Italy: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Italy

The Italian metal permanent magnet market surged to $X in 2022, increasing by 32% against the previous year. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Metal Permanent Magnet Production in Italy

In value terms, metal permanent magnet production totaled $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 126%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Metal Permanent Magnet Exports

Exports from Italy

In 2022, metal permanent magnet exports from Italy surged to X tons, growing by 70% compared with the previous year. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet exports soared to $X in 2022. In general, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Hungary (X tons) and China (X tons) were the main destinations of metal permanent magnet exports from Italy, together comprising 41% of total exports. The UK, Spain, Germany, Vietnam, Egypt, the United States, Sweden, India, Poland and Brazil lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +168.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal permanent magnet exported from Italy were Germany ($X), France ($X) and Hungary ($X), together comprising 38% of total exports. China, the UK, Vietnam, the United States, Spain, Poland, India, Brazil, Egypt and Sweden lagged somewhat behind, together comprising a further 37%.

Vietnam, with a CAGR of +120.7%, recorded the highest growth rate of the value of exports, among 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 2022, the average metal permanent magnet export price amounted to $X per ton, which is down by -11.6% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 export price increased by +6.6% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 56%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Italy

In 2022, approx. X tons of metal permanent magnets were imported into Italy; jumping by 50% compared with the previous year's figure. Overall, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest metal permanent magnet supplier to Italy, with a 82% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.2% per year) and Germany (+3.3% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Italy, comprising 88% of total imports. The second position in the ranking was held by Germany ($X), with a 4.9% share of total imports. It was followed by France, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and France (+8.1% per year).

Import Prices by Country

In 2022, the average metal permanent magnet import price amounted to $X per ton, dropping by -3.6% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2021 an increase of 64%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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