In 2023, Poland was the leading European exporter of permanent magnets, contributing 39.92% in terms of volume. Germany and the Netherlands followed, with significant shares of 21.54% and 13.24%, respectively. Over 2022-2023, Poland exhibited a strong growth of 15.99%, while Germany saw a decline of 12.74%. Notable increases were also observed in Italy (8.86%) and Hungary (16.54%). Conversely, France's exports plummeted by 100%. Ireland exhibited the highest growth rate of 40.99%, while Cyprus also achieved a substantial increase of 91.53%.
Future trends to watch include Poland's continued dominance and potential market expansion into Eastern Europe driven by technological advancements and renewable energy growth. The market may experience volatility from geopolitical tensions and supply chain disruptions, impacting Germany's future performance. Continued innovations in magnet applications could drive demand and influence future market dynamics across Europe.
Top countries in Export of Permanent Magnets and Articles Intended to Become Permanent Magnets of Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 39.92 | 2023 | +7.09% | +15.99% | View data |
| 2 | 2 Germany | 21.54 | 2023 | -1.33% | -12.74% | View data |
| 3 | 3 Netherlands | 13.24 | 2023 | +1.46% | +0.075% | View data |
| 4 | 4 Denmark | 7.51 | 2023 | +68.73% | +2.83% | View data |
| 5 | 5 France | 4.65 | 2023 | -0.99% | View data | |
| 6 | 6 Italy | 4.28 | 2023 | +12.74% | +8.86% | View data |
| 7 | 7 Czechia | 2.69 | 2023 | |||
| 8 | 8 Austria | 2.44 | 2023 | +3.1% | +20.2% | View data |
| 9 | 9 Belgium | 1.8 | 2023 | +5.79% | +5.41% | View data |
| 10 | 10 Hungary | 1.72 | 2023 | +5% | +16.54% | View data |
