Report Update May 1, 2024

Puerto Rico - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Permanent Magnet Market 2024

Permanent Magnet Market Size in Puerto Rico

The Puerto Rican permanent magnet market plummeted to $X in 2021, waning by -21.4% against the previous year. In general, consumption, however, enjoyed a measured expansion. Puerto Rico consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Permanent Magnet Production in Puerto Rico

In value terms, permanent magnet production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a notable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 134% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank sharply in the following year.

Permanent Magnet Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of permanent magnets were exported from Puerto Rico; stabilizing at the previous year. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, permanent magnet exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 66% of total exports in 2021. It was distantly followed by South Korea (X tons), achieving a 6.5% share of total exports. The following exporters - Japan (X tons), Hong Kong SAR (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons) and the Philippines (X tons) - together made up 17% of total exports.

From 2012 to 2021, average annual rates of growth with regard to permanent magnet exports from China stood at +3.1%. At the same time, the Philippines (+15.7%), Italy (+5.2%) and South Korea (+4.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.7% from 2012-2021. Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, Japan (-5.2%) and Hong Kong SAR (-7.5%) illustrated a downward trend over the same period. China (+6.2 p.p.) and South Korea (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Japan and Hong Kong SAR saw its share reduced by -3.8% and -4.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest permanent magnet supplier from Puerto Rico, comprising 56% of global exports. The second position in the ranking was held by Japan ($X), with a 9.5% share of global exports. It was followed by Germany, with a 5.6% share.

In China, permanent magnet exports increased at an average annual rate of +4.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-8.9% per year) and Germany (-0.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other leaders experienced a decline in the export price figures.

Permanent Magnet Imports

Imports into Puerto Rico

Permanent magnet imports into Puerto Rico amounted to less than X kg in 2021, standing approx. at the previous year. In general, imports saw a relatively flat trend pattern.

In value terms, permanent magnet imports totaled less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

India (X tons), the United States (X tons), Germany (X tons), Mexico (X tons), Vietnam (X tons), Italy (X tons), Hong Kong SAR (X tons), Japan (X tons), Thailand (X tons), China (X tons), South Korea (X tons) and the Netherlands (X tons) represented roughly 63% of total imports in 2021. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest permanent magnet importing markets into Puerto Rico were Germany ($X), Japan ($X) and the United States ($X), together comprising 29% of total imports. Vietnam, Thailand, Mexico, South Korea, China, Malaysia, Italy, Hong Kong SAR, India and the Netherlands lagged somewhat behind, together comprising a further 38%.

Vietnam, with a CAGR of +14.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for permanent magnets in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, together accounting for 33% of global consumption. India, South Korea, Mexico, Japan, Indonesia, Denmark, Germany, Vietnam, Thailand and Russia lagged somewhat behind, together comprising a further 37%.

What are the largest producers of permanent magnets in the world?

The country with the largest volume of permanent magnet production was China, comprising approx. 53% of total volume. Moreover, permanent magnet production in China exceeded the figures recorded by the second-largest producer, South Korea, sevenfold. Brazil ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of permanent magnets to Puerto Rico?

In value terms, the largest permanent magnet importing markets into Puerto Rico were Germany, Japan and the United States, with a combined 29% share of total imports. These countries were followed by Vietnam, Thailand, Mexico, South Korea, China, Malaysia, Italy, Hong Kong SAR, India and the Netherlands, which together accounted for a further 38%.

What are the leading importers of permanent magnets from Puerto Rico?

In value terms, China remains the largest permanent magnet supplier from Puerto Rico, comprising 56% of global exports. The second position in the ranking was taken by Japan, with a 9.5% share of global exports. It was followed by Germany, with a 5.6% share.

What is the average export price for permanent magnets in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, remaining relatively unchanged against the previous year.

What is the average import price for permanent magnets in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the permanent magnet market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)
Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023