Pakistan: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Pakistan

The Pakistani electromagnetic lifting head market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports from Pakistan

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported from Pakistan; dropping by -38.3% against the previous year. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 16,545% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, electromagnetic lifting head exports surged to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 5,009% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Singapore (X tons) was the main destination for electromagnetic lifting head exports from Pakistan, with a 56% share of total exports. Moreover, electromagnetic lifting head exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at +672.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+1,208.4% per year) and the United Arab Emirates (+106.1% per year).

In value terms, the largest markets for electromagnetic lifting head exported from Pakistan were Hong Kong SAR ($X), Singapore ($X) and Poland ($X), with a combined 80% share of total exports.

Hong Kong SAR, with a CAGR of +1,419.1%, saw 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

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, with an increase of 99% against the previous year. Over the period under review, the export price saw a noticeable expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 110% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while the average price for exports to the UK ($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 the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Pakistan

In 2022, overseas purchases of electromagnets and electromagnetic lifting heads increased by 27% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 435% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, electromagnetic lifting head imports dropped to $X in 2022. In general, imports saw a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 373% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest electromagnetic lifting head supplier to Pakistan, with a 44% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+23.9% per year) and Germany (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Pakistan, comprising 36% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+16.1% per year) and Germany (-4.6% per year).

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, waning by -32.6% against the previous year. Overall, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 50%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 New Zealand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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