Poland: Permanent Magnet Market 2024

Permanent Magnet Market Size in Poland

The Polish permanent magnet market surged to $X in 2021, increasing by 25% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Permanent Magnet Production in Poland

In value terms, permanent magnet production declined significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 384%. Permanent magnet production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Permanent Magnet Exports

Exports from Poland

Permanent magnet exports from Poland surged to X tons in 2021, increasing by 53% compared with the year before. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 142%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, permanent magnet exports surged to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 118%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for permanent magnet exports from Poland, accounting for a 30% share of total exports. Moreover, permanent magnet exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+49.1% per year) and Italy (+27.2% per year).

In value terms, the largest markets for permanent magnet exported from Poland were Germany ($X), France ($X) and the United States ($X), with a combined 63% share of total exports. These countries were followed by Russia, the UK, Italy, Austria, Spain, Turkey, the Czech Republic, Slovakia, Lithuania and Sweden, which together accounted for a further 28%.

Austria, with a CAGR of +80.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average permanent magnet export price amounted to $X per ton, surging by 2.6% against the previous year. Overall, the export price, however, showed a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 the UK (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Poland

In 2021, permanent magnet imports into Poland surged to X tons, increasing by 31% on 2020 figures. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, permanent magnet imports surged to $X in 2021. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of permanent magnet to Poland, accounting for a 77% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.0% per year) and Germany (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of permanent magnets to Poland, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by Italy, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Italy (+4.3% per year).

Import Prices by Country

In 2021, the average permanent magnet import price amounted to $X per ton, jumping by 46% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, permanent magnet import price increased by +83.1% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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