| Product Code: ETC7395733 | 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 |
Despite a significant decrease in growth rate from 2023 to 2024, Guatemala`s magnet import market continues to be dominated by a few key players. The top exporting countries, including China, Spain, UK, Germany, and USA, have maintained a strong presence in 2024, contributing to the high Herfindahl-Hirschman Index (HHI) concentration. With a modest compound annual growth rate (CAGR) of 1.44% over the period from 2020 to 2024, the market is showing steady but stable growth. It will be essential to monitor how these top exporters navigate the changing landscape to sustain their positions in the Guatemalan market.

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 Guatemala Magnet Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Magnet Market - Industry Life Cycle |
3.4 Guatemala Magnet Market - Porter's Five Forces |
3.5 Guatemala Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Guatemala Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for promotional products and souvenirs in Guatemala |
4.2.2 Growing tourism industry leading to higher demand for magnets as souvenirs |
4.2.3 Rising disposable income levels among Guatemalan consumers |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Competition from alternative souvenir products |
4.3.3 Economic instability impacting consumer spending on non-essential items |
5 Guatemala Magnet Market Trends |
6 Guatemala Magnet Market, By Types |
6.1 Guatemala Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Guatemala Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 Guatemala Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 Guatemala Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 Guatemala Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 Guatemala Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 Guatemala Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 Guatemala Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 Guatemala Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 Guatemala Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 Guatemala Magnet Market Import-Export Trade Statistics |
7.1 Guatemala Magnet Market Export to Major Countries |
7.2 Guatemala Magnet Market Imports from Major Countries |
8 Guatemala Magnet Market Key Performance Indicators |
8.1 Number of tourist arrivals in Guatemala |
8.2 Average spending per tourist on souvenirs |
8.3 Consumer sentiment index in Guatemala |
8.4 Percentage of promotional products featuring magnets |
8.5 Number of souvenir shops stocking magnets |
9 Guatemala Magnet Market - Opportunity Assessment |
9.1 Guatemala Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Guatemala Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Magnet Market - Competitive Landscape |
10.1 Guatemala Magnet Market Revenue Share, By Companies, 2024 |
10.2 Guatemala 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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