Scandinavia: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in Scandinavia

The Scandinavia metal permanent magnet market expanded notably to $X in 2022, surging by 12% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Permanent Magnet Production in Scandinavia

In value terms, metal permanent magnet production expanded notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 61%. The level of production peaked in 2022 and is likely to continue growth in years to come.

Metal Permanent Magnet Exports

Exports in Scandinavia

In 2022, shipments abroad of metal permanent magnets increased by 13% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal permanent magnet exports expanded sharply to $X in 2022. In general, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons) and Sweden (X tons) dominates exports structure, together generating 96% of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +14.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Finland ($X) remains the largest metal permanent magnet supplier in Scandinavia, comprising 66% of total exports. The second position in the ranking was held by Sweden ($X), with a 29% share of total exports.

In Finland, metal permanent magnet exports contracted by an average annual rate of -7.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+6.4% per year) and Norway (+13.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, shrinking by -2.2% against the previous year. In general, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%), while the other leaders experienced a decline in the export price figures.

Metal Permanent Magnet Imports

Imports in Scandinavia

In 2022, the amount of metal permanent magnets imported in Scandinavia surged to X tons, rising by 30% against 2021 figures. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +98.8% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Finland (X tons) represented the main importer of metal permanent magnets, mixing up 55% of total imports. It was distantly followed by Sweden (X tons) and Norway (X tons), together comprising a 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +21.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest metal permanent magnet importing markets in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Finland, with a CAGR of +17.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by 12% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform