Croatia: Permanent Magnet Market 2024

Permanent Magnet Market Size in Croatia

In 2023, the Croatian permanent magnet market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Permanent magnet consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Permanent Magnet Exports

Exports from Croatia

After two years of growth, shipments abroad of permanent magnets decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, permanent magnet exports dropped notably to $X in 2023. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then declined significantly in the following year.

Exports by Country

Italy (X tons) was the main destination for permanent magnet exports from Croatia, accounting for a X% share of total exports. Moreover, permanent magnet exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. Austria (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for permanent magnets exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average permanent magnet export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a moderate increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Croatia

In 2023, overseas purchases of permanent magnets increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, permanent magnet imports totaled $X in 2023. Over the period under review, imports saw a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of permanent magnet imports to Croatia, together comprising X% of total imports. Italy, the Netherlands, Serbia and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X) constituted the largest supplier of permanent magnets to Croatia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average permanent magnet import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform