Saudi Arabia: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Saudi Arabia

The Saudi electromagnetic lifting head market dropped to $X in 2022, which is down by -11.5% against the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. Electromagnetic lifting head consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electromagnetic Lifting Head Production in Saudi Arabia

In value terms, electromagnetic lifting head production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 22%. Electromagnetic lifting head production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Electromagnetic Lifting Head Exports

Exports from Saudi Arabia

For the fifth consecutive year, Saudi Arabia recorded growth in shipments abroad of electromagnets and electromagnetic lifting heads, which increased by 4.2% to X tons in 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 527% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, electromagnetic lifting head exports shrank to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 471%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The UK (X tons), India (X tons) and France (X kg) were the main destinations of electromagnetic lifting head exports from Saudi Arabia, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +91.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from Saudi Arabia, comprising 57% of total exports. The second position in the ranking was taken by India ($X), with a 22% share of total exports. It was followed by France, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +48.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+68.1% per year) and France (+48.6% per year).

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, dropping by -13.1% against the previous year. In general, the export price saw a deep reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 191%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($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 France (-2.3%), while the prices for the other major destinations experienced a decline.

Electromagnetic Lifting Head Imports

Imports into Saudi Arabia

Electromagnetic lifting head imports into Saudi Arabia soared to X tons in 2021, picking up by 75% against the previous year. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 83% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electromagnetic lifting head imports soared to $X in 2021. Over the period under review, imports showed buoyant growth. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest electromagnetic lifting head supplier to Saudi Arabia, with a 42% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.6% per year) and the United States (+5.9% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest electromagnetic lifting head suppliers to Saudi Arabia, with a combined 49% share of total imports. France, India and South Korea lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, France, with a CAGR of +20.2%, saw the highest rates of growth with regard to 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 2021, surging by 5.7% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by France (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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