World - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Which Country Imports the Most Magnesium in the World?
In 2016, the global imports of magnesium stood at X tonnes, remaining stable against the previous year level. Overall, magnesium imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, an increase of X% against the previous year level. Over the period under review, global magnesium imports attained its maximum volume of X tonnes in 2015, leveling off in the following year.
In value terms, magnesium imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, global magnesium imports attained its maximum level of $X. From 2009 to 2016, growth of global magnesium imports failed to regain its strength.
Top Magnesium Importing Countries in the World
X. Canada (X million USD)
X. USA (X million USD)
X. Germany (X million USD)
X. Japan (X million USD)
X. South Korea (X million USD)
X. India (X million USD)
X. Mexico (X million USD)
X. France (X million USD)
X. Romania (X million USD)
X. United Arab Emirates (X million USD)
X. China (X million USD)
X. Israel (X million USD)
Magnesium Imports By Country
China (X tonnes) was the largest importer of magnesium in the world, finishing at X tonnes, which was near X% of total imports in 2016. Canada (X tonnes) ranks second globally in magnesium imports with a X% share, following Germany (X%), and the U.S. (X%). Israel (X tonnes), Japan (X tonnes), South Korea (X tonnes), India (X tonnes), France (X tonnes), Romania (X tonnes), Mexico (X tonnes), and United Arab Emirates (X tonnes) occupied the minor share of total imports.
China experienced a relatively flat trend pattern. At the same time, United Arab Emirates (+X%), India (+X%), Romania (+X%), Canada (+X%), South Korea (+X%), Israel (+X%), and Mexico (+X%) displayed positive paces of growth. Moreover, United Arab Emirates emerged as the fastest growing importer/exporter in the world, with a CAGR of +X% from 2007-2016. Germany, and France experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), and Japan (-X%) illustrated a downward trend over the same period. Canada (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest magnesium markets worldwide were Canada ($X), the U.S. ($X) and Germany ($X), together comprising X% of global imports. These countries were followed by Japan, South Korea, India, Mexico, France, Romania, United Arab Emirates, China and Israel, which together accounted for a further X%.
India (+X% per year) recorded the highest rates of growth with regard to the magnesium imports, in terms of the main importing countries, over the last X year period, while the other global leaders experienced more modest paces of growth.
Magnesium Import Prices By Country
In 2016, the average import price for magnesium amounted to $X per tonne, approximately mirroring the previous year level. Over the last nine years it increased at an average annual rate of +X most prominent rate of growth was recorded in 2008, when import increased by X% y-o-y. In that year, average magnesium import price reached its maximum level of $X per tonne. From 2009 to 2016, growth of average magnesium import price stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Mexico ($X per tonne), while China ($X per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of magnesium import prices was attained by China (+X% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global magnesium market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- magnesium market share
- magnesium prices
- magnesium industry
- magnesium sales
- magnesium import
- magnesium export
- magnesium market forecast
- magnesium price forecast
- key magnesium producers
This article was written on the product's HS-code: X.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global magnesium market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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