India: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in India

The Indian electromagnetic lifting head market rose to $X in 2022, growing by 2% against the previous year. Overall, consumption posted a remarkable increase. Electromagnetic lifting head consumption peaked in 2022 and is likely to see steady growth in the near future.

Electromagnetic Lifting Head Production in India

In value terms, electromagnetic lifting head production totaled $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports from India

In 2022, the amount of electromagnets and electromagnetic lifting heads exported from India was estimated at X tons, increasing by 2.5% compared with 2021. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 80% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, electromagnetic lifting head exports rose markedly to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), Nepal (X tons) and the United States (X tons) were the main destinations of electromagnetic lifting head exports from India, together comprising 38% of total exports. China, Bangladesh, Canada, Nigeria, the United Arab Emirates, Russia, South Africa, Saudi Arabia, Uganda and Poland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +123.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electromagnetic lifting head exported from India were Germany ($X), China ($X) and the United States ($X), with a combined 56% share of total exports. Nepal, Canada, the United Arab Emirates, Bangladesh, Saudi Arabia, Nigeria, South Africa, Russia, Uganda and Poland lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Russia, with a CAGR of +88.9%, saw the highest growth rate of 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

The average electromagnetic lifting head export price stood at $X per ton in 2022, rising by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 an increase of 19% against the previous year. The export price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 China (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into India

In 2022, overseas purchases of electromagnets and electromagnetic lifting heads increased by 20% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2018 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electromagnetic lifting head imports expanded rapidly to $X in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electromagnetic lifting head to India, with a 65% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.9% per year) and Germany (+2.1% per year).

In value terms, China ($X), France ($X) and Germany ($X) appeared to be the largest electromagnetic lifting head suppliers to India, with a combined 65% share of total imports.

Among the main suppliers, France, with a CAGR of +36.3%, recorded 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, with a decrease of -6.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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