Report Update: May 1, 2024

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

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Permanent Magnet Price in Ukraine - 2023

Permanent Magnet Price in Ukraine (CIF) - 2023

The average permanent magnet import price stood at $4,981 per ton in August 2023, dropping by -8.1% against the previous month. In general, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 78% month-to-month. The import price peaked at $9,077 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($4,606 per ton), while the price for Turkey stood at $2,291 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%).

Permanent Magnet Price in Ukraine (FOB) - 2022

In 2022, the average permanent magnet export price amounted to $22,481 per ton, which is down by -3% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, permanent magnet export price increased by +3.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 90% against the previous year. As a result, the export price attained the peak level of $26,080 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($62,750 per ton), while the average price for exports to Belarus ($6,123 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 Kazakhstan (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports in Ukraine

In 2022, the amount of permanent magnets imported into Ukraine dropped sharply to 1.2K tons, which is down by -39.8% against the previous year. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. As a result, imports reached the peak of 1.9K tons, and then declined rapidly in the following year.

In value terms, permanent magnet imports dropped significantly to $6.5M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $9.1M, and then fell sharply in the following year.

Import of Permanent Magnet in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.7	4.6	7.2	5.3	4.1%
Turkey	N/A	0.1	0.1	0.2	41.4%
Others	1.9	2.2	1.8	1.1	-16.7%
Total	6.7	6.8	9.1	6.5	-1.0%

Top Suppliers of Permanent Magnet to Ukraine in 2022:

China (1078.2 tons)
Turkey (38.4 tons)

Permanent Magnet Exports in Ukraine

In 2022, approx. 19 tons of permanent magnets were exported from Ukraine; declining by -30.4% on 2021 figures. Over the period under review, exports showed a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 0.3% against the previous year.

In value terms, permanent magnet exports declined notably to $425K in 2022. Overall, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 6.4%.

Export of Permanent Magnet in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	280	90.8	26.8	119	-24.8%
Poland	103	91.7	90.2	33.7	-31.1%
Hungary	20.7	13.5	6.1	29.9	13.0%
Turkey	0.2	2.4	N/A	22.3	381.3%
Moldova	19.1	15.5	13.7	21.6	4.2%
Germany	56.5	16.3	7.3	13.6	-37.8%
Lithuania	1.1	1.2	4.5	11.3	117.4%
Netherlands	0.1	5.3	6.2	7.8	327.3%
Belarus	20.0	15.0	19.7	1.7	-56.0%
Georgia	12.6	27.9	52.6	1.0	-57.0%
Russia	11.8	14.1	10.9	0.3	-70.6%
Kazakhstan	15.5	N/A	0.4	N/A	-83.9%
Uzbekistan	N/A	47.0	6.2	N/A	-86.8%
Others	406	251	386	163	-26.2%
Total	947	592	630	425	-23.4%

Top Export Markets for Permanent Magnet from Ukraine in 2022:

Uzbekistan (undefined tons)
Russia (undefined tons)
Czech Republic (5.7 tons)
Moldova (2.8 tons)
Poland (2.4 tons)
Turkey (1.8 tons)
Hungary (1.0 tons)
Lithuania (0.9 tons)
Netherlands (0.6 tons)
Germany (0.5 tons)
Belarus (0.3 tons)
Georgia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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

Ukraine

Data coverage:

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