Israel: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Israel

For the fourth consecutive year, the Israeli electromagnetic lifting head market recorded growth in sales value, which increased by 24% to $X in 2022. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Electromagnetic Lifting Head Exports

Exports from Israel

In 2022, shipments abroad of electromagnets and electromagnetic lifting heads increased by 7.8% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a notable increase. The growth pace was the most rapid in 2014 with an increase of 78%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, electromagnetic lifting head exports rose notably to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for electromagnetic lifting head exports from Israel, accounting for a 30% share of total exports. Moreover, electromagnetic lifting head exports to the United States exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+76.1% per year) and the Czech Republic (+86.1% per year).

In value terms, the United States ($X) remains the key foreign market for electromagnets and electromagnetic lifting heads exports from Israel, comprising 30% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 14% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+82.3% per year) and the Czech Republic (+89.3% per year).

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 export price increased by +85.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and Australia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Israel

Electromagnetic lifting head imports into Israel soared to X tons in 2022, jumping by 21% compared with the previous year's figure. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, electromagnetic lifting head imports surged to $X in 2022. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest electromagnetic lifting head supplier to Israel, with a 45% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.8% per year) and Singapore (+80.5% per year).

In value terms, China ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Israel, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Singapore, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.8% per year) and Singapore (+82.2% per year).

Import Prices by Country

The average electromagnetic lifting head import price stood at $X per ton in 2022, surging by 1.9% against the previous year. In general, the import price showed mild growth. The most prominent rate of growth was recorded in 2018 an increase of 12%. The import price peaked at $X per ton in 2015; however, from 2016 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 countries with the highest prices were Hong Kong SAR ($X per ton) and Japan ($X per ton), while the price for Italy ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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