EU: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in the EU

The EU metal permanent magnet market soared to $X in 2022, with an increase of 23% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +64.2% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Metal Permanent Magnet Production in the EU

In value terms, metal permanent magnet production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Permanent Magnet Exports

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of metal permanent magnets, which increased by 14% to X tons in 2022. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, metal permanent magnet exports expanded markedly to $X in 2022. Over the period under review, exports recorded a slight expansion. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 52% of total exports in 2022. Italy (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Poland (6.3%) and Austria (5.4%). France (X tons), Spain (X tons), the Czech Republic (X tons), Belgium (X tons), Slovenia (X tons), Finland (X tons), Sweden (X tons) and Denmark (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal permanent magnet supplier in the European Union, comprising 50% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Italy, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (-2.9% per year) and Italy (+15.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with a decrease of -2.7% against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2014 an increase of 15%. The level of export 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 origin: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the other leaders experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports in the EU

In 2022, approx. X tons of metal permanent magnets were imported in the European Union; surging by 22% compared with the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Germany was the major importing country with an import of around X tons, which recorded 30% of total imports. It was distantly followed by Italy (X tons), the Netherlands (X tons), France (X tons), Poland (X tons) and Hungary (X tons), together making up a 44% share of total imports. The Czech Republic (X tons), Spain (X tons), Denmark (X tons), Finland (X tons), Austria (X tons), Slovakia (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal permanent magnet imports into Germany stood at +5.8%. At the same time, Finland (+21.1%), Hungary (+13.1%), Romania (+11.8%), Spain (+8.9%), Italy (+8.9%), the Czech Republic (+7.2%), Poland (+6.2%), France (+3.7%), Austria (+3.4%) and Denmark (+1.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +21.1% from 2012-2022. By contrast, the Netherlands (-3.4%) and Slovakia (-17.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Italy, Hungary, Poland, Finland and Spain increased by +7.7, +5.4, +3, +2.1, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported metal permanent magnets in the European Union, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Poland, with an 8.3% share.

In Germany, metal permanent magnet imports increased at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+14.3% per year) and Poland (+21.7% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 16% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +48.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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