Global Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size

The global electromagnetic lifting head market stood at $X in 2022, with an increase of 2% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by +53.1% against 2012 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Electromagnetic Lifting Head Production

In value terms, electromagnetic lifting head production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electromagnetic Lifting Head Exports

Exports

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported worldwide; waning by -2.6% compared with the previous year. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports attained the peak of X tons, and then fell slightly in the following year.

In value terms, electromagnetic lifting head exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China (X tons) and Japan (X tons) represented the major exporters of electromagnets and electromagnetic lifting heads in 2022, reaching approx. 28% and 20% of total exports, respectively. Germany (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together took approx. 14% share of total exports. Poland (X tons), Italy (X tons), the Czech Republic (X tons), the United States (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), France (X tons), Hong Kong SAR (X tons) and New Zealand (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 global leaders experienced more modest paces of growth.

In value terms, the largest electromagnetic lifting head supplying countries worldwide were China ($X), Germany ($X) and Japan ($X), with a combined 48% share of global exports. The United States, South Korea, France, New Zealand, Italy, Poland, the Czech Republic, Taiwan (Chinese), Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further 32%.

Vietnam, with a CAGR of +17.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, rising by 1.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.2%), while the other global leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports

In 2022, overseas purchases of electromagnets and electromagnetic lifting heads increased by 0.8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, electromagnetic lifting head imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

The United States (X tons) and Germany (X tons) represented roughly 33% of total imports in 2022. It was distantly followed by China (X tons), Japan (X tons) and South Korea (X tons), together mixing up a 19% share of total imports. The following importers - France (X tons), India (X tons), Thailand (X tons), Hungary (X tons), Mexico (X tons), Romania (X tons), the Czech Republic (X tons) and Poland (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +13.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 38% of global imports. France, Japan, Mexico, the Czech Republic, Thailand, South Korea, Hungary, Romania, India and Poland lagged somewhat behind, together comprising a further 34%.

France, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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, which is down by -4.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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