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

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

Magnesite - Top Importers

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

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

Source: IndexBox Market Intelligence Platform