Sweden: Non-Metal Permanent Magnet Market 2024

Non-Metal Permanent Magnet Market Size in Sweden

In 2021, the Swedish non-metal permanent magnet market decreased by -7% to $X, falling for the third year in a row after seven years of growth. In general, consumption, however, posted resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Non-Metal Permanent Magnet Production in Sweden

In value terms, non-metal permanent magnet production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production enjoyed buoyant growth. The growth pace was the most rapid in 2015 with an increase of 50% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Non-Metal Permanent Magnet Exports

Exports from Sweden

In 2021, overseas shipments of non-metal permanent magnets increased by 56% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Italy (X tons) and Poland (X tons) were the main destinations of non-metal permanent magnet exports from Sweden, together comprising 60% of total exports. Norway, Germany, Finland, Latvia, Denmark, Spain, Hungary, Estonia, the United States and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), France ($X) and Poland ($X) were the largest markets for non-metal permanent magnet exported from Sweden worldwide, together accounting for 34% of total exports. Italy, Hungary, Germany, the United States, Finland, Estonia, Denmark, Latvia, Spain and the UK lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Latvia, with a CAGR of +60.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-metal permanent magnet export price stood at $X per ton in 2021, declining by -18.2% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export 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 (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Metal Permanent Magnet Imports

Imports into Sweden

In 2021, supplies from abroad of non-metal permanent magnets decreased by -3.8% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, non-metal permanent magnet imports surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of non-metal permanent magnet imports to Sweden, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +47.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-metal permanent magnets to Sweden, comprising 52% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.6% per year) and Germany (+14.9% per year).

Import Prices by Country

In 2021, the average non-metal permanent magnet import price amounted to $X per ton, with an increase of 27% against the previous year. In general, the import price, however, saw a slight contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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