India - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesium Price in India - 2023
Contents:
- Magnesium Price in India (CIF) - 2023
- Magnesium Price in India (FOB) - 2023
- Magnesium Imports in India
- Magnesium Exports in India
Magnesium Price in India (CIF) - 2023
The average magnesium import price stood at $3,332 per ton in July 2023, shrinking by -5.1% against the previous month. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in June 2023 when the average import price increased by 4.4% m-o-m. The import price peaked at $5,525 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Singapore ($3,509 per ton), while the price for Hong Kong SAR ($3,246 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-3.3%), while the prices for the other major suppliers experienced a decline.
Magnesium Price in India (FOB) - 2023
In July 2023, the average magnesium export price amounted to $4,202 per ton, reducing by -56.4% against the previous month. Overall, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 333% m-o-m. As a result, the export price attained the peak level of $16,618 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In July 2023, the country with the highest price was the United States ($4,448 per ton), while the average price for exports to Brazil ($3,498 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Magnesium Imports in India
In 2022, the amount of magnesium imported into India skyrocketed to 25K tons, rising by 25% on the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, magnesium imports surged to $131M in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 98%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Magnesium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.5 | 33.3 | 65.1 | 64.0 | 12.9% |
| British Virgin Islands | 0.1 | 0.5 | 2.0 | 1.9 | 166.8% |
| Hong Kong SAR | 2.9 | 0.9 | 1.4 | 1.7 | -16.3% |
| Others | 0.3 | 0.2 | 0.4 | 63.4 | 495.6% |
| Total | 47.7 | 34.9 | 68.9 | 131 | 40.0% |
Top Suppliers of Magnesium to India in 2022:
- China (17.1K tons)
- Hong Kong SAR (0.6K tons)
- British Virgin Islands (0.5K tons)
Magnesium Exports in India
In 2022, approx. 37 tons of magnesium were exported from India; with a decrease of -83% compared with 2021. In general, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 202% against the previous year. As a result, the exports attained the peak of 217 tons, and then reduced notably in the following year.
In value terms, magnesium exports reduced dramatically to $463K in 2022. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 489% against the previous year. As a result, the exports attained the peak of $1.9M, and then fell rapidly in the following year.
| Export of Magnesium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 11.9 | 136 | 1,221 | 325 | 201.1% |
| Australia | 0.2 | 0.2 | 241 | 64.2 | 584.7% |
| Bhutan | 171 | 92.7 | 113 | 35.2 | -41.0% |
| Nepal | 39.9 | 71.3 | 99.8 | 26.6 | -12.6% |
| Uganda | 4.8 | 6.2 | 14.3 | 3.8 | -7.5% |
| Kenya | 19.1 | 1.9 | 6.5 | 2.6 | -48.6% |
| Sri Lanka | 17.2 | 0.9 | N/A | N/A | -94.8% |
| Netherlands | N/A | N/A | 131 | N/A | 0% |
| Others | 25.2 | 8.7 | 47.9 | 4.9 | -42.1% |
| Total | 289 | 318 | 1,875 | 463 | 17.0% |
Top Export Markets for Magnesium from India in 2022:
- United Arab Emirates (18.7 tons)
- Bhutan (7.3 tons)
- Australia (7.2 tons)
- Nepal (2.4 tons)
- Uganda (0.6 tons)
- Kenya (0.4 tons)
This report provides an in-depth analysis of the magnesium market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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