Report Update: May 1, 2024

Russian Federation - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Permanent Magnet Price in Russia - 2022

Metal Permanent Magnet Price in Russia (CIF) - 2022

In January 2022, the average metal permanent magnet import price amounted to $24,116 per ton, reducing by -40.1% against the previous month. Over the period under review, the import price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in December 2021 when the average import price increased by 62% against the previous month. As a result, import price attained the peak level of $40,272 per ton, and then shrank sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Romania ($47,861 per ton), while the price for India ($4,363 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Permanent Magnet Price in Russia (FOB) - 2022

The average metal permanent magnet export price stood at $33,985 per ton in January 2022, picking up by 74% against the previous month. In general, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in March 2021 when the average export price increased by 126% against the previous month. Over the period under review, the average export prices hit record highs at $56,744 per ton in January 2021; however, from February 2021 to January 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was Colombia ($135K per ton), while the average price for exports to Ukraine ($6,047 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-0.2%), while the prices for the other major destinations experienced a decline.

Metal Permanent Magnet Imports in Russia

In 2022, purchases abroad of metal permanent magnets decreased by -24.6% to 2.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports attained the peak of 3.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, metal permanent magnet imports rose markedly to $67M in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Metal Permanent Magnet in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	23.9	31.2	53.2	63.5	38.5%
Others	9.9	5.0	8.5	3.3	-30.7%
Total	33.8	36.2	61.7	66.8	25.5%

Top Suppliers of Metal Permanent Magnet to Russia in 2022:

China (2.5K tons)

Metal Permanent Magnet Exports in Russia

In 2022, approx. 54 tons of metal permanent magnets were exported from Russia; falling by -50.9% against the previous year. Over the period under review, exports saw a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 9.5% against the previous year.

In value terms, metal permanent magnet exports contracted rapidly to $465K in 2022. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 12%.

Export of Metal Permanent Magnet in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	209	235	285	195	-2.3%
Japan	N/A	13.2	N/A	71.7	133.1%
United States	34.0	16.4	52.4	35.8	1.7%
Uzbekistan	784	89.0	10.3	14.8	-73.4%
Belarus	904	558	836	N/A	-3.8%
Others	153	411	303	148	-1.1%
Total	2,084	1,323	1,487	465	-39.3%

Top Export Markets for Metal Permanent Magnet from Russia in 2022:

Kazakhstan (47.3 tons)
Japan (2.0 tons)
United States (0.9 tons)
Uzbekistan (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal permanent magnet market in the Russian Federation. 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 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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:

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

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023