Azerbaijan: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Azerbaijan

The Azerbaijani metal permanent magnet market fell to $X in 2022, reducing by -7.6% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Metal Permanent Magnet Production in Azerbaijan

In value terms, metal permanent magnet production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Metal Permanent Magnet Exports

Exports from Azerbaijan

Metal permanent magnet exports from Azerbaijan shrank notably to X kg in 2022, falling by -71.4% on the year before. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 12,567% against the previous year. As a result, the exports attained the peak of X kg. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal permanent magnet exports fell significantly to $X in 2022. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 51,086% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) and the UK (X kg) were the main destinations of metal permanent magnet exports from Azerbaijan.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -10.4%).

In value terms, the Netherlands ($X) emerged as the key foreign market for metal permanent magnets exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -12.5%.

Export Prices by Country

In 2022, the average metal permanent magnet export price amounted to $X per ton, which is down by -69.1% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by 304%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.4%), while the prices for the other major destinations experienced a decline.

Metal Permanent Magnet Imports

Imports into Azerbaijan

Metal permanent magnet imports into Azerbaijan soared to X tons in 2022, with an increase of 42% against the previous year. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 658%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal permanent magnet imports shrank significantly to $X in 2022. Overall, imports showed a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 303%. Over the period under review, imports attained the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Taiwan (Chinese) (X kg) were the main suppliers of metal permanent magnet imports to Azerbaijan, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +81.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet suppliers to Azerbaijan were Turkey ($X), China ($X) and France ($X), with a combined 79% share of total imports.

France, with a CAGR of +128.5%, 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 2022, the average metal permanent magnet import price amounted to $X per ton, declining by -78.1% against the previous year. Overall, the import price faced a deep slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 52%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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