Eastern Asia: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Eastern Asia

The East Asian metal permanent magnet market expanded markedly to $X in 2022, increasing by X% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Permanent Magnet Production in Eastern Asia

In value terms, metal permanent magnet production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; afterwards, it flattened through to 2022.

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Metal Permanent Magnet Exports

Exports in Eastern Asia

In 2022, metal permanent magnet exports in Eastern Asia declined slightly to X tons, reducing by X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, metal permanent magnet exports soared to $X in 2022. In general, exports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X tons), comprising an X% share of total exports.

China was also the fastest-growing in terms of the metal permanent magnets exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest metal permanent magnet supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports.

In China, metal permanent magnet exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal permanent magnet export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Metal Permanent Magnet Imports

Imports in Eastern Asia

In 2022, purchases abroad of metal permanent magnets decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal permanent magnet imports surged to $X in 2022. Over the period under review, imports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly X% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%) and Hong Kong SAR (X%).

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

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, South Korea, 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 import price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal permanent magnet import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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