Benelux: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Benelux

In 2022, the Benelux metal permanent magnet market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Permanent Magnet Production in Benelux

In value terms, metal permanent magnet production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 74% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Permanent Magnet Exports

Exports in Benelux

In 2022, the amount of metal permanent magnets exported in Benelux was estimated at X tons, approximately equating the previous year. Overall, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal permanent magnet exports declined slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands dominates exports structure, reaching X tons, which was near 90% of total exports in 2022. It was distantly followed by Belgium (X tons), making up a 9.5% share of total exports.

The Netherlands was also the fastest-growing in terms of the metal permanent magnets exports, with a CAGR of -4.4% from 2012 to 2022. Belgium (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +4 percentage points.

In value terms, the Netherlands ($X) remains the largest metal permanent magnet supplier in Benelux, comprising 92% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.1% share of total exports.

In the Netherlands, metal permanent magnet exports declined by an average annual rate of -2.9% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, reducing by -2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 an increase of 48%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%).

Metal Permanent Magnet Imports

Imports in Benelux

For the seventh year in a row, Benelux recorded growth in purchases abroad of metal permanent magnets, which increased by 18% to X tons in 2022. Overall, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by 31%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal permanent magnet imports contracted to $X in 2022. Over the period under review, imports, however, showed a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) represented the key importer of metal permanent magnets, generating 89% of total imports. It was distantly followed by Belgium (X tons), comprising a 10% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal permanent magnet imports into the Netherlands stood at -3.4%. Belgium (-2.2%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported metal permanent magnets in Benelux, comprising 87% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports.

In the Netherlands, metal permanent magnet imports decreased by an average annual rate of -1.1% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by -22.9% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal permanent magnet import price increased by +21.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 58% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%).

Source: IndexBox Platform