| Product Code: ETC8477233 | 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 Namibia magnet market demonstrated robust growth during 2020-2024, with a Compound Annual Growth Rate (CAGR) of 37.76%. Year-on-year growth rate of 42.49% further indicates a significant increase in imports. This upward trend reflects a growing demand for magnets in Namibia during the specified 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 Namibia Magnet Market Overview |
3.1 Namibia Country Macro Economic Indicators |
3.2 Namibia Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Namibia Magnet Market - Industry Life Cycle |
3.4 Namibia Magnet Market - Porter's Five Forces |
3.5 Namibia Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Namibia Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Namibia Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnets in industries such as automotive, electronics, and renewable energy |
4.2.2 Technological advancements leading to the development of high-performance magnets |
4.2.3 Government initiatives promoting the use of magnets in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in magnet production |
4.3.2 Intense competition from global magnet manufacturers |
4.3.3 Environmental regulations impacting the production processes of magnets |
5 Namibia Magnet Market Trends |
6 Namibia Magnet Market, By Types |
6.1 Namibia Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Namibia Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Namibia Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 Namibia Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 Namibia Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 Namibia Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 Namibia Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Namibia Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 Namibia Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 Namibia Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 Namibia Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 Namibia Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 Namibia Magnet Market Import-Export Trade Statistics |
7.1 Namibia Magnet Market Export to Major Countries |
7.2 Namibia Magnet Market Imports from Major Countries |
8 Namibia Magnet Market Key Performance Indicators |
8.1 Percentage of magnets used in renewable energy projects in Namibia |
8.2 Research and development investment in magnet technology by Namibian companies |
8.3 Adoption rate of magnets in emerging industries in Namibia |
9 Namibia Magnet Market - Opportunity Assessment |
9.1 Namibia Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Namibia Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Namibia Magnet Market - Competitive Landscape |
10.1 Namibia Magnet Market Revenue Share, By Companies, 2024 |
10.2 Namibia 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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