Cyprus: Permanent Magnet Market 2020

Permanent Magnet Market Size in Cyprus

The revenue of the permanent magnet market in Cyprus amounted to $X in 2018, declining by -X% 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). Overall, permanent magnet consumption continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Cyprus permanent magnet consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Permanent Magnet Exports

Exports from Cyprus

In 2018, approx. X kg of permanent magnets were exported from Cyprus; going up by X% against the previous year. Over the period under review, permanent magnet exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. In that year, permanent magnet exports reached their peak of X tons. From 2011 to 2018, the growth of permanent magnet exports remained at a lower figure.

In value terms, permanent magnet exports totaled $X in 2018. In general, permanent magnet exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. In that year, permanent magnet exports attained their peak of $X. From 2011 to 2018, the growth of permanent magnet exports remained at a somewhat lower figure.

Exports by Country

China dominates permanent magnet exports structure, reaching X tons, which was approx. X% of total exports in 2018. South Korea (X tons) held an X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%). The following exporters - Germany (X tons), Malaysia (X tons), Italy (X tons), the U.S. (X tons) and the Netherlands (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Malaysia (+X%), South Korea (+X%), the Netherlands (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), South Korea (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest permanent magnet supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The permanent magnet export price in Cyprus stood at $X per ton in 2018, shrinking by -X% against the previous year. Over the period under review, the permanent magnet export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. In that year, the export prices for permanent magnets reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for permanent magnets failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Cyprus

In 2018, the amount of permanent magnets imported into Cyprus amounted to X tons, lowering by -X% against the previous year. In general, permanent magnet imports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, permanent magnet imports attained their peak of X tons. From 2013 to 2018, the growth of permanent magnet imports failed to regain its momentum.

In value terms, permanent magnet imports amounted to $X in 2018. Overall, permanent magnet imports continue to indicate a drastic deduction. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of permanent magnet imports in 2018 were the U.S. (X tons), Mexico (X tons), Germany (X tons), India (X tons), Malaysia (X tons), Vietnam (X tons), China, Hong Kong SAR (X tons), China (X tons), Thailand (X tons), Japan (X tons), Italy (X tons) and South Korea (X tons), together resulting at X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Thailand, China, Hong Kong SAR, Mexico, South Korea, Vietnam, Malaysia, Japan, Italy, India and Cyprus lagged somewhat behind, together comprising a further X Nam experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The permanent magnet import price in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Overall, the import price indicated a temperate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, permanent magnet import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the import prices for permanent magnets reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform