| Product Code: ETC7525513 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Iceland magnet market witnessed robust growth in imports from 2020 to 2024. The compound annual growth rate (CAGR) for this period stood at 34.64%. Notably, in 2023-2024, the year-on-year growth rate spiked to 18.87%, indicating a significant acceleration in import volumes during that specific period.

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 Iceland Magnet Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Magnet Market - Industry Life Cycle |
3.4 Iceland Magnet Market - Porter's Five Forces |
3.5 Iceland Magnet Market Revenues & Volume Share, By Magnet Type, 2022 & 2032F |
3.6 Iceland Magnet Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Iceland Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of souvenir magnets among tourists visiting Iceland |
4.2.2 Increasing demand for unique and locally-made souvenirs |
4.2.3 Rise in online shopping and e-commerce platforms for souvenir sales |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in tourist arrivals impacting magnet sales |
4.3.2 Competition from other souvenir items such as clothing and local crafts |
5 Iceland Magnet Market Trends |
6 Iceland Magnet Market, By Types |
6.1 Iceland Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Magnet Market Revenues & Volume, By Magnet Type, 2022-2032F |
6.1.3 Iceland Magnet Market Revenues & Volume, By Ferrite, 2022-2032F |
6.1.4 Iceland Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2022-2032F |
6.1.5 Iceland Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2022-2032F |
6.1.6 Iceland Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2022-2032F |
6.2 Iceland Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Iceland Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2022-2032F |
6.2.3 Iceland Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2022-2032F |
6.2.4 Iceland Magnet Market Revenues & Volume, By Electric Bicycles, 2022-2032F |
6.2.5 Iceland Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2022-2032F |
6.2.6 Iceland Magnet Market Revenues & Volume, By Wind Turbines, 2022-2032F |
7 Iceland Magnet Market Import-Export Trade Statistics |
7.1 Iceland Magnet Market Export to Major Countries |
7.2 Iceland Magnet Market Imports from Major Countries |
8 Iceland Magnet Market Key Performance Indicators |
8.1 Average transaction value per customer |
8.2 Percentage of repeat customers |
8.3 Conversion rate of website visitors to purchasers |
8.4 Average customer rating and feedback on product quality and uniqueness |
8.5 Number of new designs or product variations introduced per quarter |
9 Iceland Magnet Market - Opportunity Assessment |
9.1 Iceland Magnet Market Opportunity Assessment, By Magnet Type, 2022 & 2032F |
9.2 Iceland Magnet Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Iceland Magnet Market - Competitive Landscape |
10.1 Iceland Magnet Market Revenue Share, By Companies, 2025 |
10.2 Iceland 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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