Israel: Permanent Magnet Market 2024

Permanent Magnet Market Size in Israel

The Israeli permanent magnet market totaled $X in 2021, increasing by 4.1% against the previous year. In general, consumption posted a resilient expansion. Permanent magnet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Permanent Magnet Production in Israel

In value terms, permanent magnet production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 83%. Permanent magnet production peaked at $X in 2020, and then contracted modestly in the following year.

Permanent Magnet Exports

Exports from Israel

After two years of growth, overseas shipments of permanent magnets decreased by -0.4% to X tons in 2021. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 263% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced slightly in the following year.

In value terms, permanent magnet exports skyrocketed to $X in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 180%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of permanent magnet exports from Israel, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +211.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for permanent magnet exported from Israel were Germany ($X), the United States ($X) and China ($X), together accounting for 86% of total exports. These countries were followed by Hong Kong SAR, Slovenia and Singapore, which together accounted for a further 11%.

Hong Kong SAR, with a CAGR of +104.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average permanent magnet export price amounted to $X per ton, rising by 32% against the previous year. In general, the export price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Germany ($X per ton), while the average price for exports to Singapore ($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 Germany (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Permanent Magnet Imports

Imports into Israel

In 2021, after two years of decline, there was significant growth in overseas purchases of permanent magnets, when their volume increased by 43% to X tons. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, permanent magnet imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; 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.

Imports by Country

In 2021, China (X tons) was the main permanent magnet supplier to Israel, accounting for a 91% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.8% per year) and the United States (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of permanent magnets to Israel, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.6% per year) and Germany (-11.8% per year).

Import Prices by Country

In 2021, the average permanent magnet import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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