Report Update Feb 1, 2025

Iran - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size in Iran

The Iranian non-metal permanent magnet market fell rapidly to $X in 2021, shrinking by -42.2% 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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Non-Metal Permanent Magnet Exports

Exports from Iran

In 2021, the amount of non-metal permanent magnets exported from Iran skyrocketed to X tons, growing by 646% on the year before. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet exports soared to $X in 2021. Overall, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Georgia (X tons) was the main destination for non-metal permanent magnet exports from Iran, accounting for a 75% share of total exports. Moreover, non-metal permanent magnet exports to Georgia exceeded the volume sent to the second major destination, Armenia (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled +79.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+29.3% per year) and Germany (0.0% per year).

In value terms, Georgia ($X) remains the key foreign market for non-metal permanent magnets exports from Iran, comprising 65% of total exports. The second position in the ranking was held by Armenia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+24.9% per year) and Germany (0.0% per year).

Export Prices by Country

The average non-metal permanent magnet export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (-3.5%).

Non-Metal Permanent Magnet Imports

Imports into Iran

After two years of growth, overseas purchases of non-metal permanent magnets decreased by -40.9% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 62% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-metal permanent magnet imports fell markedly to $X in 2021. In general, imports showed a slight decrease. The pace of growth was the most pronounced in 2014 when imports increased by 94% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main non-metal permanent magnet supplier to Iran, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.8%.

In value terms, China ($X) constituted the largest supplier of non-metal permanent magnets to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.5%.

Import Prices by Country

In 2021, the average non-metal permanent magnet import price amounted to $X per ton, which is down by -8.3% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 20%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +1.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-metal permanent magnets in the world?

China constituted the country with the largest volume of non-metal permanent magnet consumption, comprising approx. 23% of total volume. Moreover, non-metal permanent magnet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Vietnam, with a 9.8% share.

What are the largest producers of non-metal permanent magnets in the world?

China remains the largest non-metal permanent magnet producing country worldwide, comprising approx. 57% of total volume. Moreover, non-metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Japan, with a 4.9% share.

What are the leading suppliers of non-metal permanent magnets to Iran?

In value terms, China constituted the largest supplier of non-metal permanent magnet to Iran.

What are the leading importers of non-metal permanent magnets from Iran?

In value terms, Georgia remains the key foreign market for non-metal permanent magnet exports from Iran, comprising 89% of total exports. The second position in the ranking was occupied by Turkey $180), with a 7.5% share of total exports.

What is the average export price for non-metal permanent magnets in Iran?

The average non-metal permanent magnet export price stood at $2.8 per unit in 2020, waning by -46.1% against the previous year.

What is the average import price for non-metal permanent magnets in Iran?

In 2020, the average non-metal permanent magnet import price amounted to $2 per unit, rising by 5.2% against the previous year.

This report provides an in-depth analysis of the non-metal permanent magnet market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024