| Product Code: ETC12733341 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Despite a decline in the Compound Annual Growth Rate (CAGR) from 2020 to 2024, the neodymium iron boron import market in Nigeria remained heavily concentrated with a high Herfindahl-Hirschman Index (HHI). China, India, Netherlands, Belgium, and Germany continued to dominate as the top exporting countries in 2024. However, the sharp decline in growth rate from 2023 to 2024 by -59.02% suggests a challenging environment for import shipments of neodymium iron boron into Nigeria, indicating potential shifts in market dynamics or demand patterns.

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 Nigeria Neodymium Iron Boron Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Neodymium Iron Boron Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Neodymium Iron Boron Market - Industry Life Cycle |
3.4 Nigeria Neodymium Iron Boron Market - Porter's Five Forces |
3.5 Nigeria Neodymium Iron Boron Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Nigeria Neodymium Iron Boron Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Neodymium Iron Boron Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Nigeria Neodymium Iron Boron Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for neodymium iron boron magnets in sectors like automotive, electronics, and renewable energy due to their high magnetic strength. |
4.2.2 Growing investments in infrastructure development and industrialization projects driving the demand for neodymium iron boron magnets. |
4.2.3 Technological advancements leading to the development of new applications for neodymium iron boron magnets. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like neodymium and boron impacting the cost of production. |
4.3.2 Environmental concerns related to the mining and extraction of neodymium and boron affecting market growth. |
4.3.3 Competition from alternative magnet materials like ferrite magnets posing a challenge to the neodymium iron boron market. |
5 Nigeria Neodymium Iron Boron Market Trends |
6 Nigeria Neodymium Iron Boron Market, By Types |
6.1 Nigeria Neodymium Iron Boron Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Grade, 2021 - 2031F |
6.1.3 Nigeria Neodymium Iron Boron Market Revenues & Volume, By High-Performance, 2021 - 2031F |
6.1.4 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Standard, 2021 - 2031F |
6.2 Nigeria Neodymium Iron Boron Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Electric Motors, 2021 - 2031F |
6.2.3 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Wind Turbines, 2021 - 2031F |
6.2.4 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.3 Nigeria Neodymium Iron Boron Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.3.4 Nigeria Neodymium Iron Boron Market Revenues & Volume, By Electronics Industry, 2021 - 2031F |
7 Nigeria Neodymium Iron Boron Market Import-Export Trade Statistics |
7.1 Nigeria Neodymium Iron Boron Market Export to Major Countries |
7.2 Nigeria Neodymium Iron Boron Market Imports from Major Countries |
8 Nigeria Neodymium Iron Boron Market Key Performance Indicators |
8.1 Adoption rate of neodymium iron boron magnets in new industries or applications. |
8.2 Research and development investments in improving the performance and efficiency of neodymium iron boron magnets. |
8.3 Number of patents filed for innovations in neodymium iron boron magnet technology. |
9 Nigeria Neodymium Iron Boron Market - Opportunity Assessment |
9.1 Nigeria Neodymium Iron Boron Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Nigeria Neodymium Iron Boron Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Neodymium Iron Boron Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Nigeria Neodymium Iron Boron Market - Competitive Landscape |
10.1 Nigeria Neodymium Iron Boron Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Neodymium Iron Boron Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |