Report Update: Apr 20, 2024

Angola - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights

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Non-Metal Permanent Magnet Price in Angola - 2022

Non-Metal Permanent Magnet Price in Angola (CIF) - 2022

The average non-metal permanent magnet import price stood at $8,115 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $11,492 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($20,053 per ton), while the price for Switzerland ($854 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Metal Permanent Magnet Price in Angola (FOB) - 2022

In 2022, the average non-metal permanent magnet export price amounted to $2,865 per ton, which is down by -47.3% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2019 an increase of 103% against the previous year. Over the period under review, the average export prices attained the maximum at $15,789 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($41,571 per ton), while the average price for exports to South Africa ($336 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 Norway (+29.5%), while the prices for the other major destinations experienced a decline.

Non-Metal Permanent Magnet Imports in Angola

In 2022, supplies from abroad of non-metal permanent magnets decreased by -2.6% to 14 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 1.9%. As a result, imports attained the peak of 29 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-metal permanent magnet imports fell to $113K in 2022. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 8.5% against the previous year. As a result, imports reached the peak of $230K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Non-Metal Permanent Magnet in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	21.5	5.1	3.9	58.9	39.9%
Portugal	20.3	11.7	8.2	28.1	11.4%
China	37.9	11.2	7.0	7.7	-41.2%
Spain	0.9	0.7	0.1	4.5	71.0%
India	86.6	63.3	1.4	2.2	-70.6%
France	1.7	55.7	58.3	0.9	-19.1%
United Kingdom	19.9	31.9	2.0	0.3	-75.3%
Switzerland	N/A	N/A	N/A	0.2	0%
Israel	3.5	6.0	3.9	N/A	5.6%
Others	19.3	43.9	31.4	10.8	-17.6%
Total	212	230	116	113	-18.9%

Top Suppliers of Non-Metal Permanent Magnet to Angola in 2022:

United Kingdom (undefined tons)
Portugal (5.8 tons)
South Africa (3.1 tons)
China (2.8 tons)
India (0.8 tons)
Switzerland (0.2 tons)
Spain (0.2 tons)
France (0.1 tons)

Non-Metal Permanent Magnet Exports in Angola

In 2022, approx. 421 kg of non-metal permanent magnets were exported from Angola; growing by 85% against the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-metal permanent magnet exports shrank to $1.2K in 2022. Over the period under review, exports, however, showed a mild contraction. The smallest decline of -1% was in 2020.

Export of Non-Metal Permanent Magnet in Angola (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	N/A	N/A	N/A	635	0%
Norway	N/A	N/A	N/A	291	0%
Portugal	6.0	25.0	1.0	154	195.0%
South Africa	N/A	N/A	N/A	126	0%
United Arab Emirates	N/A	N/A	583	N/A	0%
Namibia	165	966	9.0	N/A	-76.6%
United Kingdom	N/A	N/A	640	N/A	0%
Denmark	603	N/A	N/A	N/A	0%
Pakistan	485	N/A	N/A	N/A	0%
Others	N/A	256	N/A	N/A	0%
Total	1,259	1,247	1,233	1,206	-1.4%

Top Export Markets for Non-Metal Permanent Magnet from Angola in 2022:

South Africa (375.0 kg)
Malaysia (22.0 kg)
Portugal (17.0 kg)
Norway (7.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-metal permanent magnet market in Angola. 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 23441230 - Permanent magnets and articles intended to become permanent magnets (excluding of metal)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023