Africa: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Africa

The African electromagnetic lifting head market amounted to $X in 2022, remaining stable against the previous year. Over the period under review, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Electromagnetic Lifting Head Production in Africa

In value terms, electromagnetic lifting head production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded notable growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports in Africa

In 2022, shipments abroad of electromagnets and electromagnetic lifting heads increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, electromagnetic lifting head exports surged to $X in 2022. In general, exports saw a moderate expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Tunisia (X tons), mixing up a X% share of total exports. Zambia (X tons) took a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Africa and Zambia increased by X and X percentage points, respectively.

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

In South Africa, electromagnetic lifting head exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Electromagnetic Lifting Head Imports

Imports in Africa

In 2022, the amount of electromagnets and electromagnetic lifting heads imported in Africa dropped to X tons, declining by X% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, electromagnetic lifting head imports surged to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

South Africa represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Mozambique (X tons) ranks second in terms of the total imports with an X% share, followed by Nigeria (X%), Tunisia (X%), Egypt (X%) and Morocco (X%). The following importers - Ghana (X tons), Angola (X tons), Cote d'Ivoire (X tons), Tanzania (X tons) and Zambia (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Tanzania (X%), Zambia (X%), Egypt (X%), Cote d'Ivoire (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Angola and Morocco experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Mozambique (X p.p.), Tunisia (X p.p.), Egypt (X p.p.), Tanzania (X p.p.), Zambia (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electromagnetic lifting head importing markets in Africa were South Africa ($X), Tunisia ($X) and Egypt ($X), together comprising X% of total imports. Morocco, Mozambique, Nigeria, Zambia, Ghana, Cote d'Ivoire, Angola and Tanzania lagged somewhat behind, together comprising a further X%.

Mozambique, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the 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 Tunisia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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