Eastern Asia: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Eastern Asia

The East Asian metal permanent magnet market rose rapidly to $X in 2022, surging by 15% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.9% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Permanent Magnet Production in Eastern Asia

In value terms, metal permanent magnet production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports in Eastern Asia

In 2022, the amount of metal permanent magnets exported in Eastern Asia dropped slightly to X tons, waning by -4.6% compared with the year before. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, metal permanent magnet exports surged to $X in 2022. Over the period under review, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Japan (X tons), comprising an 8.7% share of total exports. Taiwan (Chinese) (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the metal permanent magnets exports, with a CAGR of +3.7% from 2012 to 2022. At the same time, Taiwan (Chinese) (+1.6%) displayed positive paces of growth. By contrast, Japan (-6.6%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-11.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal permanent magnet supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +7.6%. In the other countries, the average annual rates were as follows: Japan (-8.1% per year) and Taiwan (Chinese) (+1.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 41% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 export price increased by +86.3% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced a decline in the export price figures.

Metal Permanent Magnet Imports

Imports in Eastern Asia

In 2022, overseas purchases of metal permanent magnets increased by 1.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. Overall, imports continue to indicate slight growth. The growth pace was the most rapid in 2021 when imports increased by 44%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan (X tons) and South Korea (X tons) represented the key importers of metal permanent magnets in 2022, amounting to near 40% and 27% of total imports, respectively. It was distantly followed by China (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together making up a 33% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 91% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +19.4%, recorded the highest growth rate of 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

The import price in Eastern Asia stood at $X per ton in 2022, rising by 37% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +85.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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