| Product Code: ETC9454064 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Spain`s permanent magnet market saw a notable increase in imports. The trend indicated a growing reliance on foreign sources for permanent magnets, potentially driven by factors such as cost competitiveness or supply chain considerations.

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 Spain Permanent Magnet Market Overview |
3.1 Spain Country Macro Economic Indicators |
3.2 Spain Permanent Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 Spain Permanent Magnet Market - Industry Life Cycle |
3.4 Spain Permanent Magnet Market - Porter's Five Forces |
3.5 Spain Permanent Magnet Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Spain Permanent Magnet Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
4 Spain Permanent Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Spain, which rely on permanent magnets for various components. |
4.2.2 Growing focus on renewable energy sources like wind power, which heavily use permanent magnets in generators. |
4.2.3 Technological advancements leading to higher efficiency and miniaturization of electronic devices, driving the demand for permanent magnets. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of rare earth elements, which are crucial in the production of permanent magnets. |
4.3.2 Intense competition from substitute materials and technologies in certain applications. |
4.3.3 Environmental concerns related to the mining and processing of rare earth elements used in permanent magnets. |
5 Spain Permanent Magnet Market Trends |
6 Spain Permanent Magnet Market, By Types |
6.1 Spain Permanent Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Spain Permanent Magnet Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Spain Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2022-2032F |
6.1.4 Spain Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2022-2032F |
6.1.5 Spain Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2022-2032F |
6.1.6 Spain Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2022-2032F |
6.1.7 Spain Permanent Magnet Market Revenues & Volume, By Others, 2022-2032F |
6.2 Spain Permanent Magnet Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Spain Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2022-2032F |
6.2.3 Spain Permanent Magnet Market Revenues & Volume, By General Industrial, 2022-2032F |
6.2.4 Spain Permanent Magnet Market Revenues & Volume, By Automotive, 2022-2032F |
6.2.5 Spain Permanent Magnet Market Revenues & Volume, By Medical Technology, 2022-2032F |
6.2.6 Spain Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2022-2032F |
6.2.7 Spain Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2022-2032F |
7 Spain Permanent Magnet Market Import-Export Trade Statistics |
7.1 Spain Permanent Magnet Market Export to Major Countries |
7.2 Spain Permanent Magnet Market Imports from Major Countries |
8 Spain Permanent Magnet Market Key Performance Indicators |
8.1 Adoption rate of electric vehicles in Spain. |
8.2 Growth in installed capacity of wind turbines utilizing permanent magnets. |
8.3 Number of patents filed for innovations in permanent magnet technology. |
8.4 Investment in research and development for sustainable sourcing of rare earth elements. |
9 Spain Permanent Magnet Market - Opportunity Assessment |
9.1 Spain Permanent Magnet Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Spain Permanent Magnet Market Opportunity Assessment, By End-Use, 2022 & 2032F |
10 Spain Permanent Magnet Market - Competitive Landscape |
10.1 Spain Permanent Magnet Market Revenue Share, By Companies, 2025 |
10.2 Spain 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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