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
Rating | Country |
---|---|
1 | China |
2 | Russia |
3 | Canada |
4 | Japan |
5 | Brazil |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per tonne | ||||
Israel | 3410 | 4162 | 945 | -47.4% |
Netherlands | 2536 | 2345 | 2943 | 7.7% |
Czech Republic | 2902 | 2958 | 3165 | 4.4% |
China | 2520 | 2442 | 3334 | 15.0% |
Germany | 2857 | 3088 | 4480 | 25.2% |
Average | 2703 | 2585 | 3018 | 5.7% |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per tonne | ||||
United States | 4285 | 5240 | 5742 | 15.8% |
Japan | 2685 | 2563 | 4492 | 29.3% |
France | 2869 | 2575 | 3699 | 13.5% |
Canada | 2840 | 2374 | 3016 | 3.1% |
Italy | 2828 | 2421 | 2958 | 2.3% |
Germany | 2685 | 2434 | 2907 | 4.1% |
Romania | 2727 | 2443 | 2809 | 1.5% |
Netherlands | 2610 | 2237 | 2733 | 2.3% |
Norway | 2731 | 2359 | 2560 | -3.2% |
India | 2571 | 2220 | 2498 | -1.4% |
Taiwan (Chinese) | 2538 | 2327 | 2442 | -1.9% |
South Korea | 2526 | 2188 | 2356 | -3.4% |
Turkey | 2548 | 2117 | 1953 | -12.5% |
Average | 2779 | 2587 | 3017 | 4.2% |
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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
Netherlands | 0.07 | 0.2 | 0.2 | 82.5% |
Canada | 0.1 | 0.09 | 0.2 | 2.1% |
Japan | 0.07 | 0.07 | 0.1 | 37.2% |
United States | 0.1 | 0.2 | 0.1 | 5.1% |
Germany | 0.1 | 0.09 | 0.1 | -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
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
China | 0.9 | 0.8 | 1 | 6.4% |
Netherlands | 0.05 | 0.1 | 0.2 | 107.8% |
Israel | 0.08 | 0.05 | 0.07 | -7.4% |
Germany | 0.04 | 0.03 | 0.04 | 5.7% |
Czech Republic | 0.02 | 0.02 | 0.04 | 34.2% |
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
This report provides an in-depth analysis of the global magnesium market.
This report provides an in-depth analysis of the magnesium market in Latin America and the Caribbean.
This report provides an in-depth analysis of the magnesium market in Eastern Asia.
This report provides an in-depth analysis of the magnesium market in Australia and Oceania.
This report provides an in-depth analysis of the magnesium market in Southern Asia.
This report provides an in-depth analysis of the magnesium market in Northern America.
This report provides an in-depth analysis of the magnesium market in South-Eastern Asia.
This report provides an in-depth analysis of the magnesium market in Central Asia.
This report provides an in-depth analysis of the magnesium market in the Middle East.
This report provides an in-depth analysis of the magnesium market in Africa.
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