Australia - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesite Price in Australia - 2023
Contents:
- Magnesite Price in Australia (CIF) - 2022
- Magnesite Price in Australia (FOB) - 2022
- Magnesite Imports in Australia
- Magnesite Exports in Australia
Magnesite Price in Australia (CIF) - 2022
The average magnesite import price stood at $1,052 per ton in 2022, picking up by 200% against the previous year. Overall, the import price posted resilient growth. Over the period under review, average import prices reached the maximum at $1,283 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,212 per ton), while the price for China ($485 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Magnesite Price in Australia (FOB) - 2022
In 2022, the average magnesite export price amounted to $6,932 per ton, growing by 5,455% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,983 per ton), while the average price for exports to Egypt stood at $4,199 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-9.7%).
Magnesite Imports in Australia
In 2022, approx. 160 tons of magnesite were imported into Australia; reducing by -80.8% on 2021. Overall, imports recorded a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 419%. As a result, imports attained the peak of 833 tons, and then reduced sharply in the following year.
In value terms, magnesite imports dropped notably to $168K in 2022. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of $292K, and then dropped significantly in the following year.
| Import of Magnesite in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 30.6 | 28.3 | N/A | 86.6 | 41.4% |
| China | 31.9 | 83.6 | 6.4 | 52.0 | 17.7% |
| India | 2.2 | 1.1 | 2.2 | 9.2 | 61.1% |
| United Kingdom | 7.8 | 2.7 | 3.9 | 7.8 | 0.0% |
| Spain | N/A | 6.3 | 59.8 | N/A | 849.2% |
| Austria | N/A | N/A | 105 | N/A | 0% |
| Pakistan | 7.8 | N/A | N/A | N/A | 0% |
| Brazil | 4.2 | N/A | 92.0 | N/A | 368.0% |
| Others | 15.2 | 47.4 | 23.5 | 12.7 | -5.8% |
| Total | 99.6 | 169 | 292 | 168 | 19.0% |
Top Suppliers of Magnesite to Australia in 2022:
- China (107.3 tons)
- Japan (39.2 tons)
- India (5.9 tons)
- United Kingdom (5.1 tons)
Magnesite Exports in Australia
Magnesite exports from Australia reduced notably to 175 kg in 2022, with a decrease of 99.9% compared with the previous year's figure. In general, exports saw a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 330% against the previous year. As a result, the exports reached the peak of 49K tons, and then dropped sharply in the following year.
In value terms, magnesite exports shrank remarkably to $1.2K in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $6.1M, and then dropped remarkably in the following year.
| Export of Magnesite in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.9 | 0% |
| Egypt | N/A | N/A | N/A | 0.3 | 0% |
| New Zealand | 2,927 | 2,010 | 300 | N/A | -68.0% |
| Malaysia | 489 | 543 | 196 | N/A | -36.7% |
| Indonesia | 0.1 | N/A | 2,644 | N/A | 16160.4% |
| Zambia | N/A | 1,486 | 103 | N/A | -93.1% |
| Others | 49.3 | 4.3 | 2,847 | N/A | 659.9% |
| Total | 3,466 | 4,044 | 6,090 | 1.2 | -93.0% |
Top Export Markets for Magnesite from Australia in 2022:
- United States (100.0 kg)
- Egypt (75.0 kg)
This report provides an in-depth analysis of the magnesite market in Australia. 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 2030.
Product coverage:
- UNCode 16390-1 - Magnesite
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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