Russian Federation - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesium Price in Russia - 2022
Contents:
- Magnesium Price in Russia (CIF) - 2022
- Magnesium Price in Russia (FOB) - 2022
- Magnesium Imports in Russia
- Magnesium Exports in Russia
Magnesium Price in Russia (CIF) - 2022
The average magnesium import price stood at $8,202 per ton in January 2022, surging by 8.4% against the previous month. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in December 2021 an increase of 135% against the previous month. The import price peaked in January 2022.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Turkey ($12,074 per ton), while the price for China stood at $7,172 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%).
Magnesium Price in Russia (FOB) - 2022
In January 2022, the average magnesium export price amounted to $8,627 per ton, surging by 23% against the previous month. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in October 2021 an increase of 46% against the previous month. The export price peaked in January 2022.
Average prices varied noticeably for the major foreign markets. In January 2022, the country with the highest price was Kazakhstan ($9,100 per ton), while the average price for exports to the Netherlands ($7,871 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Magnesium Imports in Russia
In 2022, after three years of growth, there was decline in overseas purchases of magnesium, when their volume decreased by -3.5% to 9K tons. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28%.
In value terms, magnesium imports dropped markedly to $28M in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $37M, and then reduced remarkably in the following year.
| Import of Magnesium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 19.4 | 36.5 | 19.4 | 3.9% |
| Turkey | N/A | N/A | N/A | 8.7 | 0% |
| Others | 1.1 | 0.2 | N/A | N/A | -81.8% |
| Total | 18.4 | 19.6 | 36.5 | 28.1 | 15.2% |
Top Suppliers of Magnesium to Russia in 2022:
- China (7.1K tons)
- Turkey (1.9K tons)
Magnesium Exports in Russia
In 2022, the amount of magnesium exported from Russia rose rapidly to 6.3K tons, growing by 7.5% on the previous year's figure. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, the exports reached the peak of 6.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, magnesium exports reduced to $24M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year.
| Export of Magnesium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.7 | 18.8 | 16.6 | 17.0 | 25.0% |
| Netherlands | 3.0 | 1.0 | 1.4 | 4.2 | 11.9% |
| Kazakhstan | 1.0 | 2.0 | 2.3 | 2.2 | 30.1% |
| Others | 1.4 | 1.9 | 4.5 | 0.7 | -20.6% |
| Total | 14.1 | 23.6 | 24.8 | 24.2 | 19.7% |
Top Export Markets for Magnesium from Russia in 2022:
- United States (4.4K tons)
- Netherlands (1.2K tons)
- Kazakhstan (0.5K tons)
This report provides an in-depth analysis of the magnesium market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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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