Report Update Nov 1, 2024

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

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Argentina: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Argentina

In 2022, the Argentinian metal permanent magnet market increased by 26% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a buoyant increase. Metal permanent magnet consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Permanent Magnet Exports

Exports from Argentina

In 2022, overseas shipments of metal permanent magnets decreased by -65.6% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 282%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal permanent magnet exports fell markedly to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 501%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X kg) was the main destination for metal permanent magnet exports from Argentina, accounting for a 68% share of total exports. Moreover, metal permanent magnet exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+44.6% per year) and the United States (+35.6% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for metal permanent magnets exports from Argentina, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.7% per year) and Brazil (+29.7% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, dropping by -42.3% against the previous year. Over the period under review, the export price showed a mild contraction. The growth pace was the most rapid in 2018 an increase of 57% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Argentina

Metal permanent magnet imports into Argentina fell to X tons in 2022, shrinking by -2.7% against the previous year. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 83% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal permanent magnet imports surged to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main metal permanent magnet supplier to Argentina, accounting for a 94% share of total imports. It was followed by Mexico (X tons), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+89.1% per year) and the United States (-7.1% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Argentina, comprising 63% of total imports. The second position in the ranking was held by Mexico ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+90.7% per year) and the United States (+0.0% per year).

Import Prices by Country

In 2022, the average metal permanent magnet import price amounted to $X per ton, picking up by 49% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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 in 2021 were China, the United States and India, with a combined 48% share of global consumption. Mexico, Indonesia, Japan, Germany, Canada, Saudi Arabia, Italy, South Korea, the Philippines and Thailand lagged somewhat behind, together comprising a further 30%.

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. 50% of total volume. Moreover, metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of metal permanent magnets to Argentina?

In value terms, China constituted the largest supplier of metal permanent magnet to Argentina.

What are the leading importers of metal permanent magnets from Argentina?

In value terms, Mexico, Colombia and Chile constituted the largest markets for metal permanent magnet exported from Argentina worldwide, with a combined 60% share of total exports. These countries were followed by Paraguay, South Africa, Brazil and Canada, which together accounted for a further 13%.

What is the average export price for metal permanent magnets in Argentina?

In 2021, the average metal permanent magnet export price amounted to $99 per unit, which is down by -5.7% against the previous year.

What is the average import price for metal permanent magnets in Argentina?

The average metal permanent magnet import price stood at $21 per unit in 2021, with an increase of 8% against the previous year.

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

Argentina

Data coverage:

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