| Product Code: ETC7375672 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to import neodymium [Nd-Fe-B] magnets from top countries like USA, Trinidad and Tobago, China, UK, and Panama. Despite a high concentration of imports, the compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 42.79%. However, there was a slight decline in the growth rate from 2023 to 2024 at -23.4%. Grenada`s reliance on these key exporting countries suggests a strong demand for neodymium magnets, indicating a promising market outlook for the industry in the region.
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 Neodymium [Nd-Fe-B] Magnet Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Neodymium [Nd-Fe-B] Magnet Market - Industry Life Cycle |
3.4 Grenada Neodymium [Nd-Fe-B] Magnet Market - Porter's Five Forces |
3.5 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Neodymium [Nd-Fe-B] Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance magnets in industries like automotive, electronics, and renewable energy |
4.2.2 Technological advancements leading to improved efficiency and cost-effectiveness of neodymium magnets |
4.2.3 Growing focus on sustainability and energy efficiency driving the adoption of neodymium magnets |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices, especially rare earth elements used in neodymium magnet production |
4.3.2 Environmental concerns related to the mining and extraction of rare earth elements |
4.3.3 Competition from alternative magnet materials like ferrite and samarium-cobalt |
5 Grenada Neodymium [Nd-Fe-B] Magnet Market Trends |
6 Grenada Neodymium [Nd-Fe-B] Magnet Market, By Types |
6.1 Grenada Neodymium [Nd-Fe-B] Magnet Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Bonded NdFeB Magnet, 2021- 2031F |
6.1.4 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Sintered NdFeB Magnet, 2021- 2031F |
6.1.5 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Neodymium [Nd-Fe-B] Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By healthcare, 2021- 2031F |
6.2.5 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Energy- Mining, 2021- 2031F |
6.2.6 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Neodymium [Nd-Fe-B] Magnet Market Import-Export Trade Statistics |
7.1 Grenada Neodymium [Nd-Fe-B] Magnet Market Export to Major Countries |
7.2 Grenada Neodymium [Nd-Fe-B] Magnet Market Imports from Major Countries |
8 Grenada Neodymium [Nd-Fe-B] Magnet Market Key Performance Indicators |
8.1 Average selling price (ASP) of neodymium magnets |
8.2 Percentage of neodymium magnet recycling rate |
8.3 Research and development investment in neodymium magnet technologies |
8.4 Adoption rate of neodymium magnets in emerging applications |
8.5 Percentage of neodymium magnet manufacturers using sustainable production practices |
9 Grenada Neodymium [Nd-Fe-B] Magnet Market - Opportunity Assessment |
9.1 Grenada Neodymium [Nd-Fe-B] Magnet Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Neodymium [Nd-Fe-B] Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Neodymium [Nd-Fe-B] Magnet Market - Competitive Landscape |
10.1 Grenada Neodymium [Nd-Fe-B] Magnet Market Revenue Share, By Companies, 2024 |
10.2 Grenada Neodymium [Nd-Fe-B] 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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