Denmark: Magnesite Market Overview 2021

Magnesite Market Size in Denmark

In 2019, the Danish magnesite market decreased by -X% to $X, falling for the fifth consecutive year after six years of growth. Overall, consumption saw a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Magnesite Production in Denmark

In value terms, magnesite production fell significantly to $X in 2020 estimated in export prices. In general, production faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Magnesite production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Magnesite Exports

Exports from Denmark

In 2020, shipments abroad of magnesite decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, magnesite exports fell notably to $X in 2020. Overall, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes), Norway (X tonnes) and the U.S. (X tonnes) were the main destinations of magnesite exports from Denmark, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in the U.S. (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the key foreign market for magnesite exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Slovakia (+X% per year).

Export Prices by Country

The average magnesite export price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced a decline.

Magnesite Imports

Imports into Denmark

In 2020, the amount of magnesite imported into Denmark reduced to X tonnes, which is down by -X% on 2019. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, magnesite imports surged to $X in 2020. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, France (X tonnes) was the main supplier of magnesite to Denmark, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from France amounted to -X%.

In value terms, France ($X) constituted the largest supplier of magnesite to Denmark.

From 2007 to 2020, the average annual rate of growth in terms of value from France amounted to +X%.

Import Prices by Country

The average magnesite import price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the import price saw significant growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2007 to 2020, the rate of growth in terms of prices for France amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

+

The country with the largest volume of magnesite consumption was China (216K tonnes), comprising approx. 35% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India (55K tonnes), fourfold. The third position in this ranking was occupied by the United Arab Emirates (37K tonnes), with a 6.1% share.

What are the largest producers of magnesite in the world?

+

China (277K tonnes) remains the largest magnesite producing country worldwide, accounting for 53% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey (62K tonnes), fourfold. The United Arab Emirates (39K tonnes) ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of magnesite to Denmark?

+

In value terms, France ($13K) constituted the largest supplier of magnesite to Denmark.

What are the leading importers of magnesite from Denmark?

+

In value terms, the U.S. ($3K) emerged as the key foreign market for magnesite exports from Denmark, comprising 52% of total exports. The second position in the ranking was occupied by the Netherlands ($1.1K), with a 19% share of total exports. It was followed by Slovakia, with a 3.2% share.

What is the average export price for magnesite in Denmark?

+

In 2020, the average magnesite export price amounted to $203 per tonne, waning by -10.7% against the previous year.

What is the average import price for magnesite in Denmark?

+

In 2020, the average magnesite import price amounted to $2,692 per tonne, rising by 79% against the previous year.