Report Update: May 1, 2024

Indonesia - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Permanent Magnet Price in Indonesia - 2022

Permanent Magnet Price in Indonesia (CIF) - 2022

In March 2022, the average permanent magnet import price amounted to $6,659 per ton, with an increase of 10% against the previous month. In general, import price indicated a tangible increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, permanent magnet import price decreased by -4.8% against January 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 38% m-o-m. Over the period under review, average import prices attained the peak figure at $7,038 per ton in September 2021; however, from October 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Singapore ($26,841 per ton), while the price for South Korea ($3,607 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Permanent Magnet Price in Indonesia (FOB) - 2022

In March 2022, the average permanent magnet export price amounted to $8,444 per ton, increasing by 7.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 18% m-o-m. The export price peaked at $8,662 per ton in October 2021; however, from November 2021 to March 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was the United States ($14,049 per ton), while the average price for exports to Singapore ($5,817 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports in Indonesia

Permanent magnet imports into Indonesia contracted to 8.9K tons in 2022, with a decrease of -12.7% against 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 10K tons, and then dropped in the following year.

In value terms, permanent magnet imports stood at $58M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +60.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Permanent Magnet in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	21.1	19.7	31.0	40.5	24.3%
Japan	12.4	9.2	10.0	7.3	-16.2%
South Korea	1.7	2.1	3.6	2.1	7.3%
Hong Kong SAR	2.0	0.8	1.0	0.8	-26.3%
Taiwan (Chinese)	0.9	0.6	0.9	0.6	-12.6%
Others	4.8	3.8	4.5	6.5	10.6%
Total	42.9	36.1	51.1	58.0	10.6%

Top Suppliers of Permanent Magnet to Indonesia in 2022:

China (6.8K tons)
Japan (1.0K tons)
South Korea (0.5K tons)
Taiwan (Chinese) (0.1K tons)
Hong Kong SAR (0.1K tons)

Permanent Magnet Exports in Indonesia

In 2022, exports of permanent magnets from Indonesia surged to 3.8K tons, rising by 25% on 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 25%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, permanent magnet exports skyrocketed to $32M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Permanent Magnet in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	4.2	4.6	6.0	7.7	22.4%
United States	N/A	N/A	1.0	6.1	510.0%
China	0.5	0.9	2.1	4.7	111.0%
India	1.9	2.6	3.3	4.6	34.3%
Vietnam	2.1	2.7	3.1	3.8	21.9%
Philippines	1.8	1.6	2.0	1.7	-1.9%
Brazil	0.7	0.6	0.9	0.7	0.0%
Singapore	2.8	2.4	2.5	0.7	-37.0%
Germany	1.3	0.5	0.7	0.3	-38.7%
Others	0.6	1.0	1.5	1.3	29.4%
Total	16.0	17.0	23.0	31.6	25.5%

Top Export Markets for Permanent Magnet from Indonesia in 2022:

Thailand (929.2 tons)
United States (778.8 tons)
Vietnam (586.1 tons)
India (584.5 tons)
China (440.2 tons)
Philippines (131.1 tons)
Singapore (108.3 tons)
Brazil (80.5 tons)
Germany (39.7 tons)

Source: IndexBox Market Intelligence Platform

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

Country coverage:

Indonesia

Data coverage:

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