Indonesia: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Indonesia

In 2022, the Indonesian metal permanent magnet market decreased by X% to $X, falling for the second consecutive year after six years of growth. In general, consumption, however, posted a noticeable expansion. Metal permanent magnet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Permanent Magnet Production in Indonesia

In value terms, metal permanent magnet production rose to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Metal Permanent Magnet Exports

Exports from Indonesia

In 2022, approx. X tons of metal permanent magnets were exported from Indonesia; growing by X% against 2021. Overall, total exports indicated a strong expansion 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 pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal permanent magnet exports soared to $X in 2022. Over the period under review, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of metal 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 metal 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%, recorded 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

In 2022, the average metal permanent magnet export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated noticeable growth 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 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Singapore ($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.

Metal Permanent Magnet Imports

Imports into Indonesia

In 2022, approx. X tons of metal permanent magnets were imported into Indonesia; falling by X% on the year before. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal permanent magnet imports to Indonesia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced a decline.

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

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. 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 metal permanent magnet import price amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform

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