Report Update: May 1, 2024

Finland - Electromagnets And Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends And Insights

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Electromagnetic Lifting Head Price in Finland - 2023

Electromagnetic Lifting Head Price in Finland (CIF) - 2022

In 2022, the average electromagnetic lifting head import price amounted to $17,351 per ton, shrinking by -7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $18,954 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($174,885 per ton), while the price for Lithuania ($6,230 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 (+44.4%), while the prices for the other major suppliers experienced a decline.

Electromagnetic Lifting Head Price in Finland (FOB) - 2023

The average electromagnetic lifting head export price stood at $61,813 per ton in July 2023, rising by 33% against the previous month. Overall, export price indicated notable growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, electromagnetic lifting head export price increased by +33.4% against June 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 61% m-o-m. The export price peaked in July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($518K per ton), while the average price for exports to Norway ($20,352 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports in Finland

After two years of decline, purchases abroad of electromagnets and electromagnetic lifting heads increased by 25% to 858 tons in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electromagnetic lifting head imports surged to $15M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; 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 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Electromagnetic Lifting Head in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.6	2.2	3.1	3.4	9.4%
Estonia	2.4	2.0	1.9	2.4	0.0%
Germany	1.3	1.6	1.5	2.1	17.3%
Italy	0.6	0.8	1.4	1.6	38.7%
China	0.6	0.4	0.8	0.9	14.5%
France	0.7	1.0	0.9	0.7	0.0%
Lithuania	0.6	0.5	0.5	0.6	0.0%
Denmark	0.2	0.3	0.5	0.5	35.7%
Czech Republic	0.1	0.3	0.5	0.4	58.7%
Sweden	0.5	0.4	0.4	0.3	-15.7%
United Kingdom	0.9	0.5	0.2	0.2	-39.4%
Others	0.9	0.8	1.1	1.7	23.6%
Total	11.4	10.9	12.8	14.9	9.3%

Top Suppliers of Electromagnetic Lifting Head to Finland in 2022:

Estonia (290.9 tons)
Italy (182.1 tons)
Lithuania (101.7 tons)
China (54.8 tons)
Germany (48.5 tons)
Denmark (44.0 tons)
Czech Republic (42.6 tons)
United States (25.5 tons)
France (22.4 tons)
Sweden (15.1 tons)
United Kingdom (1.0 tons)

Electromagnetic Lifting Head Exports in Finland

In 2022, the amount of electromagnets and electromagnetic lifting heads exported from Finland skyrocketed to 211 tons, with an increase of 29% against 2021. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electromagnetic lifting head exports soared to $7.6M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Electromagnetic Lifting Head in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	551	444	1,135	1,002	22.1%
Germany	803	776	903	848	1.8%
Sweden	422	465	562	730	20.0%
United Kingdom	184	478	461	536	42.8%
France	180	245	327	437	34.4%
Estonia	490	406	371	311	-14.1%
Australia	20.9	82.8	46.9	268	134.1%
Poland	63.3	54.5	38.0	194	45.3%
Japan	140	19.4	96.2	172	7.1%
Canada	47.0	65.5	167	143	44.9%
Chile	2.8	3.0	40.7	132	261.2%
Spain	39.7	76.8	64.2	113	41.7%
Belgium	26.1	67.4	29.9	74.1	41.6%
Others	1,688	1,548	2,005	2,680	16.7%
Total	4,658	4,731	6,247	7,639	17.9%

Top Export Markets for Electromagnetic Lifting Head from Finland in 2022:

United Kingdom (32.8 tons)
France (19.8 tons)
Sweden (19.8 tons)
Germany (17.8 tons)
Australia (12.2 tons)
Poland (11.6 tons)
Chile (9.4 tons)
Spain (9.4 tons)
Canada (8.7 tons)
Japan (7.3 tons)
Estonia (7.1 tons)
Belgium (4.9 tons)
United States (4.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electromagnetic lifting head market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
Prodcom 27904560 -

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023