South-Eastern Asia: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in South-Eastern Asia

In 2022, the Southeast Asian electromagnetic lifting head market increased by 0.8% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Production in South-Eastern Asia

In value terms, electromagnetic lifting head production contracted to $X in 2022 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electromagnetic Lifting Head Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported in South-Eastern Asia; reducing by -8.8% against the previous year's figure. In general, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 37%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, electromagnetic lifting head exports dropped to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 47%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Thailand (X tons) dominates exports structure, together creating 79% of total exports. It was distantly followed by Singapore (X tons), Malaysia (X tons) and Indonesia (X tons), together constituting an 18% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +16.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest electromagnetic lifting head supplier in South-Eastern Asia, comprising 42% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Singapore, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to +17.5%. In the other countries, the average annual rates were as follows: Thailand (+0.5% per year) and Singapore (-8.4% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.8%), while the other leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of electromagnets and electromagnetic lifting heads increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, electromagnetic lifting head imports totaled $X in 2022. Overall, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of electromagnets and electromagnetic lifting heads, achieving 43% of total imports. Vietnam (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (15%), Malaysia (9.9%), the Philippines (8.2%) and Singapore (5.4%).

From 2012 to 2022, average annual rates of growth with regard to electromagnetic lifting head imports into Thailand stood at +1.7%. At the same time, Vietnam (+10.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +10.2% from 2012-2022. By contrast, Indonesia (-3.0%), the Philippines (-3.4%), Malaysia (-5.4%) and Singapore (-12.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by +12 and +11 percentage points, respectively.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 75% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, waning by -8.3% against the previous year. In general, the import price saw a pronounced setback. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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