United Arab Emirates: Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size in the United Arab Emirates

In 2021, the non-metal permanent magnet market in the United Arab Emirates increased by 21% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Non-Metal Permanent Magnet Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of non-metal permanent magnets were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a slight slump. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-metal permanent magnet exports surged to $X in 2021. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 190% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mozambique (X tons) was the main destination for non-metal permanent magnet exports from the United Arab Emirates, with a 89% share of total exports. Moreover, non-metal permanent magnet exports to Mozambique exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique totaled +91.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+10.3% per year) and Saudi Arabia (-8.8% per year).

In value terms, Oman ($X), Saudi Arabia ($X) and Mozambique ($X) were the largest markets for non-metal permanent magnet exported from the United Arab Emirates worldwide, together accounting for 68% of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +72.3%, recorded the highest rates of growth with regard to 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

In 2021, the average non-metal permanent magnet export price amounted to $X per ton, reducing by -84.8% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 108%. The export price peaked at $X per ton in 2020, and then declined remarkably in the following year.

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 UK ($X per ton), while the average price for exports to Mozambique ($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 (+60.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Metal Permanent Magnet Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in overseas purchases of non-metal permanent magnets, which increased by 26% to X tons in 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 152%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, non-metal permanent magnet imports surged to $X in 2021. In general, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of non-metal permanent magnet to the United Arab Emirates, accounting for a 95% share of total imports. It was followed by Hong Kong SAR (X kg), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +20.0%.

In value terms, China ($X) constituted the largest supplier of non-metal permanent magnets to the United Arab Emirates, comprising 75% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +23.1%.

Import Prices by Country

The average non-metal permanent magnet import price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2015 an increase of 21%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%).

Source: IndexBox Platform

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