Lithuania: Permanent Magnet Market 2020

Permanent Magnet Market Size in Lithuania

The revenue of the permanent magnet market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. In general, permanent magnet consumption continues to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Lithuania permanent magnet consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Permanent Magnet Production in Lithuania

In value terms, permanent magnet production amounted to $X in 2018 estimated in export prices. Over the period under review, permanent magnet production, however, continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2016 when production volume increased by X% year-to-year. Lithuania permanent magnet production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Permanent Magnet Exports

Exports from Lithuania

In 2018, the permanent magnet exports from Lithuania amounted to X tons, picking up by X% against the previous year. In general, permanent magnet exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Lithuania exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, permanent magnet exports totaled $X in 2018. Over the period under review, permanent magnet exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, permanent magnet exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

China dominates permanent magnet exports structure, finishing at X tons, which was approx. X% of total exports in 2018. It was distantly followed by South Korea (X tons) and Japan (X tons), together comprising a X% share of total exports. Germany (X tons), Malaysia (X tons), Italy (X tons), the U.S. (X tons) and the Netherlands (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Malaysia (+X%), South Korea (+X%), the Netherlands (+X%), Germany (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), South Korea (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest permanent magnet supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the permanent magnet export price in Lithuania amounted to $X per ton, growing by X% against the previous year. Overall, the permanent magnet export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. In that year, the export prices for permanent magnets attained their peak level of $X per ton. From 2017 to 2018, the growth in terms of the export prices for permanent magnets remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Lithuania

In 2018, the amount of permanent magnets imported into Lithuania totaled X tons, shrinking by -X% against the previous year. Overall, permanent magnet imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Lithuania imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, permanent magnet imports amounted to $X in 2018. Overall, permanent magnet imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Lithuania imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

The imports of the twelve major importers of permanent magnets, namely the U.S., Mexico, Germany, India, Malaysia, Vietnam, China, Hong Kong SAR, China, Thailand, Japan, Italy and South Korea, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and China ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Thailand, China, Hong Kong SAR, Mexico, South Korea, Vietnam, Malaysia, Japan, Italy, India and Lithuania lagged somewhat behind, together accounting for a further X Nam recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The permanent magnet import price in Lithuania stood at $X per ton in 2018, surging by X% against the previous year. Overall, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. In that year, the import prices for permanent magnets reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for permanent magnets remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform