Pakistan: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Pakistan

The Pakistani electromagnetic lifting head market dropped markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Electromagnetic Lifting Head Production in Pakistan

In value terms, electromagnetic lifting head production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

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Electromagnetic Lifting Head Exports

Exports from Pakistan

Electromagnetic lifting head exports from Pakistan skyrocketed to X tons in 2022, with an increase of X% on the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electromagnetic lifting head exports fell slightly to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Hong Kong SAR (X tons) and Singapore (X tons) were the main destinations of electromagnetic lifting head exports from Pakistan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X.1%).

In value terms, Hong Kong SAR ($X) remains the key foreign market for electromagnets and electromagnetic lifting heads exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%.

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%).

Electromagnetic Lifting Head Imports

Imports into Pakistan

In 2022, supplies from abroad of electromagnets and electromagnetic lifting heads increased by X% to X tons, rising for the third year in a row after three years of decline. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electromagnetic lifting head imports fell sharply to $X in 2022. Over the period under review, imports recorded a measured increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electromagnetic lifting head to Pakistan, with a X% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a noticeable descent. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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