| Product Code: ETC5832493 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives continues to heavily rely on imports of brass bars, with India, China, Thailand, Spain, and Sri Lanka being the top exporting countries in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry has experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -8.68% from 2020 to 2024. The sharp decrease in growth rate from 2023 to 2024 at -89.31% suggests challenges in the market that importers and stakeholders should closely monitor for potential impacts on trade dynamics in the coming years.

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 Maldives Brass Bars Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Brass Bars Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Brass Bars Market - Industry Life Cycle |
3.4 Maldives Brass Bars Market - Porter's Five Forces |
3.5 Maldives Brass Bars Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Brass Bars Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Maldives Brass Bars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for brass bars in construction and infrastructure projects in the Maldives |
4.2.2 Growth in the tourism industry leading to higher demand for brass bars for luxury hotel and resort construction |
4.2.3 Rising disposable income and consumer spending in the Maldives driving demand for premium brass products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of brass bars |
4.3.2 Challenges in sourcing high-quality raw materials locally, leading to dependency on imports |
4.3.3 Competition from alternative materials like steel and aluminum impacting the market share of brass bars |
5 Maldives Brass Bars Market Trends |
6 Maldives Brass Bars Market Segmentations |
6.1 Maldives Brass Bars Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Brass Bars Market Revenues & Volume, By Ordinary Brass Bars, 2021-2031F |
6.1.3 Maldives Brass Bars Market Revenues & Volume, By Neutral Brass Bars, 2021-2031F |
6.1.4 Maldives Brass Bars Market Revenues & Volume, By High Precision Brass Bars, 2021-2031F |
6.2 Maldives Brass Bars Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Maldives Brass Bars Market Revenues & Volume, By Machines, 2021-2031F |
6.2.3 Maldives Brass Bars Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Maldives Brass Bars Market Revenues & Volume, By Electric Appliances, 2021-2031F |
7 Maldives Brass Bars Market Import-Export Trade Statistics |
7.1 Maldives Brass Bars Market Export to Major Countries |
7.2 Maldives Brass Bars Market Imports from Major Countries |
8 Maldives Brass Bars Market Key Performance Indicators |
8.1 Average selling price of brass bars in the Maldives market |
8.2 Number of construction permits issued for projects using brass bars |
8.3 Percentage of imported raw materials in the production of brass bars in the Maldives |
9 Maldives Brass Bars Market - Opportunity Assessment |
9.1 Maldives Brass Bars Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Brass Bars Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Maldives Brass Bars Market - Competitive Landscape |
10.1 Maldives Brass Bars Market Revenue Share, By Companies, 2024 |
10.2 Maldives Brass Bars 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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