Report Update: Dec 5, 2023

World - Magnesium - Market Analysis, Forecast, Size, Trends And Insights

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Magnesium Market

Name: Magnesium Market
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Magnesium market, IndexBox, market research, global market, publisher

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.

Get FREE access to the latest data and statistics on the Magnesium Market.

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
COUNTRY	USD per ton			CAGR, 2019-2021
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 ton), while Israel ($945 per ton) 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
COUNTRY	USD per ton			CAGR, 2019-2021
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 ton), while Turkey ($1,953 per ton) 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
COUNTRY	billion USD			CAGR, 2019-2021
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
COUNTRY	billion USD			CAGR, 2019-2021
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

Source: IndexBox Market Intelligence Platform

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

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

• Global market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Global production, split by region and country

• Global trade (exports and imports)

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Company coverage:

Advanced Magnesium Alloys Corp. (Anderson, IN), MagPro LLC, Meridian Magnesium Products Co., Nevada Clean Magnesium Inc., Latrobe Magnesium Ltd., Alliance Magnesium Inc., West High Yield Resources Inc., Mag One Products Inc., Drinkard Metalox Inc., Century Sunshine Group Holdings Ltd., Qinghai Salt Lake Magnesium Co. Ltd., Esan Eczacıbası Endustriyel Hammaddeler San. ve Tic. A.S, Magnesium Elektron Ltd., Allite Inc., Belmont Metals Inc., CRS Chemicals (a division of C.R. Supply Co.), ProChem Inc., Chemical Store Inc., EdgeTech Industries LLC, Optima Chemical Group LLC, Magnesium Products Inc

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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. 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
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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles

This Chapter is Available Only for the Professional Edition PRO
1. United States
2. China
3. Japan
4. Germany
5. United Kingdom
6. France
7. Brazil
8. Italy
9. Russian Federation
10. India
11. Canada
12. Australia
13. Republic of Korea
14. Spain
15. Mexico
16. Indonesia
17. Netherlands
18. Turkey
19. Saudi Arabia
20. Switzerland
21. Sweden
22. Nigeria
23. Poland
24. Belgium
25. Argentina
26. Norway
27. Austria
28. Thailand
29. United Arab Emirates
30. Colombia
31. Denmark
32. South Africa
33. Malaysia
34. Israel
35. Singapore
36. Egypt
37. Philippines
38. Finland
39. Chile
40. Ireland
41. Pakistan
42. Greece
43. Portugal
44. Kazakhstan
45. Algeria
46. Czech Republic
47. Qatar
48. Peru
49. Romania
50. Vietnam
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption, By Country, 2018–2022
5. Production, In Physical Terms, By Country, 2012–2022
6. Imports, In Physical Terms, By Country, 2012–2022
7. Imports, In Value Terms, By Country, 2012–2022
8. Import Prices, By Country Of Destination, 2012–2022
9. Exports, In Physical Terms, By Country, 2012–2022
10. Exports, In Value Terms, By Country, 2012–2022
11. Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Consumption, By Country, 2022
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2022
18. Production, In Value Terms, 2012–2022
19. Production, By Country, 2022
20. Production, In Physical Terms, By Country, 2012–2022
21. Imports, In Physical Terms, 2012–2022
22. Imports, In Value Terms, 2012–2022
23. Imports, In Physical Terms, By Country, 2022
24. Imports, In Physical Terms, By Country, 2012–2022
25. Imports, In Value Terms, By Country, 2012–2022
26. Import Prices, By Country, 2012–2022
27. Exports, In Physical Terms, 2012–2022
28. Exports, In Value Terms, 2012–2022
29. Exports, In Physical Terms, By Country, 2022
30. Exports, In Physical Terms, By Country, 2012–2022
31. Exports, In Value Terms, By Country, 2012–2022
32. Export Prices, 2012–2022