Indonesia - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 28, 2024

Indonesia - Magnesite - Market Analysis, Forecast, Size, Trends And Insights

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Magnesite Price in Indonesia - 2022

Contents:

  1. Magnesite Price in Indonesia (CIF) - 2022
  2. Magnesite Price in Indonesia (FOB) - 2022
  3. Magnesite Imports in Indonesia
  4. Magnesite Exports in Indonesia

Magnesite Price in Indonesia (CIF) - 2022

In 2022, the average magnesite import price amounted to $258 per ton, falling by -6.7% against the previous year. Overall, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. As a result, import price attained the peak level of $528 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($1,789 per ton), while the price for Australia ($165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.3%), while the prices for the other major suppliers experienced a decline.

Magnesite Price in Indonesia (FOB) - 2022

In 2022, the average magnesite export price amounted to $576 per ton, dropping by -7.9% against the previous year. Over the period under review, the export price, however, showed a notable expansion. The growth pace was the most rapid in 2013 when the average export price increased by 100%. Over the period under review, the average export prices attained the maximum at $888 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +7.2% per year.

Magnesite Imports in Indonesia

After three years of growth, purchases abroad of magnesite decreased by -43.3% to 70K tons in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 2,114% against the previous year. As a result, imports attained the peak of 124K tons, and then shrank rapidly in the following year.

In value terms, magnesite imports dropped dramatically to $18M in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 1,325% against the previous year. As a result, imports attained the peak of $34M, and then dropped significantly in the following year.

Import of Magnesite in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.11.531.316.8451.8%
AustraliaN/A0.82.61.222.5%
Others0.20.10.20.1-20.6%
Total0.22.434.118.0348.1%

Top Suppliers of Magnesite to Indonesia in 2022:

  1. China (62.8K tons)
  2. Australia (7.2K tons)

Magnesite Exports in Indonesia

Magnesite exports from Indonesia skyrocketed to 236 tons in 2022, jumping by 52% on 2021. Over the period under review, exports, however, showed a abrupt contraction.

In value terms, magnesite exports skyrocketed to $136K in 2022. In general, exports, however, recorded a abrupt curtailment.

Export of Magnesite in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia24916296.9136-18.3%
OthersN/A12.4N/AN/A0%
Total24917596.9136-18.3%

Top Export Markets for Magnesite from Indonesia in 2022:

  1. Malaysia (235.8 tons)

Source: IndexBox Market Intelligence Platform

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

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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