The European export of permanent magnets and related non-metal articles is led by Belgium (17.54%), Italy (16.92%), and the Netherlands (12.97%) as top contributors by weight in 2024. Belgium and Denmark have experienced significant year-on-year growth with increases of 39.08% and 33.29% respectively. In contrast, the United Kingdom experienced a sharp decrease of 100%. Other countries like France and the Netherlands faced minor declines.
Future trends to watch include increased market dynamics due to regulatory and environmental pushing for sustainable materials. The evolving technology in sectors like automotive and energy could drive demand variations among countries. Attention should be directed towards macroeconomic shifts affecting raw material supplies and geopolitical changes impacting trade policies.
Top countries in Export of Permanent Magnets and Articles Intended to Become Permanent Magnets Not of Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 17.54 | 2023 | +69.91% | +39.08% | View data |
| 2 | 2 Italy | 16.92 | 2023 | +0.38% | +1.16% | View data |
| 3 | 3 Netherlands | 12.97 | 2023 | +10.94% | -0.33% | View data |
| 4 | 4 Denmark | 10.68 | 2023 | +73.55% | +33.29% | View data |
| 5 | 5 Czechia | 9.36 | 2023 | |||
| 6 | 6 Spain | 8.57 | 2023 | +24.29% | +37.92% | View data |
| 7 | 7 Germany | 6.75 | 2023 | -24.9% | View data | |
| 8 | 8 France | 6.67 | 2023 | +2.04% | -1.58% | View data |
| 9 | 9 United Kingdom | 4.46 | 2023 | +53.95% | View data | |
| 10 | 10 Austria | 1.72 | 2023 | +8.52% | -7.81% | View data |
