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Magnesium Market

Magnesium market: discover new datasets secured by an Ai-driven business intelligence tool. Facts and figures cover exports, imports, companies, consumption, market size, market prices, trade, and production. There is a breakdown by country, including Africa, the U.S., EU, the Middle East, the U.K., Latin America, Russia, and China. Market insights and outlook to 2030 are also featured in the reports.


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Magnesium - World's Largest Markets

RatingCountry
1China
2Russia
3Canada
4Japan
5Brazil

In value terms, China led the market, alone. The second position in the ranking was occupied by Russia. It was followed by Canada.

In China, the magnesium market remained relatively stable over the period from 2019-2021. In the other countries, the average annual rates were as follows: Russia (+1.3% per year) and Canada (+0.7% per year).

Magnesium Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Israel34104162945-47.4%
Netherlands2536234529437.7%
Czech Republic2902295831654.4%
China25202442333415.0%
Germany28573088448025.2%
Average2703258530185.7%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($4,480 per tonne), while Israel ($945 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
United States42855240574215.8%
Japan26852563449229.3%
France28692575369913.5%
Canada2840237430163.1%
Italy2828242129582.3%
Germany2685243429074.1%
Romania2727244328091.5%
Netherlands2610223727332.3%
Norway273123592560-3.2%
India257122202498-1.4%
Taiwan (Chinese)253823272442-1.9%
South Korea252621882356-3.4%
Turkey254821171953-12.5%
Average2779258730174.2%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($5,742 per tonne), while Turkey ($1,953 per tonne) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Magnesium - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Netherlands0.070.20.282.5%
Canada0.10.090.22.1%
Japan0.070.070.137.2%
United States0.10.20.15.1%
Germany0.10.090.1-6.6%

In value terms, the largest magnesium importing markets worldwide were the Netherlands ($246M), Canada ($154M) and Japan ($138M), together accounting for 34% of global imports.

The Netherlands (+82.5% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Magnesium - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
China0.90.816.4%
Netherlands0.050.10.2107.8%
Israel0.080.050.07-7.4%
Germany0.040.030.045.7%
Czech Republic0.020.020.0434.2%

In value terms, China ($1B) remains the largest magnesium supplier worldwide, comprising 64% of global exports. The second position in the ranking was occupied by the Netherlands ($195M), with a 12% share of global exports. It was followed by Israel, with a 4.4% share.

In China, magnesium exports expanded at an average annual rate of +6.4% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+107.8% per year) and Israel (-7.4% per year).

Magnesium - Market Forecast

Driven by increasing demand for magnesium worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Magnesium - Product Coverage

  • HS 810411 - Magnesium; unwrought, containing at least 99.8% by weight of magnesium
  • HS 810419 - Magnesium; unwrought, containing less than 99.8% by weight of magnesium
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World - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
1895

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

Latin America and the Caribbean - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
214

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

Eastern Asia - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
210

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

Australia and Oceania - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
199

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

Southern Asia - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
186

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

Northern America - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
186

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

South-Eastern Asia - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
183

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

Central Asia - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
177

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

Middle East - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
153

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

Africa - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
$499
May 17, 2022
152

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

Category
Geography
Global Magnesium Production Drops 5% Due to Environmental Issues in China
Mar 18, 2022
262
In 2021, global magnesium production declined by 5% to 950K tonnes because several China's smelters had cut capacities to comply with energy consumption targets. China remains the largest exporter in the world, accounting for 58% of total magnesium supplies. 
Approaching Magnesium Deficiency Threatens to Disrupt the European Auto Industry
Oct 27, 2021
599
Limiting industrial carbon dioxide emissions in China has halted work in two-thirds of Shaanxi's fifty magnesium plants, while the rest of the factories will be required to halve production. As a result, in the next six months, the global market may face a deficit, hitting the European automotive industry particularly hard. The German Non-Ferrous Metals Association (WVM) calls on the German government to begin negotiations with China to increase magnesium supplies to Europe.
Which Country Imports the Most Magnesium in the World?
Jul 26, 2018
858
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 fluctuation...
Which Country Imports the Most Hydroxides and Magnesium Peroxides in the World?
Jul 26, 2018
716
In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
Which Country Exports the Most Magnesium in the World?
Jul 26, 2018
1390
In value terms, magnesium exports stood at $X in 2016. Overall, magnesium exports continue to indicate a moderate deduction. In that year, global magnesium exports reached its maximum level of $X>
Which Country Exports the Most Hydroxides and Magnesium Peroxides in the World?
Jul 26, 2018
418
In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
Which Country Imports the Most Magnesite in the World?
May 28, 2018
1763
In 2016, the amount of magnesite imported worldwide stood at X tonnes, waning by -X% against the previous year level. Overall, magnesite imports continue to indicate a measured slump. The pace of...
Which Country Exports the Most Magnesite in the World?
May 28, 2018
776
In 2016, the amount of magnesite imported worldwide stood at X tonnes, waning by -X% against the previous year level. Overall, magnesite imports continue to indicate a measured slump. The pace of...
Mushroom Market - Where Do Chinese Truffles Grow?
Sep 13, 2015
2591
Fragrant and nourishing, mushrooms have long ago won consumers' hearts all over the world. While European customers prefer mushroom pates and pastes, Asians tend to opt for a mind-boggling variety of snacks and even beverages and jellies made from mush

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