Which Country Imports the Most Magnesite in the World?

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

In 2016, the amount of magnesite imported worldwide stood at 7.9M tonnes, waning by -6.4% against the previous year level. Overall, magnesite imports continue to indicate a measured slump. The pace of growth appeared the most rapid in 2010, when it surged by 16% year-to-year. Global magnesite import peaked of 9.5M tonnes in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, magnesite imports totaled $1.6B in 2016. Overall, magnesite imports continue to indicate a relatively flat trend pattern. Over the period under review, global magnesite imports reached its maximum level of $2.5B in 2011; however, from 2012 to 2016, it failed to regain its strength.

Top Magnesite Importing Countries in the World

1. Germany (203.9 million USD)

2. USA (169.4 million USD)

3. Austria (128.5 million USD)

4. Japan (119.9 million USD)

5. South Korea (69.7 million USD)

6. China (61.6 million USD)

7. Turkey (31.6 million USD)

8. Spain (28.1 million USD)

9. Brazil (27.0 million USD)

10. Slovakia (13.3 million USD)

11. Australia (2.3 million USD)

12. Israel (0.7 million USD)

Magnesite Imports By Country

China (2.5M tonnes) was the key importing country with an import of around 2.5M tonnes, which reached 32% of total imports. It was distantly followed by Germany (484K tonnes), Slovakia (451K tonnes), the U.S. (420K tonnes), and Japan (363K tonnes), together constituting 22% share of total magnesite imports. Turkey (319K tonnes), Brazil (241K tonnes), Spain (235K tonnes), Austria (215K tonnes), Australia (207K tonnes), South Korea (177K tonnes), and Israel (147K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, Brazil (+2.1%), Israel (+1.6%), and Australia (+1.0%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing importer/exporter in the world, with a CAGR of +2.1% from 2007-2016. Turkey, and Slovakia experienced a relatively flat trend pattern. By contrast, Germany (-2.1%), Spain (-2.3%), the U.S. (-3.9%), Austria (-4.4%), South Korea (-4.8%), and Japan (-6.2%) illustrated a downward trend over the same period. While the share of Japan (4%), and the U.S. (2%) increased significantly, the share of China (-2.1%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest magnesite markets worldwide were Germany ($204M), the U.S. ($169M) and Austria ($129M), together accounting for 32% of global imports. These countries were followed by Japan, South Korea, China, Turkey, Spain, Brazil, Slovakia, Australia and Israel, which together accounted for a further 23%.

Brazil (+16.0% per year) experienced the highest growth rate of magnesite imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Magnesite Import Prices By Country

In 2016, the average import price for magnesite amounted to $199 per tonne, coming down by -5.7% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +1.2%.The pace of growth was the most pronounced in 2008, when import increased by 34% y-o-y. Over the period under review, average magnesite import price attained its maximum level of $284 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Austria ($598 per tonne), while Israel ($5 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of magnesite import prices was attained by Brazil (+13.4% 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