Price for Magnesium; Waste and Scrap in Italy - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Italy (FOB) - 2022
- Price for Magnesium; Waste and Scrap in Italy (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in Italy
- Imports of Magnesium; Waste and Scrap in Italy
Price for Magnesium; Waste and Scrap in Italy (FOB) - 2022
The average magnesium; waste and scrap export price stood at $2,036 per ton in 2022, surging by 4% against the previous year. In general, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,193 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($2,374 per ton), while the average price for exports to Germany ($707 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 Slovenia (+27.1%), while the prices for the other major destinations experienced a decline.
Price for Magnesium; Waste and Scrap in Italy (CIF) - 2022
The average magnesium; waste and scrap import price stood at $3,238 per ton in 2022, with an increase of 18% against the previous year. In general, the import price saw a modest expansion. The pace of growth was the most pronounced in 2021 an increase of 58%. Over the period under review, average import prices attained the peak figure at $3,498 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($4,449 per ton), while the price for Hungary ($54 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Magnesium; Waste and Scrap in Italy
In 2022, approx. 783 tons of magnesium; waste and scraps were exported from Italy; which is down by -12.2% against the previous year. Over the period under review, exports faced a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 344%.
In value terms, magnesium; waste and scrap exports shrank to $1.6M in 2022. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2021 with an increase of 800% against the previous year.
| Export of Magnesium; Waste and Scrap in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 3,197 | N/A | 1,363 | 1,295 | -26.0% |
| Austria | 82.5 | 28.7 | 79.9 | 222 | 39.1% |
| Germany | 38.1 | 48.3 | 54.9 | 69.4 | 22.1% |
| United States | 24.6 | 92.7 | 124 | N/A | 124.5% |
| Brazil | 27.4 | N/A | 49.2 | N/A | 34.0% |
| Others | 20.5 | 24.3 | 75.1 | 7.8 | -27.5% |
| Total | 3,390 | 194 | 1,746 | 1,594 | -22.2% |
Top Export Markets for Magnesium; Waste and Scrap from Italy in 2022:
- Serbia (545.5 tons)
- Austria (135.5 tons)
- Germany (98.2 tons)
Imports of Magnesium; Waste and Scrap in Italy
In 2022, after three years of growth, there was significant decline in supplies from abroad of magnesium; waste and scraps, when their volume decreased by -17.4% to 147 tons. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 210% against the previous year. As a result, imports reached the peak of 178 tons, and then contracted markedly in the following year.
In value terms, magnesium; waste and scrap imports dropped modestly to $477K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 390%. As a result, imports reached the peak of $490K, and then fell modestly in the following year.
| Import of Magnesium; Waste and Scrap in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 31.6 | 45.4 | 287 | 349 | 122.7% |
| Switzerland | 22.0 | 13.7 | 29.8 | 126 | 78.9% |
| Hungary | N/A | N/A | 3.1 | 1.5 | -51.6% |
| Germany | 18.9 | 41.0 | 9.9 | N/A | -27.6% |
| Others | N/A | N/A | 160 | N/A | 0% |
| Total | 72.4 | 100 | 490 | 477 | 87.5% |
Top Suppliers of Magnesium; Waste and Scrap to Italy in 2022:
- Spain (90.6 tons)
- Switzerland (28.4 tons)
- Hungary (28.3 tons)
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