Ethiopia: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Ethiopia

The Ethiopian metal permanent magnet market soared to $X in 2022, increasing by 1,095% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. Metal permanent magnet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Permanent Magnet Exports

Exports from Ethiopia

In 2022, the amount of metal permanent magnets exported from Ethiopia surged to X kg, picking up by 100% against 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 200% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal permanent magnet exports dropped rapidly to $X in 2022. In general, exports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2020 when exports increased by 100%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X kg) and the United Arab Emirates (X kg) were the main destinations of metal permanent magnet exports from Ethiopia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of 0.0%).

In value terms, Poland ($X) and the United Arab Emirates ($X) constituted the largest markets for metal permanent magnet exported from Ethiopia worldwide.

Poland, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, falling by -61.4% against the previous year. Overall, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 300%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-12.6%).

Metal Permanent Magnet Imports

Imports into Ethiopia

In 2022, approx. X tons of metal permanent magnets were imported into Ethiopia; jumping by 1,397% on 2021 figures. In general, imports, however, recorded a mild decrease. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal permanent magnet imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the United States (X kg) were the main suppliers of metal permanent magnet imports to Ethiopia, with a combined 84% share of total imports. Turkey, Spain, the Netherlands and India lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet suppliers to Ethiopia were China ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for 72% of total imports. Spain, India, the Netherlands and Turkey lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, the Netherlands, with a CAGR of +58.2%, saw 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

In 2022, the average metal permanent magnet import price amounted to $X per ton, waning by -40.3% against the previous year. Over the period under review, the import price, however, showed mild growth. The growth pace was the most rapid in 2017 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform