Italy: Non-Metal Permanent Magnet Market 2024

Non-Metal Permanent Magnet Market Size in Italy

In 2021, the Italian non-metal permanent magnet market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. 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.

Non-Metal Permanent Magnet Production in Italy

In value terms, non-metal permanent magnet production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 126% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Metal Permanent Magnet Exports

Exports from Italy

In 2021, overseas shipments of non-metal permanent magnets increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for non-metal permanent magnet exports from Italy, with a 30% share of total exports. Moreover, non-metal permanent magnet exports to Turkey exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+23.0% per year) and Russia (+9.6% per year).

In value terms, Germany ($X) remains the key foreign market for non-metal permanent magnets exports from Italy, comprising 26% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by Spain, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-0.3% per year) and Spain (+4.7% per year).

Export Prices by Country

In 2021, the average non-metal permanent magnet export price amounted to $X per ton, growing by 21% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Argentina ($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 (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Metal Permanent Magnet Imports

Imports into Italy

After two years of decline, overseas purchases of non-metal permanent magnets increased by 42% to X tons in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable 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, non-metal permanent magnet imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest non-metal permanent magnet supplier to Italy, with a 63% share of total imports. Moreover, non-metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.6% per year) and France (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of non-metal permanent magnets to Italy, comprising 68% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Germany, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.6% per year) and Germany (-3.6% per year).

Import Prices by Country

The average non-metal permanent magnet import price stood at $X per ton in 2021, rising by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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