Italy - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPermanent Magnet Price in Italy Grows Slightly to $11.3 per kg
Italy Permanent Magnet Import Price in March 2023
In March 2023, the permanent magnet price stood at $11,273 per ton (CIF, Italy), remaining relatively unchanged against the previous month. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 35% month-to-month. As a result, import price attained the peak level of $17,454 per ton. From December 2022 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($16,382 per ton), while the price for South Korea ($3,593 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Import Price of Permanent Magnet in Italy (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| China | 17,011 | 16,214 | 18,929 | 20,058 | 15,349 | 14,563 | 17,775 | 16,702 | 21,632 | 17,733 | 21,744 | 12,272 | 16,382 |
| Austria | 17,216 | 7,819 | 11,506 | 17,123 | 8,748 | 11,860 | 11,881 | 36,771 | 10,336 | 15,841 | 10,603 | 20,921 | 15,698 |
| Germany | 33,636 | 16,682 | 12,567 | 13,889 | 11,547 | 17,927 | 15,667 | 8,775 | 11,566 | 10,709 | 9,981 | 8,374 | 6,281 |
| France | 5,806 | 16,522 | 7,134 | 8,700 | 6,683 | 6,132 | 8,231 | 7,885 | 7,436 | 8,281 | 10,359 | 9,942 | 5,876 |
| South Korea | 3,354 | 3,493 | 3,745 | 4,039 | 3,740 | 3,660 | 4,060 | 3,411 | 3,749 | 3,932 | 4,275 | 4,075 | 3,593 |
| Average | 15,383 | 11,985 | 15,252 | 16,097 | 12,872 | 13,658 | 15,155 | 12,964 | 17,454 | 14,099 | 16,336 | 11,173 | 11,273 |
Italy Permanent Magnet Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was metal permanent magnets ($20,627 per ton), while the price for non-metal permanent magnets stood at $6,889 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by non-metal permanent magnet (-1.4%).
Italy Permanent Magnet Imports
In March 2023, after two months of growth, there was significant decline in overseas purchases of permanent magnets, when their volume decreased by -19.7% to 1.3K tons. Over the period under review, imports recorded a perceptible decline. The pace of growth was the most pronounced in January 2023 with an increase of 49% against the previous month.
In value terms, permanent magnet imports dropped significantly to $14M (IndexBox estimates) in March 2023. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in January 2023 with an increase of 73% month-to-month.
Italy Permanent Magnet Imports by Type
In March 2023, non-metal permanent magnets (861 tons) constituted the largest type of permanent magnet supplied to Italy, with a 68% share of total imports. Moreover, non-metal permanent magnets exceeded the figures recorded for the second-largest type, metal permanent magnets (403 tons), twofold.
From March 2022 to March 2023, the average monthly rate of growth in terms of the volume of import of non-metal permanent magnets amounted to -3.9%.
In value terms, metal permanent magnets ($8.3M) and non-metal permanent magnets ($5.9M) were the most imported types of permanent magnets in Italy.
Italy Permanent Magnet Imports by Country
In March 2023, China (626 tons) constituted the largest supplier of permanent magnet to Italy, accounting for a 50% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Germany (224 tons), threefold. South Korea (222 tons) ranked third in terms of total imports with an 18% share.
From March 2022 to March 2023, the average monthly growth rate of volume from China stood at -7.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+15.3% per month) and South Korea (+1.6% per month).
In value terms, China ($10M) constituted the largest supplier of permanent magnet to Italy, comprising 72% of total imports. The second position in the ranking was held by Germany ($1.4M), with a 9.9% share of total imports. It was followed by South Korea, with a 5.6% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from China totaled -7.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.3% per month) and South Korea (+2.2% per month).
This report provides an in-depth analysis of the permanent magnet market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Products: Market Size and Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports and Growth, By Type
- Products: Export Prices and Growth, By Type
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
