![Thailand - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/thailand-permanent-magnets-market-analysis-forecast-size-trends-and-insights.webp)
Thailand - Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingThailand's Import of Magnets Hits Low at $17M in November 2023
Thailand Permanent Magnet Imports
In November 2023, the amount of permanent magnets imported into Thailand fell modestly to 977 tons, almost unchanged from the previous month. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in March 2023 when imports increased by 36% month-to-month.
In value terms, permanent magnet imports dropped slightly to $17M (IndexBox estimates) in November 2023. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in January 2023 when imports increased by 74% m-o-m.
COUNTRY | Import Value of Permanent Magnet in Thailand (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
China | 15.3 | 11.3 | 17.8 | 11.9 | 17.2 | 14.7 | 10.9 | 14.4 | 14.3 | 11.2 | 10.4 | 9.6 | 9.1 |
Malaysia | 2.7 | 1.6 | 2.5 | 2.6 | 2.6 | 2.6 | 2.6 | 2.4 | 2.9 | 2.8 | 2.7 | 2.6 | 2.6 |
Japan | 3.7 | 2.4 | 8.1 | 7.2 | 7.0 | 2.2 | 3.1 | 3.7 | 2.9 | 2.7 | 2.4 | 2.5 | 2.4 |
Indonesia | 0.7 | 0.6 | 0.8 | 0.6 | 0.4 | 0.5 | 0.2 | 0.5 | 0.4 | 0.7 | 0.5 | 0.8 | 0.6 |
Others | 3.1 | 2.7 | 3.0 | 3.6 | 5.2 | 3.5 | 4.0 | 3.6 | 2.6 | 2.9 | 2.1 | 2.0 | 2.3 |
Total | 25.5 | 18.4 | 32.1 | 25.8 | 32.5 | 23.5 | 20.8 | 24.6 | 23.0 | 20.2 | 18.1 | 17.5 | 17.0 |
Imports by Country
In November 2023, China (685 tons) constituted the largest supplier of permanent magnet to Thailand, with a 70% share of total imports. Moreover, permanent magnet imports from China exceeded the figures recorded by the second-largest supplier, Japan (113 tons), sixfold. Indonesia (65 tons) ranked third in terms of total imports with a 6.6% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+0.4% per month) and Indonesia (-1.2% per month).
In value terms, China ($9.1M) constituted the largest supplier of permanent magnet to Thailand, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($2.6M), with a 15% share of total imports. It was followed by Japan, with a 14% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value from China totaled -4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Malaysia (-0.4% per month) and Japan (-3.4% per month).
Imports by Type
Non-metal permanent magnets (565 tons) and metal permanent magnets (412 tons) were the main products of permanent magnet imports to Thailand.
From November 2022 to November 2023, the biggest increases were in non-metal permanent magnet (with a CAGR of -1.4%).
In value terms, non-metal permanent magnets ($8.8M) and metal permanent magnets ($8.2M) constituted the most imported types of permanent magnets in Thailand.
Import Prices by Country
In November 2023, the permanent magnet price amounted to $17,444 per ton (CIF, Thailand), declining by -1.7% against the previous month. In general, the import price recorded a slight decline. The pace of growth was the most pronounced in January 2023 when the average import price increased by 33% month-to-month. Over the period under review, average import prices reached the maximum at $26,827 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($48,733 per ton), while the price for Indonesia ($10,013 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.5%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the permanent magnet market in Thailand. 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)
- Prodcom 25992995 - Permanent magnets and articles intended to become permanent magnets, of metal
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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