Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (CIF) - 2023
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (CIF) - 2023
The average import price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $6,380 per ton in December 2023, shrinking by -29.2% against the previous month. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 93% against the previous month. Over the period under review, average import prices hit record highs at $12,167 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for Turkey amounted to +11.8% per month.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (FOB) - 2022
The average export price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $16,920 per ton in 2022, picking up by 87% against the previous year. Over the period under review, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($19,535 per ton), while the average price for exports to Malta ($11,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy
In 2022, supplies from abroad of magnesium; raspings, turnings and granules, graded according to size, powderses decreased by -43.3% to 152 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 6.7%. As a result, imports attained the peak of 345 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses rose significantly to $1.7M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 146 | 465 | 364 | 514 | 52.1% |
| Austria | 198 | 210 | 425 | 469 | 33.3% |
| China | 39.9 | 40.4 | 37.7 | 284 | 92.4% |
| Turkey | 665 | 475 | 529 | 138 | -40.8% |
| Switzerland | N/A | N/A | N/A | 110 | 0% |
| Slovenia | 0.1 | 1.6 | 17.1 | 79.7 | 827.2% |
| France | 224 | 178 | 45.9 | 19.4 | -55.8% |
| Netherlands | 69.2 | 32.6 | 42.4 | N/A | -21.7% |
| Others | 18.7 | 10.5 | 68.5 | 48.5 | 37.4% |
| Total | 1,362 | 1,413 | 1,530 | 1,662 | 6.9% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Italy in 2022:
- Austria (43.6 tons)
- Germany (41.8 tons)
- China (25.9 tons)
- Turkey (16.4 tons)
- Switzerland (12.5 tons)
- Slovenia (5.6 tons)
- France (2.2 tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy
In 2022, overseas shipments of magnesium; raspings, turnings and granules, graded according to size, powderses were finally on the rise to reach 23 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep downturn.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses surged to $385K in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.4 | 7.9 | 39.6 | 168 | 236.7% |
| Sweden | 45.4 | 83.4 | 56.4 | 157 | 51.2% |
| Greece | 22.4 | 2.3 | 6.0 | 31.5 | 12.0% |
| Malta | 20.3 | 3.9 | 4.3 | 12.4 | -15.2% |
| Germany | N/A | 1.9 | 9.9 | 4.9 | 60.6% |
| Switzerland | 6.8 | 8.1 | 43.8 | 2.2 | -31.4% |
| Slovenia | 16.6 | 10.3 | 24.1 | N/A | 20.5% |
| Turkey | 8.2 | 7.4 | 7.2 | N/A | -6.3% |
| Others | 47.2 | 20.9 | N/A | 9.0 | -42.4% |
| Total | 171 | 146 | 191 | 385 | 31.1% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from Italy in 2022:
- Spain (10.0 tons)
- Sweden (8.1 tons)
- Greece (2.4 tons)
- Malta (1.1 tons)
- Germany (0.4 tons)
- Switzerland (0.1 tons)
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