Angola: Permanent Magnet Market 2025

Permanent Magnet Market Size in Angola

The Angolan permanent magnet market fell sharply to $X in 2021, dropping by -29.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Permanent Magnet Exports

Exports from Angola

In 2021, the amount of permanent magnets exported from Angola dropped significantly to X kg, waning by -77.9% compared with 2020. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 978%. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, permanent magnet exports skyrocketed to $X in 2021. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 330% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Senegal (X kg), Italy (X kg) and France (X kg) were the main destinations of permanent magnet exports from Angola, with a combined 78% share of total exports. Gabon and Namibia lagged somewhat behind, together accounting for a further 4%.

From 2012 to 2021, the biggest increases were recorded for Gabon (with a CAGR of +200.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Senegal ($X) and the United Arab Emirates ($X) appeared to be the largest markets for permanent magnet exported from Angola worldwide, with a combined 66% share of total exports.

The United Arab Emirates, with a CAGR of +13.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average permanent magnet export price amounted to $X per ton, with an increase of 699% against the previous year. Over the period under review, the export price recorded prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.1%), while the prices for the other major destinations experienced a decline.

Permanent Magnet Imports

Imports into Angola

In 2021, imports of permanent magnets into Angola shrank rapidly to X tons, waning by -35.9% on 2020 figures. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, permanent magnet imports reduced rapidly to $X in 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 234%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of permanent magnet to Angola, accounting for a 37% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.2% per year) and Portugal (-26.5% per year).

In value terms, France ($X), Norway ($X) and China ($X) were the largest permanent magnet suppliers to Angola, with a combined 46% share of total imports. The UK, Portugal, Brazil, the Netherlands, South Africa, South Korea, the United States, India, Belgium and Latvia lagged somewhat behind, together comprising a further 22%.

The Netherlands, with a CAGR of +29.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average permanent magnet import price amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, permanent magnet import price increased by +55.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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