As of 2023, China is the dominant player in the global export of metal permanent magnets, with a commanding share of 73.93% by weight, followed by Malaysia and Japan with 13.07% and 7.32% respectively. Notably, Denmark exhibited a dramatic increase of 99.63% year-on-year, while Malaysia and China experienced modest growth. There has been a substantial increase in exports from countries like Azerbaijan and Palestine. Conversely, countries such as Indonesia, Mexico, and Singapore saw a decline in their shares.
Looking ahead, with evolving technology and demand patterns, there may be shifts in market dynamics. Watch for China’s continued dominance, emerging technological advancements influencing market shares, and potential growth in countries investing in manufacturing capabilities. Small countries with rapid percentage growth, albeit from a low base, could also start gaining market significance.
Top countries in Export of Metal Permanent Magnets, Articles Intended as Magnets Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 73.93 | 2023 | +1.72% | +1.43% | View data |
| 2 | 2 Malaysia | 13.07 | 2023 | +6.26% | +0.69% | View data |
| 3 | 3 Japan | 7.32 | 2023 | +0.062% | -1.48% | View data |
| 4 | 4 Poland | 5.68 | 2023 | +7.1% | +16.48% | View data |
| 5 | 5 Germany | 3.35 | 2023 | +3.2% | +3.02% | View data |
| 6 | 6 India | 2.41 | 2023 | +1.48% | +0.11% | View data |
| 7 | 7 Netherlands | 1.91 | 2023 | +0.84% | +1.27% | View data |
| 8 | 8 United Kingdom | 1.69 | 2023 | +1.54% | +0.92% | View data |
| 9 | 9 Denmark | 1.3 | 2023 | +7% | +99.63% | View data |
| 10 | 10 Indonesia | 1.11 | 2023 | -6.54% | -7.05% | View data |
