In 2023, China dominated the global export of metal permanent magnets with significant lead, followed by Malaysia and Japan. Exceptions in growth trends included Poland with an increase of 16.48%, Denmark with 99.63%, and Azerbaijan registering an explosive 665.01% year-on-year growth. Declines were noted in Japan and Indonesia among others.
Future Trends to Watch:
- Rising focus on renewable energy and electric vehicles could drive further demand for metal permanent magnets.
- Technological advancements might enhance production efficiency and lead to shifts in global trade dynamics.
- Potential supply chain realignments due to geopolitical shifts may impact export volumes and trends.
Top countries in Export of Metal Permanent Magnets, Articles Intended as Magnets by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 118,830,000 | 2023 | +1.72% | +1.43% | View data |
| 2 | 2 Malaysia | 21,006,000 | 2023 | +6.26% | +0.69% | View data |
| 3 | 3 Japan | 11,772,000 | 2023 | +0.062% | -1.48% | View data |
| 4 | 4 Poland | 9,135,300 | 2023 | +7.1% | +16.48% | View data |
| 5 | 5 Germany | 5,387,600 | 2023 | +3.2% | +3.02% | View data |
| 6 | 6 India | 3,869,200 | 2023 | +1.48% | +0.11% | View data |
| 7 | 7 Netherlands | 3,063,700 | 2023 | +0.84% | +1.27% | View data |
| 8 | 8 United Kingdom | 2,710,200 | 2023 | +1.54% | +0.92% | View data |
| 9 | 9 Denmark | 2,097,400 | 2023 | +7% | +99.63% | View data |
| 10 | 10 Indonesia | 1,789,500 | 2023 | -6.54% | -7.05% | View data |
