Permanent Magnet Market - Germany Ranks First in EU Permanent Magnet Production and Trade

Porcelain And Ceramic Products February 03, 2016
Author: Svetlana Sitkova
Head of Industrial Research Department

 

permanent magnet market

From 2007 to 2014, EU production on the permanent magnet market showed mixed dynamics, eventually falling from 20.4 thousand tonnes in 2007 to 18.2 thousand tonnes in 2014. It dropped with a CAGR of -1.6% over the period under review. In value terms, EU magnet production was 344 million EUR in 2014.

Germany was the largest producer of permanent magnets in absolute volumes, with 9,760 tonnes. It was distantly followed by the Czech Republic (171 tonnes), Denmark (158 tonnes) and Finland (133 tonnes).

Positive dynamics in permanent magnet production among the main producing countries from 2007 to 2014 were recorded in Germany (+6.8% per year), while for Denmark and Finland the paces of growth were negative.

Germany dominated in EU permanent magnet production and trade. In 2014, it exported the lion's share of its total magnet output. Of this amount, 10% was supplied to the Czech Republic, where Germany's permanent magnets held a 20% share of the country's total imports.

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Source: EU: Permanent Magnets - Market Report. Analysis And Forecast To 2020