SADC: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in SADC

The SADC electromagnetic lifting head market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption faced a abrupt contraction. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electromagnetic Lifting Head Production in SADC

In value terms, electromagnetic lifting head production skyrocketed to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electromagnetic Lifting Head Exports

Exports in SADC

For the fourth consecutive year, SADC recorded growth in shipments abroad of electromagnets and electromagnetic lifting heads, which increased by X% to X tons in 2022. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electromagnetic lifting head exports surged to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Zambia (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 South Africa stood at X%. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Zambia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Electromagnetic Lifting Head Imports

Imports in SADC

In 2022, imports of electromagnets and electromagnetic lifting heads in SADC dropped remarkably to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, electromagnetic lifting head imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period 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 imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, South Africa (X tons) was the main importer of electromagnets and electromagnetic lifting heads, generating X% of total imports. Mozambique (X tons) held the second position in the ranking, distantly followed by Angola (X tons). All these countries together took near X% share of total imports. The following importers - Tanzania (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons) and Namibia (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%), Namibia (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Democratic Republic of the Congo (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electromagnets and electromagnetic lifting heads in SADC, comprising X% of total imports. The second position in the ranking was held by Mozambique ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

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

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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