U.S. - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPermanent Magnet Price in the United States - 2023
Contents:
- Permanent Magnet Price in the United States (CIF) - 2023
- Permanent Magnet Price in the United States (FOB) - 2022
- Permanent Magnet Imports in the United States
- Permanent Magnet Exports in the United States
Permanent Magnet Price in the United States (CIF) - 2023
In September 2023, the average permanent magnet import price amounted to $15,498 per ton, which is down by -10.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 17% m-o-m. Over the period under review, average import prices reached the maximum at $21,909 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($35,711 per ton), while the price for Indonesia ($2,130 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Permanent Magnet Price in the United States (FOB) - 2022
The average permanent magnet export price stood at $167,195 per ton in 2022, with an increase of 43% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 98%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($355,202 per ton), while the average price for exports to Brazil ($56,201 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 the UK (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Permanent Magnet Imports in the United States
In 2022, approx. 45K tons of permanent magnets were imported into the United States; with an increase of 19% against 2021 figures. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, permanent magnet imports skyrocketed to $745M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Permanent Magnet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 324 | 261 | 409 | 574 | 21.0% |
| Japan | 45.6 | 29.6 | 37.1 | 39.8 | -4.4% |
| Germany | 23.2 | 16.6 | 20.1 | 21.3 | -2.8% |
| South Korea | 5.2 | 6.3 | 10.0 | 13.0 | 35.7% |
| Vietnam | 6.7 | 4.8 | 6.0 | 10.7 | 16.9% |
| Others | 73.4 | 65.0 | 86.6 | 86.2 | 5.5% |
| Total | 478 | 383 | 569 | 745 | 15.9% |
Top Suppliers of Permanent Magnet to the United States in 2022:
- China (36.7K tons)
- Japan (2.1K tons)
- Germany (1.5K tons)
- South Korea (1.3K tons)
- Vietnam (0.7K tons)
Permanent Magnet Exports in the United States
In 2022, approx. 1K tons of permanent magnets were exported from the United States; falling by -21.6% compared with 2021 figures. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 1% against the previous year.
In value terms, permanent magnet exports expanded remarkably to $174M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
| Export of Permanent Magnet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 92.1 | 62.4 | 73.7 | 80.1 | -4.5% |
| Canada | 32.6 | 26.1 | 31.4 | 37.4 | 4.7% |
| Germany | 4.8 | 4.9 | 5.1 | 6.5 | 10.6% |
| China | 3.2 | 2.5 | 3.8 | 4.7 | 13.7% |
| Japan | 3.0 | 3.5 | 3.8 | 4.3 | 12.7% |
| Singapore | 4.4 | 2.9 | 3.0 | 4.2 | -1.5% |
| Taiwan (Chinese) | 2.4 | 3.2 | 2.8 | 2.7 | 4.0% |
| Brazil | 1.3 | 1.5 | 1.6 | 1.2 | -2.6% |
| Others | 33.4 | 28.9 | 30.4 | 32.9 | -0.5% |
| Total | 177 | 136 | 156 | 174 | -0.6% |
Top Export Markets for Permanent Magnet from the United States in 2022:
- Mexico (467.4 tons)
- Canada (131.4 tons)
- Germany (71.5 tons)
- Singapore (56.5 tons)
- Japan (48.7 tons)
- China (46.4 tons)
- Taiwan (Chinese) (24.8 tons)
- Brazil (20.5 tons)
This report provides an in-depth analysis of the permanent magnet market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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In August 2022, the permanent magnet price per ton stood at $604, which is down by -15.6% against the previous month.
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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.
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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.
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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. ...
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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. ...
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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.
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In August 2022, the permanent magnet price per ton stood at $604, which is down by -15.6% against the previous month.
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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.
645
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.
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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. ...
