Austria: Permanent Magnet Market 2024

Permanent Magnet Market Size in Austria

The Austrian permanent magnet market fell to $X in 2021, which is down by -6.1% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Permanent Magnet Production in Austria

In value terms, permanent magnet production dropped remarkably to $X in 2021 estimated in export price. In general, production showed a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 124% against the previous year. Permanent magnet production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Permanent Magnet Exports

Exports from Austria

In 2021, shipments abroad of permanent magnets increased by 28% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, permanent magnet exports surged to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main destinations of permanent magnet exports from Austria, with a combined 57% share of total exports. Hungary, the Czech Republic, Romania, Slovakia, Slovenia, Bulgaria, Cyprus and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +34.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest markets for permanent magnet exported from Austria worldwide, with a combined 56% share of total exports.

Italy, with a CAGR of +30.4%, recorded the highest growth rate of 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

The average permanent magnet export price stood at $X per ton in 2021, rising by 9.5% against the previous year. Overall, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 Poland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Austria

After two years of decline, overseas purchases of permanent magnets increased by 5.3% to X tons in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 34%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, permanent magnet imports soared to $X in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of permanent magnet imports to Austria, together comprising 87% of total imports. The Czech Republic, Spain, Italy and the UK lagged somewhat behind, together comprising a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +79.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest permanent magnet suppliers to Austria, with a combined 79% share of total imports. The Czech Republic, Spain, Italy and the UK lagged somewhat behind, together accounting for a further 7.7%.

Spain, with a CAGR of +75.0%, saw the highest rates of growth with regard to 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

The average permanent magnet import price stood at $X per ton in 2021, picking up by 27% against the previous year. Over the period under review, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :