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Singapore - Non-metal Permanent Magnets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNon-Metal Permanent Magnet Price in Singapore - 2022
Contents:
- Non-Metal Permanent Magnet Price in Singapore (CIF) - 2022
- Non-Metal Permanent Magnet Price in Singapore (FOB) - 2022
- Non-Metal Permanent Magnet Imports in Singapore
- Non-Metal Permanent Magnet Exports in Singapore
Non-Metal Permanent Magnet Price in Singapore (CIF) - 2022
In 2022, the average non-metal permanent magnet import price amounted to $8,949 per ton, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. The import price peaked at $9,363 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($8,944 per ton) and China ($8,944 per ton), while the price for the United States ($8,925 per ton) and Japan ($8,937 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.1%), while the prices for the other major suppliers experienced a decline.
Non-Metal Permanent Magnet Price in Singapore (FOB) - 2022
In 2022, the average non-metal permanent magnet export price amounted to $22,454 per ton, surging by 5.4% against the previous year. Over the period under review, the export price saw a temperate increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 509%. The export price peaked at $28,869 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($29,301 per ton) and the Philippines ($22,307 per ton), while the average price for exports to China ($22,105 per ton) and Thailand ($22,108 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Metal Permanent Magnet Imports in Singapore
In 2022, the amount of non-metal permanent magnets imported into Singapore soared to 5.3K tons, increasing by 24% against the previous year. The total import volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-metal permanent magnet imports soared to $47M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +53.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Non-Metal Permanent Magnet in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.0 | 11.4 | 15.2 | 19.7 | 18.0% |
United Kingdom | 5.8 | 7.6 | 10.4 | 17.3 | 43.9% |
Thailand | 4.4 | 4.9 | 5.8 | 6.1 | 11.5% |
Japan | 0.6 | 0.7 | 0.8 | 1.9 | 46.8% |
Indonesia | 2.8 | 2.4 | 2.4 | 0.6 | -40.2% |
Malaysia | 4.9 | 2.4 | 2.2 | 0.2 | -65.6% |
Others | 1.3 | 1.5 | 1.0 | 1.5 | 4.9% |
Total | 31.7 | 30.9 | 37.9 | 47.4 | 14.4% |
Top Suppliers of Non-Metal Permanent Magnet to Singapore in 2022:
- China (2200.7 tons)
- United Kingdom (1939.0 tons)
- Thailand (677.7 tons)
- Japan (214.4 tons)
- Indonesia (71.1 tons)
- Malaysia (26.9 tons)
Non-Metal Permanent Magnet Exports in Singapore
In 2022, approx. 588 tons of non-metal permanent magnets were exported from Singapore; rising by 33% against the year before. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, non-metal permanent magnet exports soared to $13M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Non-Metal Permanent Magnet in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 5.5 | 3.7 | 4.2 | 5.9 | 2.4% |
Philippines | N/A | 1.8 | 3.0 | 3.3 | 35.4% |
Thailand | 0.1 | 0.2 | 0.4 | 2.3 | 184.4% |
India | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
Indonesia | 0.6 | 0.3 | 0.7 | 0.4 | -12.6% |
Others | 0.7 | 0.6 | 0.8 | 0.9 | 8.7% |
Total | 6.9 | 6.7 | 9.4 | 13.2 | 24.1% |
Top Export Markets for Non-Metal Permanent Magnet from Singapore in 2022:
- Malaysia (264.9 tons)
- Philippines (145.9 tons)
- Thailand (104.8 tons)
- India (23.3 tons)
- Indonesia (14.2 tons)
This report provides an in-depth analysis of the non-metal permanent magnet market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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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. ...
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.