Global Metal Permanent Magnet Market 2025

Metal Permanent Magnet Market Size

The global metal permanent magnet market rose sharply to $X in 2022, increasing by 14% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.2% against 2016 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

Metal Permanent Magnet Production

In value terms, metal permanent magnet production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Global production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Metal Permanent Magnet Exports

Exports

In 2022, overseas shipments of metal permanent magnets increased by 9.8% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, metal permanent magnet exports skyrocketed to $X in 2022. In general, exports continue to indicate a notable increase. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China was the largest exporter of metal permanent magnets in the world, with the volume of exports reaching X tons, which was approx. 61% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with a 13% share, followed by Japan (6%). The following exporters - Germany (X tons), Vietnam (X tons), India (X tons) and the Netherlands (X tons) - each reached a 7.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal permanent magnet exports from China stood at +3.7%. At the same time, Malaysia (+32.4%), Vietnam (+29.3%), India (+3.9%) and Germany (+3.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.4% from 2012-2022. By contrast, the Netherlands (-4.4%) and Japan (-6.6%) illustrated a downward trend over the same period. While the share of Malaysia (+12 p.p.), China (+2.6 p.p.) and Vietnam (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-1.8 p.p.) and Japan (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal permanent magnet supplier worldwide, comprising 68% of global exports. The second position in the ranking was taken by Japan ($X), with an 8.7% share of global exports. It was followed by Germany, with a 4% share.

In China, metal permanent magnet exports increased at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-8.1% per year) and Germany (+0.5% per year).

Export Prices by Country

In 2022, the average metal permanent magnet export price amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.1%), while the other global leaders experienced more modest paces of growth.

Metal Permanent Magnet Imports

Imports

In 2022, global imports of metal permanent magnets soared to X tons, growing by 18% on 2021. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, metal permanent magnet imports skyrocketed to $X in 2022. Over the period under review, imports recorded measured growth. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, India (X tons), distantly followed by the United States (X tons), Mexico (X tons) and Germany (X tons) represented the major importers of metal permanent magnets, together generating 52% of total imports. The following importers - the Philippines (X tons), Japan (X tons), Thailand (X tons), South Korea (X tons), Italy (X tons), Vietnam (X tons), the Netherlands (X tons), the UK (X tons) and France (X tons) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +48.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 36% of global imports. The Philippines, South Korea, Mexico, Vietnam, Thailand, India, Italy, France, the Netherlands and the UK lagged somewhat behind, together comprising a further 38%.

Among the main importing countries, the Philippines, with a CAGR of +70.5%, recorded the highest rates of growth with regard to 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 2022, the average metal permanent magnet import price amounted to $X per ton, growing by 9.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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