| Product Code: ETC7374103 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s magnet import market in 2024 continued to be dominated by key exporting countries including the USA, Trinidad and Tobago, China, UK, and Panama. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced significant growth with a remarkable compound annual growth rate (CAGR) of 42.79% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -23.4%, suggesting a potential shift or temporary slowdown in the market dynamics.
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 Grenada Magnet Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Magnet Market - Industry Life Cycle |
3.4 Grenada Magnet Market - Porter's Five Forces |
3.5 Grenada Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Grenada Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable products |
4.2.2 Increasing awareness about the benefits of using magnets in various industries |
4.2.3 Technological advancements leading to innovative magnet applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from substitute products like adhesive tapes and Velcro |
4.3.3 Stringent regulations related to the use of certain magnet materials |
5 Grenada Magnet Market Trends |
6 Grenada Magnet Market, By Types |
6.1 Grenada Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Grenada Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 Grenada Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 Grenada Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 Grenada Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 Grenada Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 Grenada Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 Grenada Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 Grenada Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 Grenada Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 Grenada Magnet Market Import-Export Trade Statistics |
7.1 Grenada Magnet Market Export to Major Countries |
7.2 Grenada Magnet Market Imports from Major Countries |
8 Grenada Magnet Market Key Performance Indicators |
8.1 Research and development investment in magnet technology |
8.2 Adoption rate of magnets in new industries or applications |
8.3 Customer satisfaction and retention rates for magnet suppliers |
9 Grenada Magnet Market - Opportunity Assessment |
9.1 Grenada Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Grenada Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Magnet Market - Competitive Landscape |
10.1 Grenada Magnet Market Revenue Share, By Companies, 2024 |
10.2 Grenada 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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