EU: Permanent Magnet Market 2024

Permanent Magnet Market Size in the EU

The EU permanent magnet market skyrocketed to $X in 2021, surging by 52% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Permanent Magnet Production in the EU

In value terms, permanent magnet production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Permanent Magnet Exports

Exports in the EU

In 2021, overseas shipments of permanent magnets were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, permanent magnet exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of permanent magnets, namely Germany, Italy and the Netherlands, represented more than two-thirds of total export. The Czech Republic (X tons) took an 8.3% share (based on physical terms) of total exports, which put it in second place, followed by France (7.7%). The following exporters - Belgium (X tons) and Poland (X tons) - together made up 6.5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +20.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest permanent magnet supplier in the European Union, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Italy, with a 9.2% share.

In Germany, permanent magnet exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (-1.8% per year) and Italy (+5.1% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Permanent Magnet Imports

Imports in the EU

In 2021, overseas purchases of permanent magnets were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, permanent magnet imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), Poland (X tons), France (X tons), Spain (X tons) and Hungary (X tons) represented the largest importers of permanent magnets, together achieving 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported permanent magnets in the European Union, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by the Netherlands, with an 8.1% share.

In Germany, permanent magnet imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+4.9% per year) and the Netherlands (+0.5% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 18% against the previous year. In general, the import price, however, saw a slight downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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