Report Update May 1, 2024

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

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Puerto Rico: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Puerto Rico

The Puerto Rican metal permanent magnet market dropped to $X in 2021, with a decrease of -5.2% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Permanent Magnet Production in Puerto Rico

In value terms, metal permanent magnet production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a deep downturn. The growth pace was the most rapid in 2018 when the production volume increased by 35%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Permanent Magnet Exports

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 70% of total exports in 2021. It was distantly followed by Japan (X tons), committing a 6.9% share of total exports. The following exporters - Vietnam (X tons), India (X tons), Germany (X tons), the Netherlands (X tons), Indonesia (X tons), Hong Kong SAR (X tons), the United States (X tons) and South Korea (X tons) - together made up 13% of total exports.

Exports from China increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Vietnam (+38.0%), India (+5.4%), Indonesia (+2.9%) and Germany (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.0% from 2012-2021. By contrast, the Netherlands (-5.2%), Japan (-6.8%), South Korea (-10.1%), Hong Kong SAR (-14.5%) and the United States (-21.4%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) and Vietnam (+2.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the Netherlands (-1.7 p.p.), South Korea (-1.9 p.p.), the United States (-2.6 p.p.), Hong Kong SAR (-3.2 p.p.) and Japan (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal permanent magnet supplier from Puerto Rico, comprising 61% of global exports. The second position in the ranking was taken by Japan ($X), with a 10% share of global exports. It was followed by Germany, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +4.3%. In the other countries, the average annual rates were as follows: Japan (-9.6% per year) and Germany (-0.5% per year).

Metal Permanent Magnet Imports

Imports by Country

India (X tons) and the United States (X tons) were the main importers of metal permanent magnets in 2021, recording approx. 16% and 14% of total imports, respectively. Mexico (X tons) held the next position in the ranking, followed by Germany (X tons) and Vietnam (X tons). All these countries together took near 21% share of total imports. The following importers - Thailand (X tons), Japan (X tons), the Philippines (X tons), South Korea (X tons), the UK (X tons), Malaysia (X tons), Italy (X tons) and the Netherlands (X tons) - together made up 25% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +52.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet importing markets into Puerto Rico were Germany ($X), Japan ($X) and the United States ($X), with a combined 32% share of total imports. The Philippines, Vietnam, South Korea, Mexico, Thailand, Malaysia, Italy, the Netherlands, India and the UK lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, the Philippines, with a CAGR of +75.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of consumption in 2021 were China, India and the United States, with a combined 44% share of global consumption. Japan, Mexico, Indonesia, Germany, South Korea, Vietnam, Thailand, Canada, Poland and the Philippines lagged somewhat behind, together accounting for a further 32%.

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

The country with the largest volume of metal permanent magnet production was China, comprising approx. 51% of total volume. Moreover, metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was held by Japan, with a 7.2% share.

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

In value terms, the largest metal permanent magnet importing markets into Puerto Rico were Germany, Japan and the United States, together comprising 32% of total imports. These countries were followed by the Philippines, Vietnam, South Korea, Mexico, Thailand, Malaysia, Italy, the Netherlands, India and the UK, which together accounted for a further 41%.

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

In value terms, China remains the largest metal permanent magnet supplier from Puerto Rico, comprising 61% of global exports. The second position in the ranking was taken by Japan, with a 10% share of global exports. It was followed by Germany, with a 4.7% share.

This report provides an in-depth analysis of the metal 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 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