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Eastern Asia - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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Eastern Asia: Magnesite Market Overview 2021

Magnesite Market Size in Eastern Asia

In 2020, the East Asian magnesite market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Magnesite Production in Eastern Asia

In value terms, magnesite production amounted to $X in 2020 estimated in export prices. The total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

Production By Country in Eastern Asia

The country with the largest volume of magnesite production was China (X tonnes), comprising approx. X% of total volume. It was followed by Hong Kong SAR (X tonnes), with a X% share of total production.

In China, magnesite production remained relatively stable over the period from 2007-2020.

Magnesite Exports

Exports in Eastern Asia

Magnesite exports soared to X tonnes in 2020, with an increase of X% against the year before. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. from 2019 to 2020, the growth exports remained at a lower figure.

In value terms, magnesite exports reduced modestly to $X in 2020. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of magnesite, namely China, represented more than two-thirds of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of magnesite. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest magnesite supplier in Eastern Asia.

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at -X%.

Export Prices by Country

The magnesite export price in Eastern Asia stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

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

Magnesite Imports

Imports in Eastern Asia

In 2020, overseas purchases of magnesite increased by X% to X tonnes, rising for the second consecutive year after five years of decline. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesite imports soared to $X in 2020. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the major importer of magnesite in Eastern Asia, with the volume of imports reaching X tonnes, which was approx. X% of total imports in 2020. It was distantly followed by China (X tonnes) and South Korea (X tonnes), together creating a X% share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2007 to 2020. At the same time, China (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. China (+X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported magnesite in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in Japan amounted to +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The magnesite import price in Eastern Asia stood at $X per tonne in 2020, shrinking by -X% against the previous year. Import price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, magnesite import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in Eastern Asia?
+
China (205K tonnes) remains the largest magnesite consuming country in Eastern Asia, accounting for 84% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, Japan (25K tonnes), eightfold.
What are the largest producers of magnesite in Eastern Asia?
+
China (391K tonnes) remains the largest magnesite producing country in Eastern Asia, accounting for 97% of total volume. It was followed by Hong Kong SAR (10K tonnes), with a 2.5% share of total production.
What are the leading suppliers of magnesite in Eastern Asia?
+
In value terms, China ($10M) remains the largest magnesite supplier in Eastern Asia.
What are the leading importers of magnesite in Eastern Asia?
+
In value terms, Japan ($9.5M) constitutes the largest market for imported magnesite in Eastern Asia, comprising 87% of total imports. The second position in the ranking was occupied by China ($869K), with a 8% share of total imports.
What is the average export price for magnesite in Eastern Asia?
+
The magnesite export price in Eastern Asia stood at $54 per tonne in 2020, shrinking by -37.9% against the previous year.
What is the average import price for magnesite in Eastern Asia?
+
The magnesite import price in Eastern Asia stood at $328 per tonne in 2020, with a decrease of -28.4% against the previous year.

Product coverage:
• UNCode 16390-1 - Magnesite

This report provides an in-depth analysis of the magnesite market in Eastern Asia. 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 2025.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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