Indonesia: Permanent Magnet Market 2024

Permanent Magnet Market Size in Indonesia

The Indonesian permanent magnet market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a moderate increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Permanent Magnet Production in Indonesia

In value terms, permanent magnet production fell modestly to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. Permanent magnet production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Permanent Magnet Exports

Exports from Indonesia

In 2022, the amount of permanent magnets exported from Indonesia skyrocketed to X tons, growing by X% against 2021 figures. Over the period under review, total exports indicated modest growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, permanent magnet exports surged to $X in 2022. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of permanent magnet exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average permanent magnet export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Indonesia

In 2022, approx. X tons of permanent magnets were imported into Indonesia; reducing by X% against 2021 figures. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, permanent magnet imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of permanent magnet to Indonesia, accounting for a X% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, 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: Japan (X% per year) and South Korea (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average permanent magnet import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a mild decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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