Elrond points out moon runes on the map, and the wood elves lure the dwarfs into the woods until they are lost and capture them by surprise, but neither of those are really magical. I would say the wood elves might have had elfin boots/cloaks. Am I forgetting something?
Stop quoting laws, we carry weapons! - Gnaeus Pompeius Magnus
Though not mentioned in the Hobbit, both Gandolf and Elrond wield Elvish rings of great power.
How would it play differently if it were the case? My last campaign was in 2019; Greyhawk, N1, T1, now heading to the Temple of Elemental Evil Author of, Dice or Die: Investigations into a Fantasy Campaign Miliu