Report Update Nov 1, 2024

Kazakhstan - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Permanent Magnet Market 2024

Permanent Magnet Market Size in Kazakhstan

The Kazakh permanent magnet market dropped markedly to $X in 2021, waning by -38.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Permanent Magnet Exports

Exports from Kazakhstan

In 2021, shipments abroad of permanent magnets decreased by -4.8% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, showed a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 1,188%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, permanent magnet exports fell notably to $X in 2021. In general, exports, however, posted a notable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 672% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for permanent magnet exports from Kazakhstan, with a 59% share of total exports. Moreover, permanent magnet exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), threefold. The United States (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+33.6% per year) and the United States (+0.3% per year).

In value terms, Russia ($X) remains the key foreign market for permanent magnets exports from Kazakhstan, comprising 78% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 6.8% share of total exports. It was followed by the United Arab Emirates, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+20.3% per year) and the United Arab Emirates (+21.7% per year).

Export Prices by Country

The average permanent magnet export price stood at $X per ton in 2021, waning by -42.5% against the previous year. Over the period under review, the export price, however, saw moderate growth. The pace of growth was the most pronounced in 2015 an increase of 298% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to the Dominican Republic ($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 Latvia (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Kazakhstan

In 2021, approx. X tons of permanent magnets were imported into Kazakhstan; waning by -31.7% on the previous year. In general, imports, however, posted a strong expansion. The growth pace was the most rapid in 2020 with an increase of 107% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, permanent magnet imports contracted rapidly to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2020 with an increase of 143% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest permanent magnet supplier to Kazakhstan, with a 66% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +16.5%.

In value terms, the largest permanent magnet suppliers to Kazakhstan were China ($X) and Russia ($X).

In terms of the main suppliers, China, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average permanent magnet import price stood at $X per ton in 2021, reducing by -16.3% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for permanent magnets in the world?

The country with the largest volume of permanent magnet consumption was China, accounting for 26% of total volume. Moreover, permanent magnet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Vietnam ranked third in terms of total consumption with a 7.9% share.

What are the largest producers of permanent magnets in the world?

China remains the largest permanent magnet producing country worldwide, comprising approx. 60% of total volume. Moreover, permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, sevenfold. The third position in this ranking was occupied by Japan, with a 5.7% share.

What are the leading suppliers of permanent magnets to Kazakhstan?

In value terms, China constituted the largest supplier of permanent magnet to Kazakhstan, comprising 53% of total imports. The second position in the ranking was occupied by Russia, with a 23% share of total imports.

What are the leading importers of permanent magnets from Kazakhstan?

In value terms, Russia remains the key foreign market for permanent magnet exports from Kazakhstan, comprising 78% of total exports. The second position in the ranking was occupied by Qatar, with a 4.2% share of total exports.

What is the average export price for permanent magnets in Kazakhstan?

The average permanent magnet export price stood at $12 per unit in 2020, dropping by -7.6% against the previous year.

What is the average import price for permanent magnets in Kazakhstan?

In 2020, the average permanent magnet import price amounted to $6.9 per unit, growing by 14% against the previous year.

This report provides an in-depth analysis of the permanent magnet market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)
Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023