Price for Magnesium; Waste and Scrap in Germany - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Germany (FOB) - 2023
- Price for Magnesium; Waste and Scrap in Germany (CIF) - 2023
- Exports of Magnesium; Waste and Scrap in Germany
- Imports of Magnesium; Waste and Scrap in Germany
Price for Magnesium; Waste and Scrap in Germany (FOB) - 2023
The average magnesium; waste and scrap export price stood at $1,623 per ton in August 2023, increasing by 29% against the previous month. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $1,716 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($2,902 per ton), while the average price for exports to Austria ($1,374 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Magnesium; Waste and Scrap in Germany (CIF) - 2023
In August 2023, the average magnesium; waste and scrap import price amounted to $2,235 per ton, jumping by 50% against the previous month. In general, import price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, magnesium; waste and scrap import price increased by +50.2% against July 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 69% against the previous month. The import price peaked at $2,741 per ton in September 2022; however, from October 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($3,133 per ton), while the price for Austria ($1,235 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 Switzerland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Magnesium; Waste and Scrap in Germany
In 2022, overseas shipments of magnesium; waste and scraps were finally on the rise to reach 2.9K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt decline.
In value terms, magnesium; waste and scrap exports expanded significantly to $5.1M in 2022. Over the period under review, exports, however, recorded a drastic downturn.
| Export of Magnesium; Waste and Scrap in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 2,565 | 448 | 371 | 1,148 | -23.5% |
| Czech Republic | 1,820 | 1,538 | 1,643 | 1,126 | -14.8% |
| Hungary | 997 | 721 | 869 | 727 | -10.0% |
| Brazil | 174 | 310 | 561 | 510 | 43.1% |
| Netherlands | 90.3 | 97.6 | 430 | 507 | 77.7% |
| United States | 641 | 408 | 178 | 485 | -8.9% |
| Austria | 376 | 725 | 437 | 330 | -4.3% |
| Others | 214 | 169 | 126 | 279 | 9.2% |
| Total | 6,877 | 4,417 | 4,615 | 5,112 | -9.4% |
Top Export Markets for Magnesium; Waste and Scrap from Germany in 2022:
- Czech Republic (826.1 tons)
- United States (513.7 tons)
- Romania (453.4 tons)
- Netherlands (418.4 tons)
- Hungary (278.2 tons)
- Brazil (191.5 tons)
- Austria (99.0 tons)
Imports of Magnesium; Waste and Scrap in Germany
In 2022, overseas purchases of magnesium; waste and scraps increased by 172% to 4.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced decline.
In value terms, magnesium; waste and scrap imports soared to $10M in 2022. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Waste and Scrap in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 49.3 | 462 | 564 | 2,375 | 263.9% |
| Netherlands | 93.9 | 245 | 35.9 | 2,165 | 184.6% |
| France | N/A | 8.3 | N/A | 2,046 | 1470.1% |
| Sweden | 426 | 558 | 751 | 1,526 | 53.0% |
| Czech Republic | 1,897 | 1,495 | 1,287 | 708 | -28.0% |
| Romania | 25.4 | 1.1 | 1.7 | 415 | 153.7% |
| Switzerland | 2,225 | 1,577 | 129 | 195 | -55.6% |
| United Kingdom | 1,075 | N/A | N/A | 17.7 | -74.6% |
| Nigeria | 185 | 18.2 | 7.5 | 13.7 | -58.0% |
| Others | 339 | 612 | 476 | 704 | 27.6% |
| Total | 6,316 | 4,976 | 3,253 | 10,166 | 17.2% |
Top Suppliers of Magnesium; Waste and Scrap to Germany in 2022:
- Netherlands (1090.2 tons)
- Sweden (843.3 tons)
- Romania (593.6 tons)
- Spain (425.9 tons)
- France (404.8 tons)
- Czech Republic (284.2 tons)
- Switzerland (132.9 tons)
- United Kingdom (9.5 tons)
- Nigeria (9.3 tons)
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