EU: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in the EU

The EU electromagnetic lifting head market declined slightly to $X in 2022, approximately equating the previous year. Overall, consumption saw a slight increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Electromagnetic Lifting Head Production in the EU

In value terms, electromagnetic lifting head production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports in the EU

In 2022, the amount of electromagnets and electromagnetic lifting heads exported in the European Union reduced slightly to X tons, which is down by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, electromagnetic lifting head exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Germany was the key exporter of electromagnets and electromagnetic lifting heads in the European Union, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Poland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), the Czech Republic (X%), France (X%), Romania (X%) and Austria (X%). Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electromagnetic lifting head exports from Germany stood at X%. At the same time, Poland (X%), Romania (X%), Italy (X%), the Czech Republic (X%), Austria (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, France (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electromagnetic lifting head supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while Poland ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports in the EU

In 2022, overseas purchases 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. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, electromagnetic lifting head imports declined modestly to $X in 2022. Total imports indicated a prominent increase 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 2019 indices. 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, and then declined in the following year.

Imports by Country

Germany represented the main importer of electromagnets and electromagnetic lifting heads in the European Union, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by France (X tons), Hungary (X tons), the Czech Republic (X tons), Romania (X tons), Poland (X tons) and Italy (X tons), together committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electromagnetic lifting head imports into Germany stood at X%. At the same time, Romania (X%), Poland (X%), Italy (X%), the Czech Republic (X%) and France (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. From 2012 to 2022, the share of Germany and Romania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Germany ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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