Germany: Permanent Magnet Market 2024

Permanent Magnet Market Size in Germany

After two years of growth, the German permanent magnet market decreased by X% to $X in 2023. Over the period under review, the total consumption indicated a measured 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 2020 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Permanent Magnet Production in Germany

In value terms, permanent magnet production contracted to $X in 2023 estimated in export price. In general, production, however, saw a perceptible setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Permanent Magnet Exports

Exports from Germany

Permanent magnet exports from Germany contracted remarkably to X tons in 2023, dropping by X% compared with the year before. Overall, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, permanent magnet exports reached $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. 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 at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

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

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

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

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average permanent magnet export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export 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 suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Colombia ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Germany

In 2023, after two years of growth, there was significant decline in overseas purchases of permanent magnets, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then fell in the following year.

In value terms, permanent magnet imports declined to $X in 2023. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest permanent magnet supplier to Germany, with a X% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was held by South Korea (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2023, the average permanent magnet import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform