In 2023, Belgium led European exports of permanent magnets and related articles, experiencing a significant 39.08% growth. Italy and Denmark also showed increases, whereas the Netherlands experienced a slight decline. Notably, the UK saw a steep 100% reduction in exports. Other countries such as Sweden, Slovenia, and Ireland demonstrated positive variations. However, Austria, Poland, and Cyprus witnessed declines. Over the past five years, value-wise, growth has been relatively stable, with some fluctuations influenced by the economic and geopolitical landscape.
Future trends to watch in 2024 include the impact of green technology adoption, which may increase demand for permanent magnets. Additionally, trade policies and sustainable manufacturing practices could influence export dynamics across Europe. It will be important to monitor innovations in materials and shifts in global market demand to anticipate changes in this sector.
Top countries in Export of Permanent Magnets and Articles Intended to Become Permanent Magnets Not of Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 10,213,000 | 2023 | +69.91% | +39.08% | View data |
| 2 | 2 Italy | 9,849,000 | 2023 | +0.38% | +1.16% | View data |
| 3 | 3 Netherlands | 7,551,100 | 2023 | +10.94% | -0.33% | View data |
| 4 | 4 Denmark | 6,218,900 | 2023 | +73.55% | +33.29% | View data |
| 5 | 5 Czechia | 5,449,300 | 2023 | |||
| 6 | 6 Spain | 4,989,500 | 2023 | +24.29% | +37.92% | View data |
| 7 | 7 Germany | 3,931,000 | 2023 | -24.9% | View data | |
| 8 | 8 France | 3,884,800 | 2023 | +2.04% | -1.58% | View data |
| 9 | 9 United Kingdom | 2,597,000 | 2023 | +53.95% | View data | |
| 10 | 10 Austria | 1,003,700 | 2023 | +8.52% | -7.81% | View data |
