Portugal: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Portugal

In 2022, the Portuguese metal permanent magnet market decreased by -1.2% to $X, falling for the third consecutive year after three years of growth. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.3% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Permanent Magnet Exports

Exports from Portugal

In 2022, overseas shipments of metal permanent magnets increased by 4.5% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 490%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal permanent magnet exports contracted rapidly to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 602%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

The UK (X tons), Austria (X tons) and France (X tons) were the main destinations of metal permanent magnet exports from Portugal, together accounting for 68% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +125.8%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for metal permanent magnets exports from Portugal, comprising 42% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+120.5% per year) and France (+74.5% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2022, reducing by -34.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 227%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to the UK ($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 Cote d'Ivoire (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports into Portugal

In 2022, purchases abroad of metal permanent magnets decreased by -8.2% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 61% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, metal permanent magnet imports rose to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.1% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 35% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of metal permanent magnet imports to Portugal, with a combined 77% share of total imports. The Netherlands, Spain, Italy, Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +118.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest metal permanent magnet suppliers to Portugal, with a combined 88% share of total imports. France, Spain, the Netherlands, Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further 9.6%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +84.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal permanent magnet import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The growth pace was the most rapid in 2015 when the average import price increased by 35%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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