Iran: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Iran

The Iranian electromagnetic lifting head market shrank notably to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a prominent increase. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Electromagnetic Lifting Head Exports

Exports from Iran

After three years of growth, overseas shipments of electromagnets and electromagnetic lifting heads decreased by X% to X tons in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, electromagnetic lifting head exports dropped dramatically to $X in 2022. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Iraq (X tons) was the main destination for electromagnetic lifting head exports from Iran, with a X% share of total exports. Moreover, electromagnetic lifting head exports to Iraq exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was held by Georgia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Georgia (X% per year).

In value terms, the largest markets for electromagnetic lifting head exported from Iran were China ($X), Iraq ($X) and Georgia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Georgia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia ($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 Iraq (X%), while the prices for the other major destinations experienced a decline.

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Electromagnetic Lifting Head Imports

Imports into Iran

In 2022, electromagnetic lifting head imports into Iran fell dramatically to X tons, declining by X% compared with 2021 figures. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, electromagnetic lifting head imports fell rapidly to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest electromagnetic lifting head supplier to Iran, accounting for a X% share of total imports. Moreover, electromagnetic lifting head imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, Spain ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Iran, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price 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, electromagnetic lifting head import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for Finland ($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 Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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