| Product Code: ETC5828445 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Benin permanent magnets market experienced a negative Compound Annual Growth Rate (CAGR) of -22.92% from 2020 to 2024. However, there was a notable year-on-year growth rate of 50.00% in 2023-2024, indicating a temporary increase in imports during that 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 Benin Permanent Magnets Market Overview |
3.1 Benin Country Macro Economic Indicators |
3.2 Benin Permanent Magnets Market Revenues & Volume, 2022 & 2032F |
3.3 Benin Permanent Magnets Market - Industry Life Cycle |
3.4 Benin Permanent Magnets Market - Porter's Five Forces |
3.5 Benin Permanent Magnets Market Revenues & Volume Share, By Material, 2022 & 2032F |
3.6 Benin Permanent Magnets Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Benin Permanent Magnets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for permanent magnets in industries like automotive, electronics, and healthcare |
4.2.2 Technological advancements leading to improved performance and efficiency of permanent magnets |
4.2.3 Growing focus on renewable energy sources like wind turbines and electric vehicles, which use permanent magnets |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in manufacturing permanent magnets |
4.3.2 Intense competition from substitute materials in certain applications |
4.3.3 Stringent regulations related to the mining and processing of rare earth elements, which are essential for permanent magnets |
5 Benin Permanent Magnets Market Trends |
6 Benin Permanent Magnets Market Segmentations |
6.1 Benin Permanent Magnets Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Benin Permanent Magnets Market Revenues & Volume, By Ferrite, 2022-2032F |
6.1.3 Benin Permanent Magnets Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2022-2032F |
6.1.4 Benin Permanent Magnets Market Revenues & Volume, By Aluminum Nickel Cobalt (Alnico), 2022-2032F |
6.1.5 Benin Permanent Magnets Market Revenues & Volume, By Samarium Cobalt (SmCo), 2022-2032F |
6.2 Benin Permanent Magnets Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Benin Permanent Magnets Market Revenues & Volume, By Automotive, 2022-2032F |
6.2.3 Benin Permanent Magnets Market Revenues & Volume, By Consumer Goods & Electronics, 2022-2032F |
6.2.4 Benin Permanent Magnets Market Revenues & Volume, By Industrial, 2022-2032F |
6.2.5 Benin Permanent Magnets Market Revenues & Volume, By Aerospace & Defense, 2022-2032F |
6.2.6 Benin Permanent Magnets Market Revenues & Volume, By Energy, 2022-2032F |
6.2.7 Benin Permanent Magnets Market Revenues & Volume, By Medical, 2022-2032F |
7 Benin Permanent Magnets Market Import-Export Trade Statistics |
7.1 Benin Permanent Magnets Market Export to Major Countries |
7.2 Benin Permanent Magnets Market Imports from Major Countries |
8 Benin Permanent Magnets Market Key Performance Indicators |
8.1 Adoption rate of permanent magnets in key industries |
8.2 Research and development investment in improving permanent magnet technologies |
8.3 Number of patents filed for new permanent magnet applications |
9 Benin Permanent Magnets Market - Opportunity Assessment |
9.1 Benin Permanent Magnets Market Opportunity Assessment, By Material, 2022 & 2032F |
9.2 Benin Permanent Magnets Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Benin Permanent Magnets Market - Competitive Landscape |
10.1 Benin Permanent Magnets Market Revenue Share, By Companies, 2025 |
10.2 Benin Permanent Magnets 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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