| Product Code: ETC6768463 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Colombia magnet import market continued to exhibit strong growth in 2024, with top exporting countries including China, Germany, USA, Italy, and Japan. The market concentration, as measured by the HHI, remained high, indicating a competitive landscape dominated by these key players. The impressive CAGR of 7.71% from 2020 to 2024 demonstrates sustained market expansion, while the notable growth rate of 25.01% from 2023 to 2024 points towards an accelerating demand for magnets in Colombia. These trends suggest a promising outlook for the magnet import sector in the country.

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 Colombia Magnet Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Magnet Market - Industry Life Cycle |
3.4 Colombia Magnet Market - Porter's Five Forces |
3.5 Colombia Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Colombia Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of magnetic materials in automotive and electronics industries |
4.2.2 Growing demand for renewable energy solutions using magnets in wind turbines and electric vehicles |
4.2.3 Rise in infrastructure development projects boosting the construction industry in Colombia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Intense competition from substitute materials like plastics and ceramics |
4.3.3 Regulatory challenges related to environmental concerns and waste management |
5 Colombia Magnet Market Trends |
6 Colombia Magnet Market, By Types |
6.1 Colombia Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Colombia Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Colombia Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 Colombia Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 Colombia Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 Colombia Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 Colombia Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Colombia Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 Colombia Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 Colombia Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 Colombia Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 Colombia Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 Colombia Magnet Market Import-Export Trade Statistics |
7.1 Colombia Magnet Market Export to Major Countries |
7.2 Colombia Magnet Market Imports from Major Countries |
8 Colombia Magnet Market Key Performance Indicators |
8.1 Research and development investment in new magnet technologies |
8.2 Number of patents filed for magnet-related innovations |
8.3 Percentage of recycled materials used in magnet production |
8.4 Adoption rate of magnets in emerging industries such as healthcare and aerospace |
8.5 Supplier performance metrics related to quality and delivery timelines |
9 Colombia Magnet Market - Opportunity Assessment |
9.1 Colombia Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Colombia Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Magnet Market - Competitive Landscape |
10.1 Colombia Magnet Market Revenue Share, By Companies, 2024 |
10.2 Colombia 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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