Benelux: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Benelux

The Benelux metal permanent magnet market fell to $X in 2023, approximately reflecting the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Metal Permanent Magnet Production in Benelux

In value terms, metal permanent magnet production expanded markedly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Metal Permanent Magnet Exports

Exports in Benelux

In 2023, exports of metal permanent magnets in Benelux amounted to X tons, surging by X% compared with the year before. In general, exports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, metal permanent magnet exports fell markedly to $X in 2023. Overall, exports, however, showed a slight contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2023, the Netherlands (X tons) was the largest exporter of metal permanent magnets, comprising X% of total exports. It was distantly followed by Belgium (X tons), constituting a X% share of total exports.

Exports from the Netherlands decreased at an average annual rate of X% from 2012 to 2023. Belgium experienced a relatively flat trend pattern. From 2012 to 2023, the share of Belgium increased by X percentage points.

In value terms, the Netherlands ($X) remains the largest metal permanent magnet supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

In the Netherlands, metal permanent magnet exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Metal Permanent Magnet Imports

Imports in Benelux

Metal permanent magnet imports rose rapidly to X tons in 2023, growing by X% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, metal permanent magnet imports shrank remarkably to $X in 2023. Over the period under review, imports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

The Netherlands represented the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Belgium (X tons), constituting a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal permanent magnet imports into the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Belgium increased by X percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported metal permanent magnets in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform