Report Update Nov 1, 2024

Bulgaria - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Permanent Magnet Market 2024

Permanent Magnet Market Size in Bulgaria

The Bulgarian permanent magnet market soared to $X in 2021, picking up by 24% 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 saw a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Permanent Magnet Exports

Exports from Bulgaria

In 2021, overseas shipments of permanent magnets increased by 33% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 192%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, permanent magnet exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 451%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons), Austria (X tons) and Romania (X tons) were the main destinations of permanent magnet exports from Bulgaria, together accounting for 64% of total exports. These countries were followed by France, North Macedonia, Germany, Switzerland, Greece, the United States and Serbia, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +184.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Turkey ($X) constituted the largest markets for permanent magnet exported from Bulgaria worldwide, with a combined 76% share of total exports. Austria, Switzerland, Romania, Greece, North Macedonia, the United States and Serbia lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Switzerland, with a CAGR of +226.7%, saw the highest rates of growth with regard to the value of exports, 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, surging by 38% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 219% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to North Macedonia ($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 Germany (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Bulgaria

In 2021, permanent magnet imports into Bulgaria rose significantly to X tons, growing by 12% on the year before. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 85%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, permanent magnet imports surged to $X in 2021. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 86% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Slovenia (X tons) and Germany (X tons) were the main suppliers of permanent magnet imports to Bulgaria, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +136.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest permanent magnet suppliers to Bulgaria were China ($X), Germany ($X) and Austria ($X), with a combined 75% share of total imports. Italy, Slovenia and Turkey lagged somewhat behind, together comprising a further 8.1%.

In terms of the main suppliers, Slovenia, with a CAGR of +56.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average permanent magnet import price amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 an increase of 42%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Austria ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for permanent magnets in the world?

China remains the largest permanent magnet consuming country worldwide, comprising approx. 26% of total volume. Moreover, permanent magnet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Vietnam ranked third in terms of total consumption with a 7.9% share.

What are the largest producers of permanent magnets in the world?

China constituted the country with the largest volume of permanent magnet production, comprising approx. 60% of total volume. Moreover, permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, sevenfold. Japan ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of permanent magnets to Bulgaria?

In value terms, the largest permanent magnet suppliers to Bulgaria were Austria, China and Germany, together comprising 78% of total imports.

What are the leading importers of permanent magnets from Bulgaria?

In value terms, the largest markets for permanent magnet exported from Bulgaria were Austria, France and Turkey, together comprising 72% of total exports. Switzerland, the United States, Sweden and Romania lagged somewhat behind, together comprising a further 21%.

What is the average export price for permanent magnets in Bulgaria?

In 2020, the average permanent magnet export price amounted to $11 per unit, growing by 23% against the previous year.

What is the average import price for permanent magnets in Bulgaria?

The average permanent magnet import price stood at $8.5 per unit in 2020, dropping by -9.4% against the previous year.

This report provides an in-depth analysis of the permanent magnet market in Bulgaria. 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)
Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

Country coverage:

Bulgaria

Data coverage:

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