Report Update: May 1, 2024

Pakistan - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Non-Metal Permanent Magnet Price in Pakistan - 2023

Non-Metal Permanent Magnet Price in Pakistan (CIF) - 2023

The average non-metal permanent magnet import price stood at $2,315 per ton in April 2023, increasing by 4% against the previous month. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in October 2022 an increase of 5% month-to-month. Over the period under review, average import prices attained the peak figure at $3,225 per ton in April 2022; however, from May 2022 to April 2023, 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 April 2022 to April 2023, the rate of growth in terms of prices for China amounted to -2.5% per month.

Non-Metal Permanent Magnet Price in Pakistan (FOB) - 2022

The average non-metal permanent magnet export price stood at $25,865 per ton in 2022, growing by 4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2017 an increase of 178% against the previous year. The export price peaked at $35,891 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($266,375 per ton), while the average price for exports to Qatar ($1,918 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 Greece (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Metal Permanent Magnet Imports in Pakistan

In 2022, after three years of growth, there was significant decline in overseas purchases of non-metal permanent magnets, when their volume decreased by -26.6% to 380 tons. Over the period under review, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year.

In value terms, non-metal permanent magnet imports declined significantly to $3.3M in 2022. Overall, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of $4.6M, and then fell sharply in the following year.

Import of Non-Metal Permanent Magnet in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.2	3.5	4.2	3.1	-1.1%
Germany	0.1	0.1	0.2	0.1	0.0%
Others	0.2	0.1	0.3	0.1	-20.6%
Total	3.5	3.7	4.6	3.3	-1.9%

Top Suppliers of Non-Metal Permanent Magnet to Pakistan in 2022:

China (364.3 tons)
Germany (14.2 tons)

Non-Metal Permanent Magnet Exports in Pakistan

In 2022, exports of non-metal permanent magnets from Pakistan fell to 126 kg, waning by -7.4% against the previous year. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 103%. As a result, the exports reached the peak of 136 kg, and then dropped in the following year.

In value terms, non-metal permanent magnet exports fell to $3.3K in 2022. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 94%. As a result, the exports attained the peak of $3.4K, and then fell modestly in the following year.

Export of Non-Metal Permanent Magnet in Pakistan (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	1,499	1,075	2,189	2,131	12.4%
United States	389	272	538	509	9.4%
United Arab Emirates	85.0	94.0	295	285	49.7%
Canada	26.0	175	151	139	74.9%
Qatar	66.0	47.0	96.0	94.0	12.5%
Others	57.0	65.0	91.0	101	21.0%
Total	2,122	1,728	3,360	3,259	15.4%

Top Export Markets for Non-Metal Permanent Magnet from Pakistan in 2022:

Qatar (49.0 kg)
United Arab Emirates (27.0 kg)
United States (21.0 kg)
Greece (8.0 kg)
Canada (6.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-metal permanent magnet market in Pakistan. 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)

Country coverage:

Pakistan

Data coverage:

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