EU: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in the EU

After two years of growth, the EU metal permanent magnet market decreased by X% to $X in 2023. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then contracted modestly in the following year.

Metal Permanent Magnet Production in the EU

In value terms, metal permanent magnet production amounted to $X in 2023 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 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Metal Permanent Magnet Exports

Exports in the EU

After six years of growth, overseas shipments of metal permanent magnets decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2022, and then reduced slightly in the following year.

In value terms, metal permanent magnet exports amounted to $X in 2023. Total exports indicated a slight expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Germany (X tons) and the Netherlands (X tons) represented the largest exporters of metal permanent magnets in the European Union, together amounting to near X% of total exports. Italy (X tons) ranks next in terms of the total exports with a X% share, followed by France (X%) and Belgium (X%). The following exporters - Poland (X tons), Austria (X tons), Spain (X tons), the Czech Republic (X tons), Hungary (X tons), Sweden (X tons) and Slovenia (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal permanent magnet supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Metal Permanent Magnet Imports

Imports in the EU

In 2023, after two years of growth, there was decline in supplies from abroad of metal permanent magnets, when their volume decreased by X% to X tons. Total imports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, metal permanent magnet imports fell to $X in 2023. Over the period under review, imports, however, recorded a measured increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell slightly in the following year.

Imports by Country

In 2023, Germany (X tons), distantly followed by the Netherlands (X tons), Italy (X tons), France (X tons), Poland (X tons), Hungary (X tons) and Denmark (X tons) were the largest importers of metal permanent magnets, together achieving X% of total imports. Spain (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to metal permanent magnet imports into Germany stood at X%. At the same time, Hungary (X%), Italy (X%), Spain (X%), Poland (X%), France (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Hungary (X p.p.), Germany (X p.p.), France (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported metal permanent magnets in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: France (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, stabilizing at the previous year. Import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal permanent magnet import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then reduced modestly in the following year.

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

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

Source: IndexBox Platform