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

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

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

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

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

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

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

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

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

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

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

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