Switzerland: Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size in Switzerland

The Swiss non-metal permanent magnet market shrank to $X in 2021, declining by -12.8% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Non-metal permanent magnet consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Non-Metal Permanent Magnet Production in Switzerland

In value terms, non-metal permanent magnet production dropped remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 283% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell rapidly in the following year.

Non-Metal Permanent Magnet Exports

Exports from Switzerland

For the fifth consecutive year, Switzerland recorded growth in shipments abroad of non-metal permanent magnets, which increased by 81% to X tons in 2021. Over the period under review, exports enjoyed resilient 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 soared to $X in 2021. In general, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for non-metal permanent magnet exports from Switzerland, accounting for a 46% share of total exports. Moreover, non-metal permanent magnet exports to Germany exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+89.7% per year) and Slovenia (+122.0% per year).

In value terms, Germany ($X) remains the key foreign market for non-metal permanent magnets exports from Switzerland, comprising 38% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by South Korea, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+51.9% per year) and South Korea (+113.6% per year).

Export Prices by Country

The average non-metal permanent magnet export price stood at $X per ton in 2021, which is down by -10.5% against the previous year. In general, the export price showed a noticeable reduction. The growth pace was the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Slovenia ($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 United States (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Metal Permanent Magnet Imports

Imports into Switzerland

In 2021, non-metal permanent magnet imports into Switzerland skyrocketed to X tons, growing by 41% compared with 2020. The total import volume increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest non-metal permanent magnet supplier to Switzerland, accounting for a 66% share of total imports. Moreover, non-metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and Malaysia (+15.4% per year).

In value terms, the largest non-metal permanent magnet suppliers to Switzerland were China ($X), Germany ($X) and Malaysia ($X), together comprising 77% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-metal permanent magnet import price amounted to $X per ton, shrinking by -7.6% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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 (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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