Eastern Europe: Magnesium Market 2024

Magnesium Market Size in Eastern Europe

The East European magnesium market soared to $X in 2022, jumping by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Magnesium Production in Eastern Europe

In value terms, magnesium production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Magnesium Exports

Exports in Eastern Europe

In 2022, shipments abroad of magnesium increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, magnesium exports surged to $X in 2022. Overall, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic was the largest exporter of magnesium in Eastern Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%) and Romania (X%). Poland (X tons) took a little share of total exports.

Exports from the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Russia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. While the share of the Czech Republic (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Hungary ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Magnesium Imports

Imports in Eastern Europe

In 2022, magnesium imports in Eastern Europe skyrocketed to X tons, picking up by X% against 2021. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports soared to $X in 2022. In general, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X tons) and the Czech Republic (X tons) represented the largest importers of magnesium in Eastern Europe, together comprising X% of total imports. Poland (X tons) held the next position in the ranking, followed by Russia (X tons). All these countries together held near X% share of total imports. Hungary (X tons) and Bulgaria (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest magnesium importing markets in Eastern Europe were Romania ($X), the Czech Republic ($X) and Poland ($X), together accounting for X% of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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