Luxembourg: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Luxembourg

The Luxembourg metal permanent magnet market surged to $X in 2022, jumping by 20% against the previous year. In general, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Metal Permanent Magnet Production in Luxembourg

In value terms, metal permanent magnet production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a slight expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports from Luxembourg

In 2022, exports of metal permanent magnets from Luxembourg declined dramatically to X tons, dropping by -46.7% compared with 2021. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal permanent magnet exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 79%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of metal permanent magnet exports from Luxembourg, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -1.2%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for metal permanent magnets exports from Luxembourg, comprising 70% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-6.6% per year) and Germany (-4.6% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, declining by -19% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 an increase of 120% against the previous year. The export price peaked at $X per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+13.2%), while the prices for the other major destinations experienced a decline.

Metal Permanent Magnet Imports

Imports into Luxembourg

After three years of growth, overseas purchases of metal permanent magnets decreased by -40.4% to X tons in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 80%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, metal permanent magnet imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of metal permanent magnet imports to Luxembourg, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of metal permanent magnets to Luxembourg, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.8% per year) and France (-1.0% per year).

Import Prices by Country

In 2022, the average metal permanent magnet import price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the average import price increased by 41%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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