| Product Code: ETC8152783 | 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 |
Maldives` magnet import market is steadily growing, with a remarkable CAGR of 50.38% from 2020 to 2024. In 2024, the market saw a significant increase in concentration levels, indicating a strong presence of key players. The top exporting countries to Maldives in 2024 include China, Thailand, Indonesia, Philippines, and India. This market trend highlights the growing demand for magnets in Maldives and the key role these countries play in meeting that demand. The growth rate from 2023 to 2024 at 10.87% suggests continued positive momentum in the 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 Maldives Magnet Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Magnet Market - Industry Life Cycle |
3.4 Maldives Magnet Market - Porter's Five Forces |
3.5 Maldives Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Maldives Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Maldives Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing tourism industry in the Maldives leading to increased demand for souvenirs like magnets |
4.2.2 Rising disposable income and increasing purchasing power of consumers in the region |
4.2.3 Innovative designs and customization options in the magnet market attracting more customers |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in tourist arrivals impacting the demand for souvenirs |
4.3.2 Competition from alternate souvenir options like keychains, postcards, etc. |
4.3.3 Challenges in distribution and logistics network affecting availability of magnets in different tourist locations |
5 Maldives Magnet Market Trends |
6 Maldives Magnet Market, By Types |
6.1 Maldives Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Maldives Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 Maldives Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 Maldives Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 Maldives Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 Maldives Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 Maldives Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 Maldives Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 Maldives Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 Maldives Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 Maldives Magnet Market Import-Export Trade Statistics |
7.1 Maldives Magnet Market Export to Major Countries |
7.2 Maldives Magnet Market Imports from Major Countries |
8 Maldives Magnet Market Key Performance Indicators |
8.1 Average spend per tourist on souvenirs |
8.2 Number of repeat purchases from tourists |
8.3 Customer satisfaction scores related to the quality and designs of magnets |
8.4 Percentage of magnets sold with customizable options |
8.5 Growth in online sales of magnets from the Maldives market |
9 Maldives Magnet Market - Opportunity Assessment |
9.1 Maldives Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Maldives Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Maldives Magnet Market - Competitive Landscape |
10.1 Maldives Magnet Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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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