Magnesite Market

Magnesite market: read new statistics empowered by an Ai-driven business intelligence platform. Statistics include production, consumption, trade, imports, market prices, companies, exports, and market size. Here is a split by region, including Latin America, the Middle East, China, EU, Russia, Africa, the U.S., and the U.K. Market dynamics and outlook to 2030 are also provided in the snapshots.


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Magnesite - World's Largest Markets

RatingCountry
1Turkey
2India
3United States
4Japan
5Czech Republic

In value terms, Turkey led the market, alone. The second position in the ranking was occupied by India. It was followed by the United States.

In Turkey, the magnesite market plunged by an average annual rate of -13.4% over the period from 2018-2020. In the other countries, the average annual rates were as follows: India (-23.0% per year) and the United States (-35.8% per year).

Magnesite Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
United Arab Emirates733930-35.9%
Pakistan736749-18.1%
China1038253-28.3%
Slovakia7879833.2%
Turkey9087910.6%
Spain2052142336.6%
Australia2872963408.8%
Average161165121-13.4%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Australia ($340 per tonne), while the United Arab Emirates ($30 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Japan668354384-24.2%
United Kingdom2822382911.6%
New Zealand2302462422.6%
Indonesia249251240-1.8%
United States1901732105.1%
Philippines1752172006.9%
Malaysia279336185-18.6%
Italy11811317120.4%
Poland131129102-11.8%
Greece13312285-20.1%
Bulgaria1019551-28.9%
India21647436-59.2%
Czech Republic15913722-62.8%
Average253237202-10.8%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($384 per tonne), while the Czech Republic ($22 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Magnesite - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Japan0.090.089.5939.2%
United States14325.3-38.4%
New Zealand1.83.52.825.4%
Greece12.62.762.1%
Italy11.22.557.6%

In value terms, the largest magnesite importing markets worldwide were Japan ($9.5M), the United States ($5.3M) and New Zealand ($2.8M), together accounting for 27% of global imports.

Among the main importing countries, Japan (+939.2% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Magnesite - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Spain3.961492.3%
China329.910-43.4%
Turkey3.95.34.912.1%
Australia1.93.53.943.4%
Pakistan1.921.3-16.7%

In value terms, Spain ($14M), China ($10M) and Turkey ($4.9M) constituted the countries with the highest levels of exports in 2020, with a combined 60% share of global exports.

Among the main exporting countries, Spain (+92.3% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Magnesite - Market Forecast

Driven by rising demand for magnesite worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Magnesite - Top Companies

Amcol International Corp, American Colloid Company, QMAG LIMITED, Byk Additives Inc., QUEENSLAND MAGNESIA PTY LTD, JOY GLOBAL (UK) LIMITED, Active Minerals International, LLC, Kyanite Mining Corporation, NUOVA SOLMINE SPA, Sibelco Deutschland GmbH, KALTUN MADENCILIK SANAYI NAKLIYE VE AKARYAKIT TICARET ANONIM SIRKETI, Vanderbilt Minerals, LLC, ASHAPURA INTERNATIONAL LIMITED, 20 MICRONS LIMITED, Black Hills Bentonite, A Limited Liability Company, COMPANIA MINERA AGREGADOS CALCAREOS S.A., ASHAPURA PERFOCLAY LIMITED, ARABIAN REFRACTORY'S FACTORY CO., Wyo-Ben, Inc., SLOVMAG, a.s. Lubeník

Magnesite - Product Coverage

  • HS 251910 - Magnesium carbonate (magnesite); natural
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World - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global magnesite market.

Eastern Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Eastern Asia.

Northern America - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Northern America.

South-Eastern Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in South-Eastern Asia.

Latin America and the Caribbean - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Latin America and the Caribbean.

Australia and Oceania - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Australia and Oceania.

Middle East - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in the Middle East.

Southern Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Southern Asia.

Central Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Central Asia.

Africa - Magnesite - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the magnesite market in Africa.

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