SADC: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in SADC

The SADC metal permanent magnet market skyrocketed to $X in 2022, rising by 38% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Permanent Magnet Production in SADC

In value terms, metal permanent magnet production rose markedly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of 79%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Metal Permanent Magnet Exports

Exports in SADC

In 2022, exports of metal permanent magnets in SADC shrank notably to X tons, dropping by -24% compared with 2021 figures. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 148% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal permanent magnet exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 98%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

South Africa dominates exports structure, finishing at X tons, which was near 97% of total exports in 2022. Angola (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, Angola (+54.5%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of +54.5% from 2012-2022. While the share of Angola (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal permanent magnet supplier in SADC, comprising 97% of total exports. The second position in the ranking was held by Angola ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +13.1%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2015 an increase of 112% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.2%).

Metal Permanent Magnet Imports

Imports in SADC

Metal permanent magnet imports surged to X tons in 2022, rising by 41% against 2021. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa dominates imports structure, recording X tons, which was near 80% of total imports in 2022. Tanzania (X tons), Mozambique (X tons), Democratic Republic of the Congo (X tons), Angola (X tons), Madagascar (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Mozambique (+43.1%), Madagascar (+18.2%), Angola (+16.4%), Zimbabwe (+13.9%), Democratic Republic of the Congo (+3.8%) and Tanzania (+1.9%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +43.1% from 2012-2022. From 2012 to 2022, the share of Mozambique and Angola increased by +2.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported metal permanent magnets in SADC, comprising 80% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 3.5% share of total imports. It was followed by Angola, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (-1.0% per year) and Angola (+8.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, shrinking by -5.2% against the previous year. Over the period under review, the import price showed a mild curtailment. The growth pace was the most rapid in 2020 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform