Which Country Exports the Most Magnesite in the World?

Other Mining And Quarrying May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global magnesite exports amounted to 4.3M tonnes in 2016, coming down by -10.4% against the previous year level. Overall, magnesite exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when export increased by 18% against the previous year level. Global magnesite export peaked of 4.9M tonnes in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

In value terms, magnesite exports stood at $1.4B in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value decreased at an average annual rate of -0.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, magnesite exports decreased by -24.5% against its level of 2014. Global magnesite export peaked of $2B in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

Top Magnesite Exporting Countries in the World

1. China (466.9 million USD)

2. Turkey (91.9 million USD)

3. Brazil (72.5 million USD)

4. Slovakia (60.8 million USD)

5. Spain (55.3 million USD)

6. Israel (54.9 million USD)

7. Netherlands (51.4 million USD)

8. Germany (47.5 million USD)

9. Australia (46.0 million USD)

10. Greece (30.6 million USD)

11. Slovenia (30.3 million USD)

12. Russia (26.2 million USD)

Magnesite Exports By Country

China (2M tonnes) was the largest exporting country with an export of about 2M tonnes, which accounted for 47% of total exports. Turkey (319K tonnes) took a 7% share (based on tonnes) of global magnesite exports, which put it in second place, following Slovakia (5%), Brazil (5%), and Spain (5%). Israel (147K tonnes), Russia (112K tonnes), Greece (110K tonnes), the Netherlands (96K tonnes), Australia (90K tonnes), Germany (82K tonnes), and Slovenia (81K tonnes) took the slight share of total exports.

From 2007 to 2016, average annual rates of growth with regard to magnesite exports from China stood at -1.4%. At the same time, Israel (+21.5%), Slovenia (+18.8%), Brazil (+9.0%), and Turkey (+4.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest growing importer/exporter in the world, with a CAGR of +21.5% from 2007-2016. Spain, and Germany experienced a relatively flat trend pattern. By contrast, Greece (-2.0%), the Netherlands (-3.3%), Australia (-5.4%), Slovakia (-7.9%), and Russia (-11.0%) illustrated a downward trend over the same period. While the share of China (6%), Slovakia (6%), and Russia (5%) increased significantly, the share of Turkey (-2.3%), Brazil (-2.7%), and Israel (-2.8%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($467M) remains the largest magnesite supplier in the world, making up 33% of global exports. The second position in the ranking was occupied by Turkey ($92M), with the share of 7% of global exports. It was followed by Brazil, with the share of 5%.

In China, magnesite exports expanded at an average annual rate of +3.7% over the period from 2007-2016. In the other countries, the average annual rates were as follows: Turkey (+7.2% per year) and Brazil (+12.2% per year).

Magnesite Export Prices By Country

In 2016, the average export price for magnesite amounted to $329 per tonne, reducing by -5.2% against the previous year. Overall, it indicated a pronounced increase from 2007 to 2016: the export price value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, magnesite export price decreased by -19.0% against its level of 2011. The most prominent rate of growth was recorded in 2010, when export increased by 38% from the previous year level. Over the period under review, average magnesite export price reached its maximum level of $406 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Germany ($582 per tonne), while China ($234 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of magnesite export prices was attained by Russia (+6.8% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global magnesite market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • magnesite market share
  • magnesite prices
  • magnesite industry
  • magnesite sales
  • magnesite import
  • magnesite export
  • magnesite market forecast
  • magnesite price forecast
  • key magnesite producers

All data provided in this article covers the following product: HS Code 2519 - Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; magnesium oxide, pure or not.

Source: World: Magnesite - Market Report. Analysis and Forecast to 2025