In 2023, the European import of permanent magnets, expressed in million kilograms, saw a notable increase in the United Kingdom at 63.95%, indicating a significant demand shift or supply chain improvement. Germany and the Netherlands reflect modest growth, while Finland and Lithuania experienced robust growth at 17.45% and 20.92% respectively. Conversely, Ireland and Belgium faced declines, with Ireland at a notable -7.23%. Over the last five years, countries like Lithuania have shown a strong CAGR, suggesting a dynamic market environment for these materials.
Future trends to watch include the increasing demand driven by green technologies, particularly in the automotive and renewable energy sectors. Investments in localized supply chains across Europe might also influence import dynamics, potentially reducing dependency on non-European suppliers and impacting the import landscape further.
Top countries in Import of Permanent Magnets and Articles Intended to Become Permanent Magnets of Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 76,001,000 | 2023 | +6.78% | +63.95% | View data |
| 2 | 2 Germany | 13,536,000 | 2023 | +3.64% | +3.23% | View data |
| 3 | 3 Italy | 5,850,100 | 2023 | +10.33% | +6.34% | View data |
| 4 | 4 Netherlands | 4,160,400 | 2023 | +2.22% | +3.66% | View data |
| 5 | 5 France | 3,931,700 | 2023 | +9.35% | +1.97% | View data |
| 6 | 6 Denmark | 3,123,000 | 2023 | +11.75% | +14.8% | View data |
| 7 | 7 Poland | 2,873,300 | 2023 | +3.17% | +3.1% | View data |
| 8 | 8 Hungary | 2,112,900 | 2023 | +4.03% | +1.56% | View data |
| 9 | 9 Spain | 2,092,500 | 2023 | +4.32% | +5.6% | View data |
| 10 | 10 Czechia | 1,837,700 | 2023 |
