| Product Code: ETC9194504 | Publication Date: Sep 2024 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Senegal permanent magnet import market saw significant growth in 2024, with top exporters including France, South Africa, China, United Kingdom, and Spain. The market remains highly concentrated, with a very high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for permanent magnet imports in Senegal was impressive at 20.55%, reflecting a thriving market. The growth rate of 21.33% in 2024 indicates a continued upward trajectory for this sector, making it an attractive market for exporters looking to capitalize on the demand for permanent magnets in Senegal.

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 Senegal Permanent Magnet Market Overview |
3.1 Senegal Country Macro Economic Indicators |
3.2 Senegal Permanent Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Senegal Permanent Magnet Market - Industry Life Cycle |
3.4 Senegal Permanent Magnet Market - Porter's Five Forces |
3.5 Senegal Permanent Magnet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Senegal Permanent Magnet Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Senegal Permanent Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient products and technologies |
4.2.2 Growing adoption of electric vehicles and renewable energy sources |
4.2.3 Favorable government policies and incentives promoting the use of permanent magnets in various applications |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices, such as neodymium and dysprosium |
4.3.2 Intense competition from global players in the permanent magnet market |
4.3.3 Potential environmental concerns related to the mining and disposal of rare earth elements used in permanent magnets |
5 Senegal Permanent Magnet Market Trends |
6 Senegal Permanent Magnet Market, By Types |
6.1 Senegal Permanent Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Senegal Permanent Magnet Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Senegal Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2021- 2031F |
6.1.4 Senegal Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2021- 2031F |
6.1.5 Senegal Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2021- 2031F |
6.1.6 Senegal Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2021- 2031F |
6.1.7 Senegal Permanent Magnet Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Senegal Permanent Magnet Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Senegal Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Senegal Permanent Magnet Market Revenues & Volume, By General Industrial, 2021- 2031F |
6.2.4 Senegal Permanent Magnet Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Senegal Permanent Magnet Market Revenues & Volume, By Medical Technology, 2021- 2031F |
6.2.6 Senegal Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2021- 2031F |
6.2.7 Senegal Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
7 Senegal Permanent Magnet Market Import-Export Trade Statistics |
7.1 Senegal Permanent Magnet Market Export to Major Countries |
7.2 Senegal Permanent Magnet Market Imports from Major Countries |
8 Senegal Permanent Magnet Market Key Performance Indicators |
8.1 Average selling price of permanent magnets in Senegal |
8.2 Number of new patents or innovations related to permanent magnet technology in the country |
8.3 Percentage of total energy consumption from renewable sources utilizing permanent magnets |
9 Senegal Permanent Magnet Market - Opportunity Assessment |
9.1 Senegal Permanent Magnet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Senegal Permanent Magnet Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Senegal Permanent Magnet Market - Competitive Landscape |
10.1 Senegal Permanent Magnet Market Revenue Share, By Companies, 2024 |
10.2 Senegal Permanent 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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