Japan: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Japan

The Japanese metal permanent magnet market expanded significantly to $X in 2022, with an increase of 9.2% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +82.1% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Metal Permanent Magnet Production in Japan

In value terms, metal permanent magnet production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports from Japan

In 2022, the amount of metal permanent magnets exported from Japan declined to X tons, which is down by -4.4% against 2021 figures. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal permanent magnet exports rose rapidly to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for metal permanent magnet exports from Japan, accounting for a 55% share of total exports. Moreover, metal permanent magnet exports to the Philippines exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-12.7% per year) and Thailand (+7.6% per year).

In value terms, the Philippines ($X) remains the key foreign market for metal permanent magnets exports from Japan, comprising 50% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-11.9% per year) and Thailand (+0.6% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, saw a mild setback. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Malaysia (+1.0%), while the prices for the other major destinations experienced a decline.

Metal Permanent Magnet Imports

Imports into Japan

In 2022, the amount of metal permanent magnets imported into Japan soared to X tons, rising by 17% against 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +93.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. Overall, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Philippines (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of metal permanent magnet imports to Japan, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +36.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet suppliers to Japan were the Philippines ($X), China ($X) and Vietnam ($X), together accounting for 90% of total imports.

Vietnam, with a CAGR of +52.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2022, growing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :