Central Asia: Permanent Magnet Market 2024

Permanent Magnet Market Size in Central Asia

The Central Asian permanent magnet market expanded slightly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Permanent Magnet Production in Central Asia

In value terms, permanent magnet production totaled $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Permanent Magnet Exports

Exports in Central Asia

In 2022, shipments abroad of permanent magnets was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, permanent magnet exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the key exporter of permanent magnets in Central Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Mongolia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%). Kyrgyzstan (X kg) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to permanent magnet exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mongolia and Uzbekistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest permanent magnet supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, permanent magnet exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the export price figures.

Permanent Magnet Imports

Imports in Central Asia

In 2022, purchases abroad of permanent magnets increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, permanent magnet imports surged to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented the key importers of permanent magnets in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), generating an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported permanent magnets in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports.

In Kazakhstan, permanent magnet imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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