| Product Code: ETC5828455 | 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 Canada permanent magnets market witnessed a steady increase in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period was 13.63%. Notably, the year-on-year growth rate for 20232024 stood at 11.50%, indicating a significant rise in imports 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 Canada Permanent Magnets Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Permanent Magnets Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Permanent Magnets Market - Industry Life Cycle |
3.4 Canada Permanent Magnets Market - Porter's Five Forces |
3.5 Canada Permanent Magnets Market Revenues & Volume Share, By Material, 2022 & 2032F |
3.6 Canada Permanent Magnets Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Canada Permanent Magnets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for permanent magnets in industries such as automotive, electronics, and renewable energy due to their high efficiency and lightweight properties. |
4.2.2 Growing adoption of electric vehicles and wind turbines that utilize permanent magnets, driving the demand for these magnets in Canada. |
4.2.3 Technological advancements leading to the development of new applications for permanent magnets, thus expanding the market. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in permanent magnets production, impacting the overall cost of manufacturing. |
4.3.2 Environmental concerns related to the mining and disposal of rare earth elements used in some types of permanent magnets. |
4.3.3 Intense competition from substitute materials that may offer similar magnetic properties at a lower cost. |
5 Canada Permanent Magnets Market Trends |
6 Canada Permanent Magnets Market Segmentations |
6.1 Canada Permanent Magnets Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Canada Permanent Magnets Market Revenues & Volume, By Ferrite, 2022-2032F |
6.1.3 Canada Permanent Magnets Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2022-2032F |
6.1.4 Canada Permanent Magnets Market Revenues & Volume, By Aluminum Nickel Cobalt (Alnico), 2022-2032F |
6.1.5 Canada Permanent Magnets Market Revenues & Volume, By Samarium Cobalt (SmCo), 2022-2032F |
6.2 Canada Permanent Magnets Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Canada Permanent Magnets Market Revenues & Volume, By Automotive, 2022-2032F |
6.2.3 Canada Permanent Magnets Market Revenues & Volume, By Consumer Goods & Electronics, 2022-2032F |
6.2.4 Canada Permanent Magnets Market Revenues & Volume, By Industrial, 2022-2032F |
6.2.5 Canada Permanent Magnets Market Revenues & Volume, By Aerospace & Defense, 2022-2032F |
6.2.6 Canada Permanent Magnets Market Revenues & Volume, By Energy, 2022-2032F |
6.2.7 Canada Permanent Magnets Market Revenues & Volume, By Medical, 2022-2032F |
7 Canada Permanent Magnets Market Import-Export Trade Statistics |
7.1 Canada Permanent Magnets Market Export to Major Countries |
7.2 Canada Permanent Magnets Market Imports from Major Countries |
8 Canada Permanent Magnets Market Key Performance Indicators |
8.1 Adoption rate of permanent magnets in key industries, indicating the market penetration and potential for growth. |
8.2 Research and development investments in innovative magnet technologies, reflecting the industry's focus on advancing product capabilities. |
8.3 Recycling rate of permanent magnets, showcasing sustainability efforts and resource efficiency in the market. |
9 Canada Permanent Magnets Market - Opportunity Assessment |
9.1 Canada Permanent Magnets Market Opportunity Assessment, By Material, 2022 & 2032F |
9.2 Canada Permanent Magnets Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Canada Permanent Magnets Market - Competitive Landscape |
10.1 Canada Permanent Magnets Market Revenue Share, By Companies, 2025 |
10.2 Canada 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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