Pakistan: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Pakistan

The Pakistani metal permanent magnet market contracted rapidly to $X in 2022, shrinking by -19.7% 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). In general, consumption posted significant growth. Metal permanent magnet consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports from Pakistan

In 2022, overseas shipments of metal permanent magnets were finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of 689% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal permanent magnet exports skyrocketed to $X in 2022. In general, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 777%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for metal permanent magnet exports from Pakistan, with a 45% share of total exports. Moreover, metal permanent magnet exports to China exceeded the volume sent to the second major destination, Russia (X kg), fourfold. Germany (X kg) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-24.2% per year) and Germany (-9.9% per year).

In value terms, the largest markets for metal permanent magnet exported from Pakistan were Japan ($X), Switzerland ($X) and China ($X), together comprising 73% of total exports. Russia, Qatar, Italy, Germany, the United States, the United Arab Emirates and Canada lagged somewhat behind, together accounting for a further 20%.

Qatar, with a CAGR of +14.4%, 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 a decline.

Export Prices by Country

In 2022, the average metal permanent magnet export price amounted to $X per ton, picking up by 99% against the previous year. Overall, the export price posted resilient growth. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Netherlands (+74.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Pakistan

In 2022, approx. X tons of metal permanent magnets were imported into Pakistan; standing approx. at the year before. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 105%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal permanent magnet imports declined significantly to $X in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 136%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal permanent magnet to Pakistan, accounting for a 80% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+69.0% per year) and France (-14.8% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to Pakistan, comprising 76% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+87.9% per year) and France (-9.1% per year).

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2022, shrinking by -23.9% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 31%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :