Estonia: Permanent Magnet Market 2020

Permanent Magnet Market Size in Estonia

The revenue of the permanent magnet market in Estonia amounted to $X in 2018, reducing by -X% against the previous year. In general, permanent magnet consumption, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Estonia permanent magnet consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Permanent Magnet Production in Estonia

In value terms, permanent magnet production amounted to $X in 2018 estimated in export prices. Over the period under review, permanent magnet production continues to indicate a drastic curtailment. The growth pace was the most rapid in 2018 when production volume increased by X% against the previous year. Estonia permanent magnet production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Permanent Magnet Exports

Exports from Estonia

Permanent magnet exports from Estonia amounted to X tons in 2018, reducing by -X% against the previous year. In general, permanent magnet exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Estonia exports peaked at X tons in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, permanent magnet exports stood at $X in 2018. Over the period under review, permanent magnet exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Estonia exports peaked at $X in 2008; however, from 2009 to 2018, exports remained at a lower figure.

Exports by Country

China dominates permanent magnet exports structure, resulting at X tons, which was approx. X% of total exports in 2018. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%). Germany (X tons), Malaysia (X tons), Italy (X tons), the U.S. (X tons) and the Netherlands (X tons) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to permanent magnet exports from China stood at +X%. 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. From 2007 to 2018, the share of China, South Korea and Malaysia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, permanent magnet exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The permanent magnet export price in Estonia stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the permanent magnet export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. In that year, the export 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 origin; 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 Estonia

Permanent magnet imports into Estonia stood at X tons in 2018, surging by X% against the previous year. In general, permanent magnet imports, however, continue to indicate a moderate descent. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, permanent magnet imports reached their peak of X tons. From 2012 to 2018, the growth of permanent magnet imports failed to regain its momentum.

In value terms, permanent magnet imports totaled $X in 2018. In general, permanent magnet imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, permanent magnet imports reached their peak figure at $X in 2011; however, from 2012 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 amounting to 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, the largest permanent magnet importing markets into Estonia were Germany ($X), the U.S. ($X) and China ($X), with a combined X% share of total imports. Thailand, China, Hong Kong SAR, Mexico, South Korea, Vietnam, Malaysia, Japan, Italy, India and Estonia lagged somewhat behind, together comprising a further X Nam recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The permanent magnet import price in Estonia stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the permanent magnet import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. In that year, the import prices for permanent magnets reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the import prices for permanent magnets remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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