Burkina Faso Permanent Magnets Market (2025-2031) | Value, Segmentation, Industry, Analysis, Share, Outlook, Growth, Trends, Forecast, Size, Revenue & Companies

Market Forecast By Material (Ferrite, Neodymium Iron Boron (NdFeB), Aluminum Nickel Cobalt (Alnico), Samarium Cobalt (SmCo)), By Applications (Automotive, Consumer Goods & Electronics, Industrial, Aerospace & Defense, Energy, Medical, Others) And Competitive Landscape
Product Code: ETC5828452 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Burkina Faso Permanent Magnets Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Burkina Faso`s import of permanent magnets in 2024 continued to be dominated by key exporting countries such as South Africa, Netherlands, China, USA, and UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 30.23% from 2020 to 2024 underscores the growing demand for permanent magnets in Burkina Faso. The remarkable growth rate of 216.5% from 2023 to 2024 highlights a surge in import activity, potentially driven by various industries requiring permanent magnets for technological applications.

Burkina Faso Permanent Magnets Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Burkina Faso Permanent Magnets Market Outlook
  • Market Size of Burkina Faso Permanent Magnets Market, 2024
  • Forecast of Burkina Faso Permanent Magnets Market, 2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Revenues & Volume for the Period 2021-2031
  • Burkina Faso Permanent Magnets Market Trend Evolution
  • Burkina Faso Permanent Magnets Market Drivers and Challenges
  • Burkina Faso Permanent Magnets Price Trends
  • Burkina Faso Permanent Magnets Porter`s Five Forces
  • Burkina Faso Permanent Magnets Industry Life Cycle
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Material for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Ferrite for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Neodymium Iron Boron (NdFeB) for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Aluminum Nickel Cobalt (Alnico) for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Samarium Cobalt (SmCo) for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Applications for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Automotive for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Consumer Goods & Electronics for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Aerospace & Defense for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Energy for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Medical for the Period 2021-2031
  • Historical Data and Forecast of Burkina Faso Permanent Magnets Market Revenues & Volume By Others for the Period 2021-2031
  • Burkina Faso Permanent Magnets Import Export Trade Statistics
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Applications
  • Burkina Faso Permanent Magnets Top Companies Market Share
  • Burkina Faso Permanent Magnets Competitive Benchmarking By Technical and Operational Parameters
  • Burkina Faso Permanent Magnets Company Profiles
  • Burkina Faso Permanent Magnets Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Burkina Faso Permanent Magnets Market Overview

3.1 Burkina Faso Country Macro Economic Indicators

3.2 Burkina Faso Permanent Magnets Market Revenues & Volume, 2021 & 2031F

3.3 Burkina Faso Permanent Magnets Market - Industry Life Cycle

3.4 Burkina Faso Permanent Magnets Market - Porter's Five Forces

3.5 Burkina Faso Permanent Magnets Market Revenues & Volume Share, By Material, 2021 & 2031F

3.6 Burkina Faso Permanent Magnets Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Burkina Faso Permanent Magnets Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growth in the electronics and automotive industries in Burkina Faso, leading to increased demand for permanent magnets.

4.2.2 Government initiatives promoting renewable energy sources, such as wind turbines and solar panels, which rely on permanent magnets.

4.2.3 Technological advancements and innovations driving the development of new applications for permanent magnets in various sectors.

4.3 Market Restraints

4.3.1 Limited domestic production capacity for permanent magnets, leading to dependence on imports.

4.3.2 Fluctuating raw material prices impacting the cost of production for permanent magnets.

4.3.3 Challenges related to the disposal and recycling of permanent magnets, affecting environmental sustainability.

5 Burkina Faso Permanent Magnets Market Trends

6 Burkina Faso Permanent Magnets Market Segmentations

6.1 Burkina Faso Permanent Magnets Market, By Material

6.1.1 Overview and Analysis

6.1.2 Burkina Faso Permanent Magnets Market Revenues & Volume, By Ferrite, 2021-2031F

6.1.3 Burkina Faso Permanent Magnets Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021-2031F

6.1.4 Burkina Faso Permanent Magnets Market Revenues & Volume, By Aluminum Nickel Cobalt (Alnico), 2021-2031F

6.1.5 Burkina Faso Permanent Magnets Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021-2031F

6.2 Burkina Faso Permanent Magnets Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Burkina Faso Permanent Magnets Market Revenues & Volume, By Automotive, 2021-2031F

6.2.3 Burkina Faso Permanent Magnets Market Revenues & Volume, By Consumer Goods & Electronics, 2021-2031F

6.2.4 Burkina Faso Permanent Magnets Market Revenues & Volume, By Industrial, 2021-2031F

6.2.5 Burkina Faso Permanent Magnets Market Revenues & Volume, By Aerospace & Defense, 2021-2031F

6.2.6 Burkina Faso Permanent Magnets Market Revenues & Volume, By Energy, 2021-2031F

6.2.7 Burkina Faso Permanent Magnets Market Revenues & Volume, By Medical, 2021-2031F

7 Burkina Faso Permanent Magnets Market Import-Export Trade Statistics

7.1 Burkina Faso Permanent Magnets Market Export to Major Countries

7.2 Burkina Faso Permanent Magnets Market Imports from Major Countries

8 Burkina Faso Permanent Magnets Market Key Performance Indicators

8.1 Adoption rate of permanent magnets in key industries (electronics, automotive, renewable energy).

8.2 Research and development investments in new applications and technologies using permanent magnets.

8.3 Efficiency improvements in permanent magnet production processes.

8.4 Rate of localization of permanent magnet production facilities in Burkina Faso.

8.5 Percentage of waste permanent magnets recycled or disposed of responsibly.

9 Burkina Faso Permanent Magnets Market - Opportunity Assessment

9.1 Burkina Faso Permanent Magnets Market Opportunity Assessment, By Material, 2021 & 2031F

9.2 Burkina Faso Permanent Magnets Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Burkina Faso Permanent Magnets Market - Competitive Landscape

10.1 Burkina Faso Permanent Magnets Market Revenue Share, By Companies, 2024

10.2 Burkina Faso Permanent Magnets Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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