Report Update Feb 1, 2025

Southern Asia - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size in Southern Asia

In 2021, the South Asian non-metal permanent magnet market increased by 34% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Non-Metal Permanent Magnet Production in Southern Asia

In value terms, non-metal permanent magnet production reached $X in 2021 estimated in export price. Overall, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Non-Metal Permanent Magnet Exports

Exports in Southern Asia

In 2021, shipments abroad of non-metal permanent magnets decreased by -20.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 144%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-metal permanent magnet exports rose sharply to $X in 2021. In general, exports saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the non-metal permanent magnets exports, with a CAGR of -2.7% from 2012 to 2021. From 2012 to 2021, the share of India increased by +4.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-metal permanent magnet supplier in Southern Asia.

In India, non-metal permanent magnet exports plunged by an average annual rate of -1.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 37% against the previous year. In general, the export price recorded slight growth. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.8% per year.

Non-Metal Permanent Magnet Imports

Imports in Southern Asia

In 2021, supplies from abroad of non-metal permanent magnets increased by 89% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X tons, which was near 96% of total imports in 2021. Pakistan (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the non-metal permanent magnets imports, with a CAGR of +18.8% from 2012 to 2021. At the same time, Pakistan (+11.0%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +8.3 percentage points.

In value terms, India ($X) constitutes the largest market for imported non-metal permanent magnets in Southern Asia, comprising 91% of total imports. The second position in the ranking was held by Pakistan ($X), with a 7.3% share of total imports.

In India, non-metal permanent magnet imports increased at an average annual rate of +7.9% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -16.8% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by 4.5% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-metal permanent magnets in Southern Asia?

India constituted the country with the largest volume of non-metal permanent magnet consumption, accounting for 61% of total volume. Moreover, non-metal permanent magnet consumption in India exceeded the figures recorded by the second-largest consumer, Afghanistan, threefold. Nepal ranked third in terms of total consumption with a 17% share.

What are the largest producers of non-metal permanent magnets in Southern Asia?

The countries with the highest volumes of non-metal permanent magnet production in 2020 were Afghanistan and Nepal.

What are the leading suppliers of non-metal permanent magnets in Southern Asia?

In value terms, India remains the largest non-metal permanent magnet supplier in Southern Asia.

What are the leading importers of non-metal permanent magnets in Southern Asia?

In value terms, India constitutes the largest market for imported non-metal permanent magnets in Southern Asia, comprising 88% of total imports. The second position in the ranking was occupied by Pakistan, with a 9.2% share of total imports.

What is the average export price for non-metal permanent magnets in Southern Asia?

The non-metal permanent magnet export price in Southern Asia stood at $6.4 per unit in 2020, reducing by -31.1% against the previous year.

What is the average import price for non-metal permanent magnets in Southern Asia?

In 2020, the non-metal permanent magnet import price in Southern Asia amounted to $4 per unit, remaining stable against the previous year.

This report provides an in-depth analysis of the non-metal permanent magnet market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024