United Arab Emirates: Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size in the United Arab Emirates

The metal permanent magnet market in the United Arab Emirates reduced remarkably to $X in 2022, waning by -21.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a measured expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined remarkably in the following year.

Metal Permanent Magnet Exports

Exports from the United Arab Emirates

In 2022, exports of metal permanent magnets from the United Arab Emirates skyrocketed to X tons, surging by 122% on the year before. Overall, exports saw temperate growth. The pace of growth was the most pronounced in 2015 when exports increased by 393% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal permanent magnet exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 235% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X tons), Canada (X tons) and India (X kg) were the main destinations of metal permanent magnet exports from the United Arab Emirates, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +244.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Niger ($X) and India ($X) appeared to be the largest markets for metal permanent magnet exported from the United Arab Emirates worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +213.9%, 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

In 2022, the average metal permanent magnet export price amounted to $X per ton, increasing by 6.1% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 India ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Permanent Magnet Imports

Imports into the United Arab Emirates

In 2022, the amount of metal permanent magnets imported into the United Arab Emirates dropped significantly to X tons, reducing by -25.4% on 2021 figures. In general, imports, however, posted a perceptible increase. The growth pace was the most rapid in 2019 when imports increased by 97% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, metal permanent magnet imports declined to $X in 2022. Over the period under review, imports, however, showed notable growth. The pace of growth was the most pronounced in 2019 when imports increased by 78% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal permanent magnet to the United Arab Emirates, accounting for a 82% share of total imports. Moreover, metal permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.8% per year) and Germany (+3.9% per year).

In value terms, China ($X) constituted the largest supplier of metal permanent magnets to the United Arab Emirates, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and India (-21.8% per year).

Import Prices by Country

The average metal permanent magnet import price stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of 67%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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