Which Country Exports the Most Permanent Magnets in the World?

Porcelain And Ceramic Products May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the global exports of permanent magnet totaled 560K tonnes, moving up by 4% against the previous year level. In general, permanent magnet exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2010, when exports increased by 7% from the previous year level. Global permanent magnet export peaked of 637K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, permanent magnet exports stood at $7.8B in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value decreased at an average annual rate of -1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, permanent magnet exports decreased by -21.0% against its level of 2012. Over the period under review, global permanent magnet exports reached its maximum level of $9.9B in 2012; however, from 2013 to 2016, it failed to regain its strength.

Top Permanent Magnet Exporting Countries in the World

1. China (2,493.2 million USD)

2. Japan (1,100.2 million USD)

3. Germany (993.0 million USD)

4. China, Hong Kong SAR (365.8 million USD)

5. South Korea (281.4 million USD)

6. France (237.2 million USD)

7. Italy (144.0 million USD)

8. Netherlands (134.3 million USD)

9. Czech Republic (81.4 million USD)

10. Spain (70.6 million USD)

Permanent Magnet Exports By Country

China (275K tonnes) represented the key exporting country with an export of about 275K tonnes, which finished at 49% of total exports. It was distantly followed by Japan (56K tonnes), South Korea (43K tonnes), Germany (36K tonnes), and China, Hong Kong SAR (28K tonnes), together comprising 29% share of total permanent magnet exports. The following exporters - Italy (15K tonnes), France (14K tonnes), Spain (11K tonnes), Czech Republic (10K tonnes), and the Netherlands (8.6K tonnes) together made up 10% of total exports.

Exports from China decreased at an average annual rate of -1.0% from 2007 to 2016. At the same time, Czech Republic (+13.3%), Spain (+8.9%), South Korea (+7.0%), the Netherlands (+5.3%), and Germany (+2.1%) displayed positive paces of growth. Moreover, Czech Republic emerged as the fastest growing importer/exporter in the world, with a CAGR of +13.3% from 2007-2016. Italy, and Japan experienced a relatively flat trend pattern. By contrast, France (-2.0%), and China, Hong Kong SAR (-9.5%) illustrated a downward trend over the same period. From 2007 to 2016, the share of China, Hong Kong SAR, and China increased by 7%, and 5% percentage points, while South Korea (-3.5%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.5B) remains the largest permanent magnet supplier in the world, making up 32% of global exports. The second position in the ranking was occupied by Japan ($1.1B), with the share of 14% of global exports. It was followed by Germany, with the share of 13%.

In China, permanent magnet exports stood at an average annual rate of +7.3% over the period from 2007-2016. The remaining exporting countries recorded the following average annual rates: Japan (+0.6% per year) and Germany (+2.4% per year).

Permanent Magnet Export Prices By Country

The average permanent magnet export price stood at $14 per kg in 2016, declining by -8.5% against the previous year. Overall, it indicated a perceptible increase from 2007 to 2016: the export price value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, permanent magnet export price decreased by -25.0% against its level of 2012. The most prominent rate of growth was recorded in 2011, when export increased by 46% from the previous year level. Global permanent magnet export peaked of $19 per kg in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was Germany ($27 per kg), while Spain ($6,552 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of permanent magnet export prices was attained by China, Hong Kong SAR (+12.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global permanent magnet market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • permanent magnet market share
  • permanent magnet prices
  • permanent magnet industry
  • permanent magnet sales
  • permanent magnet import
  • permanent magnet export
  • permanent magnet market forecast
  • permanent magnet price forecast
  • key permanent magnet producers

All data provided in this article covers the following product: HS Code 8505 - Electro-magnets; permanent magnets, intended permanent magnets; electro-magnetic, permanent magnet chucks, clamps, similar; electromagnetic couplings, clutches, brakes; electro-magnetic lifting heads.

Source: World: Permanent Magnets - Market Report. Analysis and Forecast to 2025