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Report World - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

World - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Global Non-Metal Permanent Magnet Market 2025

Non-Metal Permanent Magnet Market Size

After two years of decline, the global non-metal permanent magnet market increased by 39% to $X in 2021. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Metal Permanent Magnet Production

In value terms, non-metal permanent magnet production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 14%. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Non-Metal Permanent Magnet Exports

Exports

In 2021, after two years of decline, there was significant growth in shipments abroad of non-metal permanent magnets, when their volume increased by 20% to X tons. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached 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. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the global exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the major exporter of non-metal permanent magnets, comprising 62% of total exports. It was distantly followed by South Korea (X tons) and Hong Kong SAR (X tons), together creating a 15% share of total exports. Germany (X tons), Italy (X tons), Japan (X tons), the Netherlands (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-metal permanent magnet exports from China stood at +2.0%. At the same time, the Philippines (+11.5%), the Netherlands (+5.7%), South Korea (+5.0%) and Italy (+4.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.5% from 2012-2021. Germany and Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-6.4%) illustrated a downward trend over the same period. South Korea (+2.6 p.p.) and China (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -5.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-metal permanent magnet supplier worldwide, comprising 33% of global exports. The second position in the ranking was taken by Germany ($X), with an 8.4% share of global exports. It was followed by the Philippines, with a 7.5% share.

In China, non-metal permanent magnet exports expanded at an average annual rate of +3.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.3% per year) and the Philippines (-7.1% per year).

Export Prices by Country

The average non-metal permanent magnet export price stood at $X per ton in 2021, picking up by 4.6% against the previous year. In general, the export price, however, saw a pronounced slump. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the other global leaders experienced mixed trends in the export price figures.

Non-Metal Permanent Magnet Imports

Imports

In 2021, after two years of decline, there was significant growth in supplies from abroad of non-metal permanent magnets, when their volume increased by 26% to X tons. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. 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 soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-metal permanent magnet imports in 2021 were Germany (X tons), India (X tons), Vietnam (X tons), Italy (X tons), Hong Kong SAR (X tons), China (X tons), the United States (X tons), Mexico (X tons), the Netherlands (X tons), South Korea (X tons), Japan (X tons) and Turkey (X tons), together accounting for 58% of total import. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together accounting for 20% of global imports. These countries were followed by Italy, China, Mexico, the United States, South Korea, Japan, India, Malaysia, the Netherlands and Turkey, which together accounted for a further 38%.

In terms of the main importing countries, Malaysia, with a CAGR of +9.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, approximately mirroring the previous year. In general, the import price recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 3.4% 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 remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of non-metal permanent magnet consumption was China, accounting for 23% of total volume. Moreover, non-metal permanent magnet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Vietnam ranked third in terms of total consumption with a 9.8% share.
China constituted the country with the largest volume of non-metal permanent magnet production, comprising approx. 57% of total volume. Moreover, non-metal permanent magnet production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Japan ranked third in terms of total production with a 4.9% share.
In value terms, China remains the largest non-metal permanent magnet supplier worldwide, comprising 32% of global exports. The second position in the ranking was occupied by Germany, with a 9.1% share of global exports. It was followed by South Korea, with an 8.2% share.
In value terms, the largest non-metal permanent magnet importing markets worldwide were Vietnam, Germany and Hong Kong SAR, together comprising 25% of global imports.
The average non-metal permanent magnet export price stood at $5 per unit in 2020, flattening at the previous year.
The average non-metal permanent magnet import price stood at $4.7 per unit in 2020, reducing by -19.6% against the previous year.

This report provides an in-depth analysis of the global non-metal permanent magnet market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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