Report Update Nov 1, 2024

Belarus - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Belarus: Non-Metal Permanent Magnet Market 2024

Non-Metal Permanent Magnet Market Size in Belarus

In 2021, the Belarusian non-metal permanent magnet market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a abrupt downturn. Non-metal permanent magnet consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Non-Metal Permanent Magnet Production in Belarus

In value terms, non-metal permanent magnet production surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable reduction. The growth pace was the most rapid in 2017 when the production volume increased by 45% against the previous year. Non-metal permanent magnet production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Non-Metal Permanent Magnet Exports

Exports from Belarus

Non-metal permanent magnet exports from Belarus stood at X tons in 2021, picking up by 2.7% against the year before. Overall, exports recorded a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 514% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-metal permanent magnet exports amounted to $X in 2021. In general, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 461%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for non-metal permanent magnet exports from Belarus, accounting for a approx. 95% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +2.4%.

In value terms, Russia ($X) also remains the key foreign market for non-metal permanent magnets exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -6.7%.

Export Prices by Country

The average non-metal permanent magnet export price stood at $X per ton in 2021, surging by 8.1% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -8.8% per year.

Non-Metal Permanent Magnet Imports

Imports into Belarus

In 2021, imports of non-metal permanent magnets into Belarus surged to X tons, rising by 55% on the previous year. In general, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet imports surged to $X in 2021. Overall, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of 61%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest non-metal permanent magnet supplier to Belarus, with a 56% share of total imports. Moreover, non-metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1.5% per year) and Germany (+26.6% per year).

In value terms, China ($X), Russia ($X) and Germany ($X) appeared to be the largest non-metal permanent magnet suppliers to Belarus, together comprising 89% of total imports. Finland lagged somewhat behind, accounting for a further 3.9%.

Finland, with a CAGR of +112.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-metal permanent magnet import price amounted to $X per ton, which is down by -21.3% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-metal permanent magnets in the world?

China remains the largest non-metal permanent magnet consuming country worldwide, accounting for 23% of total volume. Moreover, non-metal permanent magnet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Vietnam ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of non-metal permanent magnets in the world?

China remains the largest non-metal permanent magnet producing country worldwide, comprising approx. 57% of total volume. Moreover, non-metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Japan, with a 4.9% share.

What are the leading suppliers of non-metal permanent magnets to Belarus?

In value terms, China, Russia and Germany appeared to be the largest non-metal permanent magnet suppliers to Belarus, with a combined 93% share of total imports. These countries were followed by Finland, which accounted for a further 2.2%.

What are the leading importers of non-metal permanent magnets from Belarus?

In value terms, Russia remains the key foreign market for non-metal permanent magnet exports from Belarus, comprising 72% of total exports. The second position in the ranking was occupied by Ukraine, with a 3.2% share of total exports.

What is the average export price for non-metal permanent magnets in Belarus?

In 2020, the average non-metal permanent magnet export price amounted to $1.4 per unit, declining by -46.2% against the previous year.

What is the average import price for non-metal permanent magnets in Belarus?

In 2020, the average non-metal permanent magnet import price amounted to $3.9 per unit, shrinking by -4.1% against the previous year.

This report provides an in-depth analysis of the non-metal permanent magnet market in Belarus. 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)

Country coverage:

Belarus

Data coverage:

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

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