| Product Code: ETC6162823 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Armenia magnet market experienced significant growth in imports from 2020 to 2024. The Compound Annual Growth Rate (CAGR) for this period was 64.13%. Particularly noteworthy was the year-on-year growth rate of 165.97% in 20232024, indicating a substantial increase in import volumes during that specific period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Magnet Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Magnet Market - Industry Life Cycle |
3.4 Armenia Magnet Market - Porter's Five Forces |
3.5 Armenia Magnet Market Revenues & Volume Share, By Magnet Type, 2022 & 2032F |
3.6 Armenia Magnet Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Armenia Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for renewable energy sources, leading to increased usage of magnets in wind turbines and electric vehicles. |
4.2.2 Technological advancements in the electronics and automotive industries, driving the adoption of magnets for various applications. |
4.2.3 Government initiatives and subsidies promoting the use of clean energy technologies, boosting the demand for magnets in Armenia. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production cost of magnets. |
4.3.2 Intense competition from other countries offering similar magnet products at lower prices. |
4.3.3 Environmental regulations and compliance requirements affecting the manufacturing processes of magnets in Armenia. |
5 Armenia Magnet Market Trends |
6 Armenia Magnet Market, By Types |
6.1 Armenia Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Magnet Market Revenues & Volume, By Magnet Type, 2022-2032F |
6.1.3 Armenia Magnet Market Revenues & Volume, By Ferrite, 2022-2032F |
6.1.4 Armenia Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2022-2032F |
6.1.5 Armenia Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2022-2032F |
6.1.6 Armenia Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2022-2032F |
6.2 Armenia Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2022-2032F |
6.2.3 Armenia Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2022-2032F |
6.2.4 Armenia Magnet Market Revenues & Volume, By Electric Bicycles, 2022-2032F |
6.2.5 Armenia Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2022-2032F |
6.2.6 Armenia Magnet Market Revenues & Volume, By Wind Turbines, 2022-2032F |
7 Armenia Magnet Market Import-Export Trade Statistics |
7.1 Armenia Magnet Market Export to Major Countries |
7.2 Armenia Magnet Market Imports from Major Countries |
8 Armenia Magnet Market Key Performance Indicators |
8.1 Percentage increase in the adoption of renewable energy sources in Armenia. |
8.2 Research and development expenditure dedicated to improving magnet technologies and applications. |
8.3 Number of partnerships and collaborations with key industries to expand the market presence of Armenia in the magnet industry. |
9 Armenia Magnet Market - Opportunity Assessment |
9.1 Armenia Magnet Market Opportunity Assessment, By Magnet Type, 2022 & 2032F |
9.2 Armenia Magnet Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Armenia Magnet Market - Competitive Landscape |
10.1 Armenia Magnet Market Revenue Share, By Companies, 2025 |
10.2 Armenia Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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