Ireland: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Ireland

The Irish electromagnetic lifting head market shrank to $X in 2022, waning by -14.5% against the previous year. Over the period under review, consumption recorded a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Electromagnetic Lifting Head Production in Ireland

In value terms, electromagnetic lifting head production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Electromagnetic Lifting Head Exports

Exports from Ireland

In 2022, overseas shipments of electromagnets and electromagnetic lifting heads were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electromagnetic lifting head exports fell to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and the UK (X tons) were the main destinations of electromagnetic lifting head exports from Ireland, together accounting for 69% of total exports. The United States, Spain, India, France, Belgium and Switzerland lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +22.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for electromagnetic lifting head exported from Ireland worldwide, together accounting for 62% of total exports. The UK, Belgium, France, Spain, India and Switzerland lagged somewhat behind, together accounting for a further 31%.

France, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, waning by -49.6% against the previous year. Over the period under review, the export price, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 116% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($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 Belgium (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Ireland

For the fifth year in a row, Ireland recorded decline in supplies from abroad of electromagnets and electromagnetic lifting heads, which decreased by 0% to X tons in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 61%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, electromagnetic lifting head imports totaled $X in 2022. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 83% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest electromagnetic lifting head supplier to Ireland, accounting for a 60% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.7% per year) and India (+90.3% per year).

In value terms, the largest electromagnetic lifting head suppliers to Ireland were China ($X), the Czech Republic ($X) and the UK ($X), with a combined 70% share of total imports. The United States, India, Germany, Spain and Italy lagged somewhat behind, together accounting for a further 20%.

India, with a CAGR of +88.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2020 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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