Austria: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Austria

The Austrian metal permanent magnet market was estimated at $X in 2023, almost unchanged from the previous year. In general, consumption, however, showed noticeable growth. Metal permanent magnet consumption peaked in 2023 and is expected to retain growth in the near future.

Metal Permanent Magnet Production in Austria

In value terms, metal permanent magnet production rose rapidly to $X in 2023 estimated in export price. Overall, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

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Metal Permanent Magnet Exports

Exports from Austria

In 2023, approx. X tons of metal permanent magnets were exported from Austria; waning by X% compared with the previous year. Overall, exports, however, saw moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, metal permanent magnet exports fell to $X in 2023. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2022, and then fell modestly in the following year.

Exports by Country

Italy (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of metal permanent magnet exports from Austria, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) were the largest markets for metal permanent magnet exported from Austria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Austria

In 2023, imports of metal permanent magnets into Austria contracted dramatically to X tons, with a decrease of X% against the year before. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, metal permanent magnet imports contracted notably to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

China (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of metal permanent magnet imports to Austria, with a combined X% share of total imports. The Netherlands, the United States, Spain, Slovenia, the UK and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest metal permanent magnet suppliers to Austria, with a combined X% share of total imports. The United States, the Czech Republic, Spain, Slovenia, the UK and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform