In 2023, Poland led European exports of permanent magnets with a notable increase of 15.99%. Germany, in second place, experienced a decline of 12.74%, while the Netherlands showed stability with a marginal increase. Among smaller exporters, Portugal and Cyprus showcased significant growth rates of 32.76% and 91.53% respectively, reflecting dynamic developments in these markets. Conversely, France faced a substantial decline, impacting its position in the market. Over the past five years, variations in countries' performance underline the importance of continuous adaptation to market changes.
Future trends suggest potential growth in renewable energy and electric vehicles, which could drive a higher demand for permanent magnets. Countries with robust technological infrastructure like Poland and Germany might leverage this demand for enhanced export opportunities. Monitoring technological advancements and supply chain resilience will be critical for market participants. Additionally, geopolitical developments and environmental regulations could influence export dynamics across Europe significantly.
Top countries in Export 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 Poland | 9,163,200 | 2023 | +7.09% | +15.99% | View data |
| 2 | 2 Germany | 4,943,600 | 2023 | -1.33% | -12.74% | View data |
| 3 | 3 Netherlands | 3,038,600 | 2023 | +1.46% | +0.075% | View data |
| 4 | 4 Denmark | 1,725,000 | 2023 | +68.73% | +2.83% | View data |
| 5 | 5 France | 1,066,800 | 2023 | -0.99% | View data | |
| 6 | 6 Italy | 983,580 | 2023 | +12.74% | +8.86% | View data |
| 7 | 7 Czechia | 617,220 | 2023 | |||
| 8 | 8 Austria | 560,800 | 2023 | +3.1% | +20.2% | View data |
| 9 | 9 Belgium | 412,090 | 2023 | +5.79% | +5.41% | View data |
| 10 | 10 Hungary | 395,920 | 2023 | +5% | +16.54% | View data |
