Nigeria Rare Earth Magnet Market (2025-2031) | Growth, Outlook, Competitive Landscape, Size & Revenue, Value, Forecast, Industry, Share, Analysis, Trends, Segmentation, Companies
Market Forecast By Magnet Type (Neodymium-Iron-Boron (NdFeB) Magnets, Samarium-Cobalt (SmCo) Magnets), By Application (NdFeB Magnets, Automobile, Electronics, Power Generators, SmCo Magnets, Defense, Aerospace, Electronics) And Competitive Landscape
| Product Code: ETC8633927 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Nigeria Rare Earth Magnet Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Nigeria`s rare earth magnet import market in 2024 continued to be dominated by top exporting countries such as China, India, Netherlands, Belgium, and Germany. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant decline with a negative compound annual growth rate (CAGR) of -6.67% from 2020 to 2024. The growth rate for 2023-2024 saw a sharp decrease of -59.02%, reflecting challenges in the market dynamics. Monitoring the evolving trends and competition in this sector will be crucial for stakeholders in the coming years.
Key Highlights of the Report:
- Nigeria Rare Earth Magnet Market Outlook
- Market Size of Nigeria Rare Earth Magnet Market, 2024
- Forecast of Nigeria Rare Earth Magnet Market, 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Revenues & Volume for the Period 2021- 2031
- Nigeria Rare Earth Magnet Market Trend Evolution
- Nigeria Rare Earth Magnet Market Drivers and Challenges
- Nigeria Rare Earth Magnet Price Trends
- Nigeria Rare Earth Magnet Porter's Five Forces
- Nigeria Rare Earth Magnet Industry Life Cycle
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Magnet Type for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Neodymium-Iron-Boron (NdFeB) Magnets for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Samarium-Cobalt (SmCo) Magnets for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By NdFeB Magnets for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Automobile for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Electronics for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Power Generators for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By SmCo Magnets for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Defense for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Aerospace for the Period 2021- 2031
- Historical Data and Forecast of Nigeria Rare Earth Magnet Market Revenues & Volume By Electronics for the Period 2021- 2031
- Nigeria Rare Earth Magnet Import Export Trade Statistics
- Market Opportunity Assessment By Magnet Type
- Market Opportunity Assessment By Application
- Nigeria Rare Earth Magnet Top Companies Market Share
- Nigeria Rare Earth Magnet Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Rare Earth Magnet Company Profiles
- Nigeria Rare Earth Magnet Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Nigeria Rare Earth Magnet Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Rare Earth Magnet Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Rare Earth Magnet Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Rare Earth Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Rare Earth Magnet Market - Industry Life Cycle |
3.4 Nigeria Rare Earth Magnet Market - Porter's Five Forces |
3.5 Nigeria Rare Earth Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 Nigeria Rare Earth Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Rare Earth Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Rare Earth Magnet Market Trends |
6 Nigeria Rare Earth Magnet Market, By Types |
6.1 Nigeria Rare Earth Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Rare Earth Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 Nigeria Rare Earth Magnet Market Revenues & Volume, By Neodymium-Iron-Boron (NdFeB) Magnets, 2021- 2031F |
6.1.4 Nigeria Rare Earth Magnet Market Revenues & Volume, By Samarium-Cobalt (SmCo) Magnets, 2021- 2031F |
6.2 Nigeria Rare Earth Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Rare Earth Magnet Market Revenues & Volume, By NdFeB Magnets, 2021- 2031F |
6.2.3 Nigeria Rare Earth Magnet Market Revenues & Volume, By Automobile, 2021- 2031F |
6.2.4 Nigeria Rare Earth Magnet Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.5 Nigeria Rare Earth Magnet Market Revenues & Volume, By Power Generators, 2021- 2031F |
6.2.6 Nigeria Rare Earth Magnet Market Revenues & Volume, By SmCo Magnets, 2021- 2031F |
6.2.7 Nigeria Rare Earth Magnet Market Revenues & Volume, By Defense, 2021- 2031F |
6.2.8 Nigeria Rare Earth Magnet Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.9 Nigeria Rare Earth Magnet Market Revenues & Volume, By Electronics, 2021- 2031F |
7 Nigeria Rare Earth Magnet Market Import-Export Trade Statistics |
7.1 Nigeria Rare Earth Magnet Market Export to Major Countries |
7.2 Nigeria Rare Earth Magnet Market Imports from Major Countries |
8 Nigeria Rare Earth Magnet Market Key Performance Indicators |
9 Nigeria Rare Earth Magnet Market - Opportunity Assessment |
9.1 Nigeria Rare Earth Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 Nigeria Rare Earth Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Rare Earth Magnet Market - Competitive Landscape |
10.1 Nigeria Rare Earth Magnet Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Rare Earth Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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