EU: Magnesium Market 2024

Magnesium Market Size in the EU

The EU magnesium market surged to $X in 2022, picking up by X% against the previous year. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Magnesium Production in the EU

In value terms, magnesium production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Magnesium Exports

Exports in the EU

In 2022, overseas shipments of magnesium increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

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

Exports by Country

The Netherlands was the key exporter of magnesium in the European Union, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. The Czech Republic (X tons) held the second position in the ranking, followed by Germany (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. Hungary (X tons), Croatia (X tons) and Slovenia (X tons) held a little share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Croatia (X%), the Czech Republic (X%), Slovenia (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Croatia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.), Belgium (X p.p.), Hungary (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest magnesium supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In the Netherlands, magnesium exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price 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, magnesium export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Croatia ($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 the EU

In 2022, supplies from abroad of magnesium increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. Romania (X tons) held the next position in the ranking, followed by the Czech Republic (X tons). All these countries together held approx. X% share of total imports. Italy (X tons), Spain (X tons), Austria (X tons), Poland (X tons), France (X tons), Croatia (X tons), Greece (X tons) and Belgium (X tons) followed a long way behind the leaders.

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

In value terms, the Netherlands ($X) constitutes the largest market for imported magnesium in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price 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, magnesium import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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