Scandinavia: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Scandinavia

The Scandinavia electromagnetic lifting head market expanded remarkably to $X in 2022, rising by 5.5% against the previous year. In general, consumption continues to indicate a pronounced expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electromagnetic Lifting Head Production in Scandinavia

In value terms, electromagnetic lifting head production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed temperate growth. The growth pace was the most rapid in 2016 with an increase of 102%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports in Scandinavia

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported in Scandinavia; falling by -6.2% compared with the previous year. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +42.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The volume of export 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, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of electromagnets and electromagnetic lifting heads, committing 66% of total exports. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons). All these countries together took near 34% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of electromagnets and electromagnetic lifting heads. At the same time, Finland (+11.6%) and Norway (+8.6%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.6% from 2012-2022. From 2012 to 2022, the share of Finland and Norway increased by +17 and +2.3 percentage points, respectively.

In value terms, Sweden ($X) remains the largest electromagnetic lifting head supplier in Scandinavia, comprising 61% of total exports. The second position in the ranking was taken by Finland ($X), with a 22% share of total exports.

In Sweden, electromagnetic lifting head exports increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+12.6% per year) and Norway (+19.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, declining by -9.4% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 33%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+9.9%), while the other leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports in Scandinavia

In 2022, the amount of electromagnets and electromagnetic lifting heads imported in Scandinavia stood at X tons, with an increase of 5.7% on the previous year's figure. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, electromagnetic lifting head imports fell to $X in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Finland (X tons) and Sweden (X tons) represented the main importers of electromagnets and electromagnetic lifting heads in 2022, finishing at near 48% and 40% of total imports, respectively. It was distantly followed by Norway (X tons), creating a 12% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of +7.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported electromagnets and electromagnetic lifting heads in Scandinavia, comprising 61% of total imports. The second position in the ranking was taken by Finland ($X), with a 24% share of total imports.

In Sweden, electromagnetic lifting head imports increased at an average annual rate of +12.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+7.8% per year) and Norway (+1.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, with a decrease of -10.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform