Israel: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Israel

In 2022, the Israeli metal permanent magnet market increased by 39% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +70.4% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Metal Permanent Magnet Exports

Exports from Israel

In 2022, shipments abroad of metal permanent magnets decreased by -40.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 455% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, metal permanent magnet exports fell significantly to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 600%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The United States (X tons) was the main destination for metal permanent magnet exports from Israel, accounting for a 85% share of total exports. Moreover, metal permanent magnet exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X kg), more than tenfold. The Philippines (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+190.3% per year) and the Philippines (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for metal permanent magnets exports from Israel, comprising 85% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 4.2% share of total exports. It was followed by the Philippines, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+174.8% per year) and the Philippines (0.0% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, falling by -5% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Israel

In 2022, overseas purchases of metal permanent magnets increased by 16% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal permanent magnet imports surged to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 51%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest metal permanent magnet supplier to Israel, with a 58% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.8% per year) and the United States (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Israel, comprising 58% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.7% per year) and the United States (+9.1% per year).

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2022, increasing by 4.7% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +62.6% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 32%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per ton) and Switzerland ($X per ton), while the price for South Korea ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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