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Spain - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Spain - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Aug 2, 2023

Price of Magnets in Spain Drops Dramatically to $10.1 per kg

Spain Permanent Magnet Import Price in April 2023

In April 2023, the permanent magnet price stood at $10,058 per ton (CIF, Spain), dropping by -42.7% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average import price increased by 70% month-to-month. Over the period under review, average import prices hit record highs at $17,544 per ton in March 2023, and then dropped dramatically in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($16,105 per ton), while the price for China ($8,984 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Permanent Magnet in Spain (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Netherlands8,98814,62024,41730,58439,17028,34316,73414,48525,17523,09631,37916,79716,105
Italy10,68117,82819,69414,06015,9706,87833,39116,35513,88119,2978,94517,98714,931
Germany9,90512,61628,87110,0077,07119,08922,24621,2898,8047,55110,66312,68511,999
China9,3559,76514,16615,0909,57413,74714,82517,4599,18817,47810,55018,2018,984
Average9,74810,85017,50512,89010,48913,67015,87017,15310,29617,53611,81617,54410,058

Spain Permanent Magnet Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was metal permanent magnets ($24,530 per ton), while the price for non-metal permanent magnets totaled $6,393 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by metal permanent magnet (+6.1%).

Spain Permanent Magnet Imports

In April 2023, the amount of permanent magnets imported into Spain soared to 468 tons, growing by 37% against the month before. Over the period under review, imports, however, showed a noticeable decline.

In value terms, permanent magnet imports shrank sharply to $4.7M (IndexBox estimates) in April 2023. Overall, imports, however, recorded a mild downturn. The growth pace was the most rapid in January 2023 when imports increased by 103% month-to-month.

Spain Permanent Magnet Imports by Type

In April 2023, non-metal permanent magnets (374 tons) constituted the largest type of permanent magnet supplied to Spain, accounting for a 80% share of total imports. Moreover, non-metal permanent magnets exceeded the figures recorded for the second-largest type, metal permanent magnets (95 tons), fourfold.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of non-metal permanent magnets totaled +2.5%.

In value terms, non-metal permanent magnets ($2.4M) and metal permanent magnets ($2.3M) constituted the most imported types of permanent magnets in Spain.

Spain Permanent Magnet Imports by Country

In April 2023, China (380 tons) constituted the largest permanent magnet supplier to Spain, accounting for a 81% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Germany (41 tons), ninefold. the Netherlands (21 tons) ranked third in terms of total imports with a 4.6% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-1.4% per month) and the Netherlands (-13.2% per month).

In value terms, China ($3.4M) constituted the largest supplier of permanent magnet to Spain, comprising 72% of total imports. The second position in the ranking was taken by Germany ($489K), with a 10% share of total imports. It was followed by the Netherlands, with a 7.3% share.

From April 2022 to April 2023, the average monthly growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.2% per month) and the Netherlands (-8.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the permanent magnet market in Spain. 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:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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