Italy: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Italy

In 2022, the Italian electromagnetic lifting head market increased by 38% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a slight decline. Electromagnetic lifting head consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electromagnetic Lifting Head Production in Italy

In value terms, electromagnetic lifting head production skyrocketed to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Electromagnetic Lifting Head Exports

Exports from Italy

Electromagnetic lifting head exports from Italy rose remarkably to X tons in 2022, increasing by 7.8% on 2021 figures. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +38.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electromagnetic lifting head exports soared to $X in 2022. The total export value increased at an average annual rate of +4.2% 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 2018 when exports increased by 16%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of electromagnetic lifting head exports from Italy, with a combined 41% share of total exports. Austria, Romania, China, the Netherlands, Turkey, Spain, Finland, Switzerland, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for electromagnetic lifting head exported from Italy worldwide, together comprising 46% of total exports. China, Romania, Austria, Spain, Turkey, the Netherlands, Switzerland, Poland, the Czech Republic and Finland lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Romania, with a CAGR of +16.5%, 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

The average electromagnetic lifting head export price stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Spain (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Italy

In 2022, imports of electromagnets and electromagnetic lifting heads into Italy expanded modestly to X tons, picking up by 3.7% compared with the year before. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, electromagnetic lifting head imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 28%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Vietnam (X tons), Germany (X tons) and China (X tons) were the main suppliers of electromagnetic lifting head imports to Italy, with a combined 52% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +99.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electromagnetic lifting head suppliers to Italy were Germany ($X), Vietnam ($X) and China ($X), together accounting for 52% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +116.2%, 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

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, rising by 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 an increase of 16%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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