Brazil: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Brazil

The Brazilian metal permanent magnet market expanded markedly to $X in 2022, growing by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Metal Permanent Magnet Exports

Exports from Brazil

In 2022, shipments abroad of metal permanent magnets was finally on the rise to reach X tons after two years of decline. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 553% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal permanent magnet exports skyrocketed to $X in 2022. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 116% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for metal permanent magnet exports from Brazil, accounting for a 39% share of total exports. Moreover, metal permanent magnet exports to Hong Kong SAR exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +96.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+31.4% per year) and the Netherlands (+107.1% per year).

In value terms, the largest markets for metal permanent magnet exported from Brazil were Turkey ($X), Hong Kong SAR ($X) and Mexico ($X), with a combined 44% share of total exports. The Netherlands, Colombia, Chile, Argentina, Bolivia, Paraguay, Ecuador, France, Uruguay and Panama lagged somewhat behind, together comprising a further 45%.

The Netherlands, with a CAGR of +98.0%, saw the highest rates of growth with regard to 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

In 2022, the average metal permanent magnet export price amounted to $X per ton, dropping by -11.5% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 103% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Hong Kong SAR ($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 Argentina (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Brazil

In 2022, imports of metal permanent magnets into Brazil reached X tons, remaining constant against 2021 figures. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal permanent magnet imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 117%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of metal permanent magnet to Brazil, with a 91% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.1%.

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Brazil, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.3%.

Import Prices by Country

In 2022, the average metal permanent magnet import price amounted to $X per ton, increasing by 25% against the previous year. In general, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2021 an increase of 67%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.7%).

Source: IndexBox Platform

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