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World - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Dec 18, 2023

The World's Best Import Markets for Permanent Magnets

When it comes to permanent magnets, there are several countries that dominate the import market. These countries not only consume large quantities of permanent magnets but also have a strong demand for these versatile and essential materials. In this article, we will explore the top 10 countries in terms of import value of permanent magnets, providing key statistics and insights.

1. Germany

Germany holds the top spot in terms of import value of permanent magnets, with a staggering $1.0 billion USD in 2022. The country's high import value can be attributed to its robust manufacturing sector, which heavily relies on permanent magnets for various applications.

2. Japan

Japan follows closely behind Germany with an import value of $916.2 million USD in 2022. The country is known for its advanced technology and automotive sector, both of which drive the demand for permanent magnets.

3. United States

The United States ranks third in terms of import value, with $744.7 million USD in 2022. The country's manufacturing sector, particularly in industries like electronics, healthcare, and automotive, heavily relies on permanent magnets for their products.

4. South Korea

South Korea is another significant player in the permanent magnet import market, with an import value of $641.0 million USD in 2022. The country is known for its strong presence in the electronics and automotive sectors, both of which contribute to the demand for permanent magnets.

5. Philippines

The Philippines ranks fifth with an import value of $593.6 million USD in 2022. The country's manufacturing sector, particularly in electronics and appliances, drives the demand for permanent magnets.

6. Vietnam

Vietnam is a rapidly growing market for permanent magnets, with an import value of $567.4 million USD in 2022. The country's manufacturing sector, especially in electronics, has been attracting significant investments, driving the demand for permanent magnets.

7. Mexico

Mexico stands at the seventh position with an import value of $390.3 million USD in 2022. The country's strong presence in the automotive and electronics industries contributes to the demand for permanent magnets.

8. China

While China is often known as a major exporter, it also has a considerable import market for permanent magnets. The country's import value in 2022 is estimated at $386.4 million USD. China's manufacturing sector, particularly in electronics and automotive, relies on both domestic production and imports of permanent magnets.

9. Thailand

Thailand ranks ninth with an import value of $350.6 million USD in 2022. The country's automotive, electronics, and healthcare industries contribute significantly to the demand for permanent magnets.

10. Italy

Italy completes the top 10 import markets for permanent magnets with an import value of $287.3 million USD in 2022. The country's manufacturing industry, including sectors like automotive and appliances, relies on the import of permanent magnets to meet its demand.

These top 10 import markets for permanent magnets demonstrate the significant demand and reliance on these versatile materials across various industries. Whether it is the automotive sector, electronics industry, or healthcare applications, permanent magnets play a crucial role in powering and enabling technological advancements.

Market intelligence platforms like IndexBox can provide valuable insights and data on global import trends, including the import value of permanent magnets. By leveraging such platforms, businesses and policymakers can make informed decisions, identify potential market opportunities, and better understand the dynamics of the import market.

In conclusion, the import value of permanent magnets in the top 10 countries underscores the critical role these materials play in modern industries. As technology continues to advance, the demand for permanent magnets is only expected to grow, further solidifying their importance in the global market.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global permanent magnet market. 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 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)
  • Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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