, the Philippines and Indonesia lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Indonesia, with a CAGR of +59.4%, saw the highest growth rate of 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 electromagnetic lifting head import price stood at $X per ton in 2022, rising by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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