In 2023, Germany led European imports of permanent magnets with 23.655 million kilograms, despite a slight 0.19% decline from the previous year. Italy and the Netherlands followed, with imports increasing by 1.33% and 3.69%, respectively. Poland showed the highest increase among large importers with a 4.33% growth, while France saw a marginal decline of 0.059%. Eastern European countries like Romania and Bulgaria exhibited notable growth rates of 5.95% and 8.34%, respectively. Spain and Slovakia registered the most significant declines at 3.14% and 4.97%. Cyprus and Estonia displayed significant growth, reporting 12.53% and 8.43% increases in imports.
Looking forward, the European market is expected to experience increased competition due to technological advancements and demand shifts. Growing applications in renewable energy and electric vehicles will likely drive the demand for advanced permanent magnets. Additionally, supply chain adaptations post-2023 may influence import patterns, prompting investments in sustainable sourcing and manufacturing capabilities across Europe.
Top countries in Import 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 Germany | 23,655,000 | 2023 | +6.24% | -0.19% | View data |
| 2 | 2 Italy | 14,782,000 | 2023 | +8.97% | +1.33% | View data |
| 3 | 3 Netherlands | 10,127,000 | 2023 | +12.8% | +3.69% | View data |
| 4 | 4 Poland | 8,744,700 | 2023 | +3.78% | +4.33% | View data |
| 5 | 5 France | 7,972,800 | 2023 | +7.2% | -0.059% | View data |
| 6 | 6 Hungary | 6,578,900 | 2023 | +2.6% | +2.72% | View data |
| 7 | 7 Spain | 4,234,000 | 2023 | +13.18% | -3.14% | View data |
| 8 | 8 United Kingdom | 4,162,200 | 2023 | +1.88% | +2.21% | View data |
| 9 | 9 Czechia | 3,964,400 | 2023 | |||
| 10 | 10 Belgium | 3,242,800 | 2023 | +3.96% | -1.08% | View data |
