Thailand - Permanent Magnets Of Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Permanent Magnet Price in Thailand - 2023
Contents:
- Metal Permanent Magnet Price in Thailand (CIF) - 2023
- Metal Permanent Magnet Price in Thailand (FOB) - 2023
- Metal Permanent Magnet Imports in Thailand
- Metal Permanent Magnet Exports in Thailand
Metal Permanent Magnet Price in Thailand (CIF) - 2023
The average metal permanent magnet import price stood at $19,169 per ton in September 2023, surging by 6.2% against the previous month. Overall, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in January 2023 an increase of 82% month-to-month. The import price peaked at $42,377 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($92,668 per ton), while the price for Taiwan (Chinese) ($2,716 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Permanent Magnet Price in Thailand (FOB) - 2023
In September 2023, the average metal permanent magnet export price amounted to $31,418 per ton, declining by -23% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. The export price peaked at $49,290 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($70,053 per ton), while the average price for exports to Cambodia ($6,599 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Permanent Magnet Imports in Thailand
After three years of growth, overseas purchases of metal permanent magnets decreased by -14.7% to 7.5K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year.
In value terms, metal permanent magnet imports totaled $242M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Metal Permanent Magnet in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 46.6 | 69.5 | 98.5 | 137 | 43.3% |
Japan | 39.6 | 51.4 | 65.0 | 56.0 | 12.2% |
Malaysia | 12.8 | 17.6 | 25.4 | 28.9 | 31.2% |
Vietnam | 0.1 | 1.4 | 10.1 | 13.6 | 414.3% |
Indonesia | 3.8 | 4.4 | 6.0 | 2.5 | -13.0% |
Taiwan (Chinese) | 0.6 | 0.8 | 1.4 | 1.1 | 22.4% |
South Korea | 0.3 | 0.4 | 1.2 | 0.8 | 38.7% |
Others | 1.3 | 1.9 | 4.8 | 2.3 | 20.9% |
Total | 105 | 147 | 212 | 242 | 32.1% |
Top Suppliers of Metal Permanent Magnet to Thailand in 2022:
- China (5036.2 tons)
- Japan (1177.4 tons)
- Malaysia (458.2 tons)
- Indonesia (292.7 tons)
- Taiwan (Chinese) (225.3 tons)
- South Korea (169.5 tons)
- Vietnam (130.2 tons)
Metal Permanent Magnet Exports in Thailand
In 2022, after three years of growth, there was significant decline in shipments abroad of metal permanent magnets, when their volume decreased by -37.9% to 1.3K tons. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 104%.
In value terms, metal permanent magnet exports declined to $67M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year.
Export of Metal Permanent Magnet in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 8.3 | 4.1 | 14.9 | 28.3 | 50.5% |
China | 11.6 | 20.2 | 25.7 | 17.8 | 15.3% |
Malaysia | 7.2 | 5.5 | 7.0 | 8.4 | 5.3% |
Philippines | 0.6 | 1.1 | 2.9 | 5.3 | 106.7% |
Cambodia | 4.0 | 8.4 | 8.5 | 3.4 | -5.3% |
Vietnam | 1.4 | 0.6 | 0.9 | 0.8 | -17.0% |
Others | 2.2 | 18.8 | 12.8 | 3.2 | 13.3% |
Total | 35.3 | 58.8 | 72.7 | 67.2 | 23.9% |
Top Export Markets for Metal Permanent Magnet from Thailand in 2022:
- China (426.4 tons)
- Japan (380.1 tons)
- Cambodia (248.1 tons)
- Philippines (104.3 tons)
- Malaysia (64.9 tons)
- Vietnam (49.4 tons)
This report provides an in-depth analysis of the metal 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 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.
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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 Thailand.
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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.
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The highest growth rate was observed in March 2023 with a 36% month-to-month increase in Permanent Magnet imports. The value of permanent magnet imports slightly decreased to $17M in November 2023.
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. ...
The highest growth rate was observed in March 2023 with a 36% month-to-month increase in Permanent Magnet imports. The value of permanent magnet imports slightly decreased to $17M in November 2023.
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.