Romania - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

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

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Magnesium Price in Romania - 2023

Contents:

  1. Magnesium Price in Romania (CIF) - 2023
  2. Magnesium Price in Romania (FOB) - 2023
  3. Magnesium Imports in Romania
  4. Magnesium Exports in Romania

Magnesium Price in Romania (CIF) - 2023

The average magnesium import price stood at $4,947 per ton in August 2023, waning by -3.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 26% m-o-m. As a result, import price reached the peak level of $5,481 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($11,444 per ton), while the price for China ($3,863 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Magnesium Price in Romania (FOB) - 2023

In July 2023, the average magnesium export price amounted to $3,895 per ton, growing by 5.7% against the previous month. Overall, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in June 2023 an increase of 13% month-to-month. The export price peaked at $4,748 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From July 2022 to July 2023, the rate of growth in terms of prices for Hungary amounted to 0.0% per month.

Magnesium Imports in Romania

In 2022, the amount of magnesium imported into Romania skyrocketed to 35K tons, increasing by 154% against the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports soared to $100M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Magnesium in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17.69.918.467.656.6%
Czech Republic0.1N/A3.511.5386.3%
Germany10.01.31.29.5-1.7%
Netherlands0.60.62.08.3140.1%
Slovenia1.11.01.01.817.8%
Croatia0.90.91.40.8-3.9%
Austria2.97.09.10.4-48.3%
Others0.80.73.00.4-20.6%
Total33.921.439.610043.4%

Top Suppliers of Magnesium to Romania in 2022:

  1. China (23.9K tons)
  2. Germany (4.5K tons)
  3. Czech Republic (3.4K tons)
  4. Netherlands (2.5K tons)
  5. Slovenia (0.4K tons)
  6. Croatia (0.2K tons)
  7. Austria (0.1K tons)

Magnesium Exports in Romania

Magnesium exports from Romania soared to 2.2K tons in 2022, growing by 104% on 2021 figures. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 4,811% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, magnesium exports skyrocketed to $10M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 5,552%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Magnesium in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech RepublicN/AN/A2.910.1248.3%
China0.3N/AN/AN/A0%
Germany0.4N/AN/AN/A0%
Serbia0.10.10.1N/A0.0%
Others0.1N/A0.2N/A41.4%
Total0.90.13.310.1123.9%

Top Export Markets for Magnesium from Romania in 2022:

  1. Czech Republic (2131.4 tons)
  2. Germany (17.3 tons)

Source: IndexBox Market Intelligence Platform

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

    • Romania

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Romania
    • 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:

    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. 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. 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. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 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. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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