| Product Code: ETC10358566 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Grenada continued to heavily rely on imports of samarium cobalt magnets, with top exporters being the USA, Lebanon, Saint Lucia, China, and Barbados. The market showed high concentration levels with a very high Herfindahl-Hirschman Index. Despite a healthy compound annual growth rate of 11.2% from 2020 to 2024, there was a notable decline in growth from 2023 to 2024 at -16.19%. This trend suggests some fluctuations in demand and market conditions, indicating a need for further analysis and strategic planning in the industry.
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 Samarium Cobalt Magnet Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Samarium Cobalt Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Samarium Cobalt Magnet Market - Industry Life Cycle |
3.4 Grenada Samarium Cobalt Magnet Market - Porter's Five Forces |
3.5 Grenada Samarium Cobalt Magnet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Samarium Cobalt Magnet Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Grenada Samarium Cobalt Magnet Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Samarium Cobalt Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Samarium Cobalt Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance magnets in industries such as automotive, electronics, and renewable energy |
4.2.2 Growing focus on energy efficiency and sustainability driving the adoption of rare earth magnets like samarium cobalt magnets |
4.2.3 Technological advancements leading to improved performance and cost-effectiveness of grenada samarium cobalt magnets |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the overall production cost of samarium cobalt magnets |
4.3.2 Intense competition from alternative magnet materials such as neodymium magnets |
4.3.3 Regulatory challenges related to environmental concerns and mining practices for rare earth elements |
5 Grenada Samarium Cobalt Magnet Market Trends |
6 Grenada Samarium Cobalt Magnet Market, By Types |
6.1 Grenada Samarium Cobalt Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By SmCo5, 2021 - 2031F |
6.1.4 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Sm2Co17, 2021 - 2031F |
6.1.5 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Grenada Samarium Cobalt Magnet Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By High, 2021 - 2031F |
6.2.3 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Medium, 2021 - 2031F |
6.2.4 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Low, 2021 - 2031F |
6.3 Grenada Samarium Cobalt Magnet Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Aerospace, 2021 - 2031F |
6.3.3 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Defense, 2021 - 2031F |
6.3.4 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.4 Grenada Samarium Cobalt Magnet Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Motors & Generators, 2021 - 2031F |
6.4.3 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Sensors & Actuators, 2021 - 2031F |
6.4.4 Grenada Samarium Cobalt Magnet Market Revenues & Volume, By Magnetic Couplings, 2021 - 2031F |
7 Grenada Samarium Cobalt Magnet Market Import-Export Trade Statistics |
7.1 Grenada Samarium Cobalt Magnet Market Export to Major Countries |
7.2 Grenada Samarium Cobalt Magnet Market Imports from Major Countries |
8 Grenada Samarium Cobalt Magnet Market Key Performance Indicators |
8.1 Average selling price (ASP) of grenada samarium cobalt magnets |
8.2 Adoption rate of samarium cobalt magnets in key industries |
8.3 Investment in research and development for enhancing the performance of these magnets |
9 Grenada Samarium Cobalt Magnet Market - Opportunity Assessment |
9.1 Grenada Samarium Cobalt Magnet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Samarium Cobalt Magnet Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Grenada Samarium Cobalt Magnet Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Samarium Cobalt Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Samarium Cobalt Magnet Market - Competitive Landscape |
10.1 Grenada Samarium Cobalt Magnet Market Revenue Share, By Companies, 2024 |
10.2 Grenada Samarium Cobalt 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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