Sweden: Permanent Magnet Market 2025

Permanent Magnet Market Size in Sweden

The Swedish permanent magnet market expanded sharply to $X in 2021, rising by 9.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Permanent Magnet Production in Sweden

In value terms, permanent magnet production fell to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +91.8% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Permanent Magnet Exports

Exports from Sweden

In 2021, overseas shipments of permanent magnets increased by 40% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, permanent magnet exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Italy (X tons) and Norway (X tons) were the main destinations of permanent magnet exports from Sweden, with a combined 49% share of total exports. These countries were followed by Poland, Finland, Denmark, Germany, the Netherlands, the UK, Latvia, Spain, the United States and Estonia, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +59.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for permanent magnets exports from Sweden, comprising 16% of total exports. The second position in the ranking was held by Finland ($X), with an 8.1% share of total exports. It was followed by France, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+10.5% per year) and France (+5.9% per year).

Export Prices by Country

The average permanent magnet export price stood at $X per ton in 2021, with a decrease of -6.3% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Permanent Magnet Imports

Imports into Sweden

In 2021, approx. X tons of permanent magnets were imported into Sweden; with an increase of 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 14%. Over the period under review, imports reached the maximum at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, permanent magnet imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern 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

China (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of permanent magnet imports to Sweden, with a combined 90% share of total imports. These countries were followed by Taiwan (Chinese), Italy, the UK and the United States, which together accounted for a further 7%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of permanent magnets to Sweden, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.7% per year) and the Netherlands (+6.7% per year).

Import Prices by Country

The average permanent magnet import price stood at $X per ton in 2021, surging by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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