South Africa - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Permanent Magnet Price in South Africa - 2023
Contents:
- Metal Permanent Magnet Price in South Africa (CIF) - 2022
- Metal Permanent Magnet Price in South Africa (FOB) - 2022
- Metal Permanent Magnet Imports in South Africa
- Metal Permanent Magnet Exports in South Africa
Metal Permanent Magnet Price in South Africa (CIF) - 2022
The average metal permanent magnet import price stood at $7,652 per ton in 2022, waning by -5.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 44%. The import price peaked at $11,980 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.5% per year.
Metal Permanent Magnet Price in South Africa (FOB) - 2022
The average metal permanent magnet export price stood at $13,303 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, the export price showed tangible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 119%. As a result, the export price reached the peak level of $21,967 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($28,557 per ton), while the average price for exports to Swaziland ($2,007 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Permanent Magnet Imports in South Africa
Metal permanent magnet imports into South Africa skyrocketed to 411 tons in 2022, picking up by 49% on the previous year's figure. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal permanent magnet imports surged to $3.1M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Metal Permanent Magnet in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,295 | 1,865 | 1,426 | 2,594 | 26.1% |
Germany | 237 | 107 | 115 | 125 | -19.2% |
India | 58.2 | 52.3 | 175 | 46.3 | -7.3% |
Others | 485 | 319 | 515 | 380 | -7.8% |
Total | 2,074 | 2,343 | 2,231 | 3,145 | 14.9% |
Top Suppliers of Metal Permanent Magnet to South Africa in 2022:
- China (390.3 tons)
- India (5.0 tons)
- Germany (4.0 tons)
Metal Permanent Magnet Exports in South Africa
In 2022, metal permanent magnet exports from South Africa dropped significantly to 74 tons, which is down by -25.3% compared with the previous year. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, metal permanent magnet exports contracted to $985K in 2022. The total export value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year.
Export of Metal Permanent Magnet in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Democratic Republic of the Congo | 32.5 | 20.0 | 0.7 | 165 | 71.9% |
Mauritania | N/A | 103 | 24.7 | 148 | 19.9% |
China | N/A | N/A | 1.0 | 107 | 10600.0% |
Mozambique | 108 | 504 | 11.5 | 80.1 | -9.5% |
Zimbabwe | 32.3 | 82.2 | 151 | 74.2 | 31.9% |
Australia | 1.3 | 3.3 | 295 | 68.3 | 274.5% |
Namibia | 59.7 | 21.4 | 39.6 | 44.4 | -9.4% |
Guinea | N/A | 3.9 | 2.4 | 41.2 | 225.0% |
United Kingdom | 68.4 | 38.9 | 2.1 | 27.3 | -26.4% |
Botswana | 23.6 | 10.7 | 14.3 | 20.2 | -5.1% |
Zambia | 38.4 | 31.1 | 68.5 | 18.6 | -21.5% |
Swaziland | 15.0 | 4.7 | 2.5 | 7.6 | -20.3% |
Latvia | 172 | 115 | 223 | N/A | 13.9% |
Others | 197 | 131 | 248 | 183 | -2.4% |
Total | 748 | 1,070 | 1,084 | 985 | 9.6% |
Top Export Markets for Metal Permanent Magnet from South Africa in 2022:
- Mauritania (14.1 tons)
- Democratic Republic of the Congo (12.7 tons)
- Mozambique (7.9 tons)
- Guinea (6.8 tons)
- China (6.6 tons)
- Zimbabwe (6.6 tons)
- Swaziland (3.8 tons)
- Australia (2.4 tons)
- Zambia (2.3 tons)
- Namibia (2.1 tons)
- Botswana (1.6 tons)
- United Kingdom (1.4 tons)
This report provides an in-depth analysis of the metal permanent magnet market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the metal permanent magnet market in South Africa.
This report provides an in-depth analysis of the permanent magnet market in South Africa.
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This report provides an in-depth analysis of the global metal permanent magnet market.
This report provides an in-depth analysis of the global permanent magnet market.
This report provides an in-depth analysis of the global electro-magnetic coupling market.
This report provides an in-depth analysis of the global electromagnetic lifting head market.
This report provides an in-depth analysis of the global non-metal permanent magnet market.
Discover the leading countries in the global market for metal permanent magnets and their import values for 2023. Gain insights into key players and market trends in this industry.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Discover the leading countries in the global market for metal permanent magnets and their import values for 2023. Gain insights into key players and market trends in this industry.
Explore the top 10 import markets for permanent magnets, including key statistics and insights. Find out which countries dominate the global import market for these essential materials.
With the development of the electric car and electronic technology industry, the demand for permanent magnets is showing significant growth. China, thanks to government subsidies, continues to maintain low market prices for permanent magnets and dominate the export market.
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...
Global permanent magnet imports totaled X tons in 2016, remaining stable against the previous year figure. Overall, permanent magnet imports continue to indicate a relatively flat trend pattern. ...