Report Update: May 1, 2024

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

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Metal Permanent Magnet Price in Thailand - 2023

Metal Permanent Magnet Price in Thailand (CIF) - 2023

The average metal permanent magnet import price stood at $19,169 per ton in September 2023, surging by 6.2% against the previous month. Overall, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in January 2023 an increase of 82% month-to-month. The import price peaked at $42,377 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($92,668 per ton), while the price for Taiwan (Chinese) ($2,716 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Metal Permanent Magnet Price in Thailand (FOB) - 2023

In September 2023, the average metal permanent magnet export price amounted to $31,418 per ton, declining by -23% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. The export price peaked at $49,290 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($70,053 per ton), while the average price for exports to Cambodia ($6,599 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Permanent Magnet Imports in Thailand

After three years of growth, overseas purchases of metal permanent magnets decreased by -14.7% to 7.5K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year.

In value terms, metal permanent magnet imports totaled $242M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Metal Permanent Magnet in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	46.6	69.5	98.5	137	43.3%
Japan	39.6	51.4	65.0	56.0	12.2%
Malaysia	12.8	17.6	25.4	28.9	31.2%
Vietnam	0.1	1.4	10.1	13.6	414.3%
Indonesia	3.8	4.4	6.0	2.5	-13.0%
Taiwan (Chinese)	0.6	0.8	1.4	1.1	22.4%
South Korea	0.3	0.4	1.2	0.8	38.7%
Others	1.3	1.9	4.8	2.3	20.9%
Total	105	147	212	242	32.1%

Top Suppliers of Metal Permanent Magnet to Thailand in 2022:

China (5036.2 tons)
Japan (1177.4 tons)
Malaysia (458.2 tons)
Indonesia (292.7 tons)
Taiwan (Chinese) (225.3 tons)
South Korea (169.5 tons)
Vietnam (130.2 tons)

Metal Permanent Magnet Exports in Thailand

In 2022, after three years of growth, there was significant decline in shipments abroad of metal permanent magnets, when their volume decreased by -37.9% to 1.3K tons. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 104%.

In value terms, metal permanent magnet exports declined to $67M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year.

Export of Metal Permanent Magnet in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	8.3	4.1	14.9	28.3	50.5%
China	11.6	20.2	25.7	17.8	15.3%
Malaysia	7.2	5.5	7.0	8.4	5.3%
Philippines	0.6	1.1	2.9	5.3	106.7%
Cambodia	4.0	8.4	8.5	3.4	-5.3%
Vietnam	1.4	0.6	0.9	0.8	-17.0%
Others	2.2	18.8	12.8	3.2	13.3%
Total	35.3	58.8	72.7	67.2	23.9%

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

China (426.4 tons)
Japan (380.1 tons)
Cambodia (248.1 tons)
Philippines (104.3 tons)
Malaysia (64.9 tons)
Vietnam (49.4 tons)

Source: IndexBox Market Intelligence Platform

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

Thailand

Data coverage:

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