Saudi Arabia - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesium Price in Saudi Arabia - 2021
Contents:
- Magnesium Price in Saudi Arabia (CIF) - 2022
- Magnesium Price in Saudi Arabia (FOB) - 2022
- Magnesium Imports in Saudi Arabia
- Magnesium Exports in Saudi Arabia
Magnesium Price in Saudi Arabia (CIF) - 2022
In 2022, the average magnesium import price amounted to $3,509 per ton, dropping by -22.7% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 96% against the previous year. As a result, import price attained the peak level of $4,540 per ton, and then shrank significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,692 per ton), while the price for the Netherlands amounted to $1,911 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%).
Magnesium Price in Saudi Arabia (FOB) - 2022
Saudi Arabia has no trade partners to describe.
Magnesium Imports in Saudi Arabia
In 2022, the amount of magnesium imported into Saudi Arabia dropped to 5.9K tons, declining by -6.6% on the previous year's figure. Over the period under review, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of 6.4K tons, and then dropped in the following year.
In value terms, magnesium imports declined notably to $21M in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 126% against the previous year. As a result, imports attained the peak of $29M, and then dropped notably in the following year.
| Import of Magnesium in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 12.7 | 28.8 | 19.6 | 4.0% |
| Netherlands | N/A | N/A | N/A | 1.2 | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 17.4 | 12.8 | 28.9 | 20.8 | 6.1% |
Top Suppliers of Magnesium to Saudi Arabia in 2022:
- China (5.3K tons)
- Netherlands (0.6K tons)
Magnesium Exports in Saudi Arabia
In 2022, the amount of magnesium exported from Saudi Arabia soared to 3.3 tons, growing by 38% compared with the previous year's figure. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 175% against the previous year. As a result, the exports reached the peak of 4.2 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, magnesium exports surged to $7.6K in 2022. In general, exports, however, showed a abrupt decrease.
| Export of Magnesium in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | N/A | 4.6 | N/A | 0% | |
| Pakistan | 10.7 | N/A | N/A | 0% | |
| Others | N/A | N/A | 7.6 | 0% | |
| Total | 10.7 | 4.6 | 7.6 | -15.7% | |
Top Export Markets for Magnesium from Saudi Arabia in 2022:
This report provides an in-depth analysis of the magnesium market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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
-
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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