U.S.: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in the U.S.

The U.S. electromagnetic lifting head market rose rapidly to $X in 2022, with an increase of 9.2% against the previous year. In general, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electromagnetic Lifting Head Production in the U.S.

In value terms, electromagnetic lifting head production amounted to $X in 2022. In general, production showed buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Electromagnetic Lifting Head Exports

Exports from the U.S.

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported from the United States; dropping by -6.2% on 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 19%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electromagnetic lifting head exports expanded sharply to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +26.6% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for electromagnetic lifting head exports from the United States, with a 51% share of total exports. Moreover, electromagnetic lifting head exports to Mexico exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was held by Canada (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.4% per year) and Canada (-10.3% per year).

In value terms, Mexico ($X) remains the key foreign market for electromagnets and electromagnetic lifting heads exports from the United States, comprising 35% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Canada, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.6% per year) and Canada (+0.2% per year).

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electromagnetic lifting head export price increased by +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 Singapore ($X per ton), while the average price for exports to Mexico ($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 Singapore (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into the U.S.

After six years of growth, supplies from abroad of electromagnets and electromagnetic lifting heads decreased by -5.1% to X tons in 2022. Over the period under review, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, electromagnetic lifting head imports totaled $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest electromagnetic lifting head supplier to the United States, accounting for a 29% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.1% per year) and Japan (-0.5% per year).

In value terms, China ($X), Mexico ($X) and Germany ($X) constituted the largest electromagnetic lifting head suppliers to the United States, together accounting for 48% of total imports. South Korea, Japan, Italy, Vietnam, the UK, New Zealand, Thailand, Austria, the Philippines and France lagged somewhat behind, together accounting for a further 39%.

The Philippines, with a CAGR of +73.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, with an increase of 8.4% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 9.7%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Philippines ($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 UK (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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