United Arab Emirates: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in the United Arab Emirates

The electromagnetic lifting head market in the United Arab Emirates skyrocketed to $X in 2022, growing 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). Overall, consumption, however, continues to indicate a slight decline. Electromagnetic lifting head consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Electromagnetic Lifting Head Exports

Exports from the United Arab Emirates

In 2022, electromagnetic lifting head exports from the United Arab Emirates soared to X tons, with an increase of X% against the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, electromagnetic lifting head exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for electromagnetic lifting head exports from the United Arab Emirates, with a X% share of total exports. Moreover, electromagnetic lifting head exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

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

In value terms, Saudi Arabia ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports. It was followed by Kuwait, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a strong expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Tanzania ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into the United Arab Emirates

In 2022, the amount of electromagnets and electromagnetic lifting heads imported into the United Arab Emirates soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume 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 2020 indices. 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 $X in 2022. Overall, total imports indicated a notable 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. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of electromagnetic lifting head imports to the United Arab Emirates, together accounting for X% of total imports. Poland, Italy, the United States, the Czech Republic, Mexico, Denmark and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electromagnetic lifting head suppliers to the United Arab Emirates were the United States ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Poland, Italy, India, Mexico, the Czech Republic, Denmark and the Netherlands lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electromagnetic lifting head import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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