Report Update: Apr 20, 2024

South Africa - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Permanent Magnet Price in South Africa - 2023

Metal Permanent Magnet Price in South Africa (CIF) - 2022

The average metal permanent magnet import price stood at $7,652 per ton in 2022, waning by -5.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 44%. The import price peaked at $11,980 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.5% per year.

Metal Permanent Magnet Price in South Africa (FOB) - 2022

The average metal permanent magnet export price stood at $13,303 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, the export price showed tangible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 119%. As a result, the export price reached the peak level of $21,967 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($28,557 per ton), while the average price for exports to Swaziland ($2,007 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 Latvia (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports in South Africa

Metal permanent magnet imports into South Africa skyrocketed to 411 tons in 2022, picking up by 49% on the previous year's figure. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet imports surged to $3.1M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Metal Permanent Magnet in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,295	1,865	1,426	2,594	26.1%
Germany	237	107	115	125	-19.2%
India	58.2	52.3	175	46.3	-7.3%
Others	485	319	515	380	-7.8%
Total	2,074	2,343	2,231	3,145	14.9%

Top Suppliers of Metal Permanent Magnet to South Africa in 2022:

China (390.3 tons)
India (5.0 tons)
Germany (4.0 tons)

Metal Permanent Magnet Exports in South Africa

In 2022, metal permanent magnet exports from South Africa dropped significantly to 74 tons, which is down by -25.3% compared with the previous year. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18%.

In value terms, metal permanent magnet exports contracted to $985K in 2022. The total export value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year.

Export of Metal Permanent Magnet in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Democratic Republic of the Congo	32.5	20.0	0.7	165	71.9%
Mauritania	N/A	103	24.7	148	19.9%
China	N/A	N/A	1.0	107	10600.0%
Mozambique	108	504	11.5	80.1	-9.5%
Zimbabwe	32.3	82.2	151	74.2	31.9%
Australia	1.3	3.3	295	68.3	274.5%
Namibia	59.7	21.4	39.6	44.4	-9.4%
Guinea	N/A	3.9	2.4	41.2	225.0%
United Kingdom	68.4	38.9	2.1	27.3	-26.4%
Botswana	23.6	10.7	14.3	20.2	-5.1%
Zambia	38.4	31.1	68.5	18.6	-21.5%
Swaziland	15.0	4.7	2.5	7.6	-20.3%
Latvia	172	115	223	N/A	13.9%
Others	197	131	248	183	-2.4%
Total	748	1,070	1,084	985	9.6%

Top Export Markets for Metal Permanent Magnet from South Africa in 2022:

Mauritania (14.1 tons)
Democratic Republic of the Congo (12.7 tons)
Mozambique (7.9 tons)
Guinea (6.8 tons)
China (6.6 tons)
Zimbabwe (6.6 tons)
Swaziland (3.8 tons)
Australia (2.4 tons)
Zambia (2.3 tons)
Namibia (2.1 tons)
Botswana (1.6 tons)
United Kingdom (1.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal permanent magnet market in South Africa. 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:

South Africa

Data coverage:

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