| Product Code: ETC7420844 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Guyana`s permanent magnet import market saw significant growth with a high Herfindahl-Hirschman Index indicating concentration among top exporters in 2024. Despite a negative growth rate from 2023 to 2024, the compound annual growth rate from 2020 to 2024 was an impressive 54.69%. Key exporting countries such as the USA, China, UK, Belgium, and Netherlands continued to dominate the market, showcasing the global competitiveness and demand for permanent magnets in Guyana.

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 Guyana Permanent Magnet Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Permanent Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Permanent Magnet Market - Industry Life Cycle |
3.4 Guyana Permanent Magnet Market - Porter's Five Forces |
3.5 Guyana Permanent Magnet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guyana Permanent Magnet Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Guyana Permanent Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for permanent magnets in the automotive industry for electric vehicles |
4.2.2 Increasing usage of permanent magnets in renewable energy applications |
4.2.3 Technological advancements leading to improved efficiency and performance of permanent magnets |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices such as neodymium and dysprosium |
4.3.2 Competition from substitute materials like electromagnets |
4.3.3 Environmental concerns related to the mining and production of rare earth elements used in permanent magnets |
5 Guyana Permanent Magnet Market Trends |
6 Guyana Permanent Magnet Market, By Types |
6.1 Guyana Permanent Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Permanent Magnet Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Guyana Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2021- 2031F |
6.1.4 Guyana Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2021- 2031F |
6.1.5 Guyana Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2021- 2031F |
6.1.6 Guyana Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2021- 2031F |
6.1.7 Guyana Permanent Magnet Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Guyana Permanent Magnet Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Guyana Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Guyana Permanent Magnet Market Revenues & Volume, By General Industrial, 2021- 2031F |
6.2.4 Guyana Permanent Magnet Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Guyana Permanent Magnet Market Revenues & Volume, By Medical Technology, 2021- 2031F |
6.2.6 Guyana Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2021- 2031F |
6.2.7 Guyana Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
7 Guyana Permanent Magnet Market Import-Export Trade Statistics |
7.1 Guyana Permanent Magnet Market Export to Major Countries |
7.2 Guyana Permanent Magnet Market Imports from Major Countries |
8 Guyana Permanent Magnet Market Key Performance Indicators |
8.1 Average selling price of permanent magnets |
8.2 Research and development investment in new magnet technologies |
8.3 Adoption rate of permanent magnets in key industries such as automotive and renewable energy |
8.4 Percentage of recycled materials used in permanent magnet production |
8.5 Number of patents filed for innovative magnet designs |
9 Guyana Permanent Magnet Market - Opportunity Assessment |
9.1 Guyana Permanent Magnet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guyana Permanent Magnet Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Guyana Permanent Magnet Market - Competitive Landscape |
10.1 Guyana Permanent Magnet Market Revenue Share, By Companies, 2024 |
10.2 Guyana Permanent 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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