Italy - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPermanent Magnet Price in Italy - 2023
Contents:
- Permanent Magnet Price in Italy (CIF) - 2023
- Permanent Magnet Price in Italy (FOB) - 2023
- Permanent Magnet Imports in Italy
- Permanent Magnet Exports in Italy
Permanent Magnet Price in Italy (CIF) - 2023
In August 2023, the average permanent magnet import price amounted to $11,120 per ton, declining by -9.1% against the previous month. In general, the import price recorded a mild contraction. The most prominent rate of growth was recorded in November 2022 an increase of 34% m-o-m. As a result, import price reached the peak level of $17,478 per ton. From December 2022 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($12,823 per ton), while the price for South Korea ($3,405 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced a decline.
Permanent Magnet Price in Italy (FOB) - 2023
The average permanent magnet export price stood at $6,870 per ton in August 2023, falling by -21.4% against the previous month. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 227% month-to-month. As a result, the export price attained the peak level of $36,209 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was France ($36,431 per ton), while the average price for exports to Turkey ($1,946 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Permanent Magnet Imports in Italy
In 2022, imports of permanent magnets into Italy rose sharply to 20K tons, picking up by 6% against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, permanent magnet imports skyrocketed to $287M in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Permanent Magnet in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 106 | 94.1 | 164 | 236 | 30.6% |
Germany | 10.8 | 9.6 | 11.7 | 15.5 | 12.8% |
South Korea | 9.6 | 8.4 | 12.2 | 10.0 | 1.4% |
France | 7.1 | 4.4 | 5.8 | 7.4 | 1.4% |
Others | 14.2 | 13.0 | 13.7 | 18.4 | 9.0% |
Total | 148 | 130 | 208 | 287 | 24.7% |
Top Suppliers of Permanent Magnet to Italy in 2022:
- China (13.8K tons)
- South Korea (2.7K tons)
- Germany (1.0K tons)
- France (0.9K tons)
Permanent Magnet Exports in Italy
In 2022, the amount of permanent magnets exported from Italy expanded remarkably to 11K tons, rising by 6.4% against 2021. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, permanent magnet exports soared to $98M in 2022. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Permanent Magnet in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 11.7 | 6.7 | 17.4 | 18.2 | 15.9% |
China | 4.5 | 4.2 | 4.7 | 8.9 | 25.5% |
France | 6.9 | 6.2 | 7.1 | 8.3 | 6.4% |
Spain | 4.0 | 3.8 | 5.8 | 6.5 | 17.6% |
Hungary | 1.5 | 1.2 | 1.3 | 6.4 | 62.2% |
Turkey | 4.1 | 4.0 | 5.9 | 6.0 | 13.5% |
Romania | 3.1 | 3.5 | 4.5 | 5.1 | 18.1% |
Poland | 3.0 | 3.0 | 4.1 | 5.1 | 19.3% |
Finland | 0.1 | 0.1 | 0.1 | 1.9 | 166.8% |
Russia | 1.3 | 1.3 | 1.9 | 1.8 | 11.5% |
Mexico | 1.1 | 0.9 | 1.8 | 1.4 | 8.4% |
Slovenia | 0.5 | 0.5 | 1.0 | 1.3 | 37.5% |
South Africa | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
Others | 16.2 | 14.7 | 20.3 | 27.3 | 19.0% |
Total | 58.7 | 50.4 | 76.3 | 98.4 | 18.8% |
Top Export Markets for Permanent Magnet from Italy in 2022:
- Turkey (2827.5 tons)
- Romania (1421.7 tons)
- Hungary (1118.0 tons)
- Poland (831.5 tons)
- Germany (752.7 tons)
- Russia (738.4 tons)
- Spain (530.3 tons)
- Mexico (483.9 tons)
- China (355.9 tons)
- Slovenia (309.4 tons)
- France (285.4 tons)
- South Africa (235.6 tons)
- Finland (221.3 tons)
This report provides an in-depth analysis of the permanent magnet market in Italy. 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)
- Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the permanent magnet market in Italy.
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This report provides an in-depth analysis of the global permanent magnet market.
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This report provides an in-depth analysis of the global non-metal permanent magnet market.
This report provides an in-depth analysis of the global metal permanent magnet market.
In March 2023, the permanent magnet price stood at $11,273 per ton (CIF, Italy), remaining relatively unchanged against the previous month.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Discover the leading countries in the global market for metal permanent magnets and their import values for 2023. Gain insights into key players and market trends in this industry.
In March 2023, the permanent magnet price stood at $11,273 per ton (CIF, Italy), remaining relatively unchanged against the previous month.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...