Eastern Asia: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Eastern Asia

The East Asian electromagnetic lifting head market was estimated at $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -2.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Production in Eastern Asia

In value terms, electromagnetic lifting head production stood at $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Electromagnetic Lifting Head Exports

Exports in Eastern Asia

In 2022, exports of electromagnets and electromagnetic lifting heads in Eastern Asia contracted modestly to X tons, with a decrease of -3.4% compared with 2021 figures. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, electromagnetic lifting head exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

China (X tons) and Japan (X tons) dominates exports structure, together achieving 83% of total exports. It was distantly followed by South Korea (X tons), mixing up a 9.5% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - together made up 7% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 91% share of total exports.

South Korea, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of electromagnets and electromagnetic lifting heads, when their volume decreased by -0.3% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, electromagnetic lifting head imports reduced slightly to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +27.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of electromagnets and electromagnetic lifting heads, namely China, Japan and South Korea, represented more than two-thirds of total import. Hong Kong SAR (X tons) took a 4.9% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (4.6%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electromagnets and electromagnetic lifting heads in Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by South Korea, with a 13% share.

In China, electromagnetic lifting head imports expanded at an average annual rate of +9.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.0% per year) and South Korea (+7.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, which is down by -3.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 6.3% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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