Latest Report Update: May 28, 2021

Ireland - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Ireland: Magnesite Market Overview 2021

Webinar: Global Coal Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global сoal market.

Thursday, July 15th, 2021 @ 10:00 am ET

Register Now

Magnesite Market Size in Ireland

In 2020, the Irish magnesite market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption saw a pronounced increase. The growth pace was the most rapid in 2015 when the market value increased by X% against the previous year. Magnesite consumption peaked in 2020 and is expected to retain growth in the immediate term.

Magnesite Production in Ireland

In value terms, magnesite production expanded notably to $X in 2020 estimated in export prices. Overall, the total production indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Magnesite Exports

Exports from Ireland

In 2020, shipments abroad of magnesite decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, magnesite exports contracted sharply to $X in 2020. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for magnesite exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to India stood at -X%.

In value terms, India ($X) also remains the key foreign market for magnesite exports from Ireland.

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

Export Prices by Country

The average magnesite export price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2019, and then declined rapidly in the following year.

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

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

Magnesite Imports

Imports into Ireland

In 2020, magnesite imports into Ireland expanded notably to X tonnes, surging by X% compared with the previous year. In general, imports, however, saw a slight setback. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, magnesite imports declined to $X in 2020. Overall, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of magnesite to Ireland, accounting for a X% share of total imports. Moreover, magnesite imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the UK (-X% per year).

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) constituted the largest magnesite suppliers to Ireland, together comprising X% of total imports. Austria lagged somewhat behind, comprising a further X the main suppliers, Austria recorded the highest growth rate of 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 2020, the average magnesite import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, import price indicated a perceptible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, magnesite import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced more modest paces of growth.

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?
+
The country with the largest volume of magnesite production was China (277K tonnes), 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 third position in this ranking was occupied by the United Arab Emirates (39K tonnes), with a 7.5% share.
What are the leading suppliers of magnesite to Ireland?
+
In value terms, the largest magnesite suppliers to Ireland were Germany ($1.6M), the Netherlands ($1.1M) and the UK ($74K), with a combined 98% share of total imports. Austria lagged somewhat behind, comprising a further 1.8%.
What are the leading importers of magnesite from Ireland?
+
In value terms, India ($292K) remains the key foreign market for magnesite exports from Ireland.
What is the average export price for magnesite in Ireland?
+
In 2020, the average magnesite export price amounted to $576 per tonne, waning by -48.5% against the previous year.
What is the average import price for magnesite in Ireland?
+
In 2020, the average magnesite import price amounted to $518 per tonne, which is down by -16.3% against the previous year.

Product coverage:
• UNCode 16390-1 - Magnesite

This report provides an in-depth analysis of the magnesite market in Ireland. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 10:00 am ET


Register

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 10:00 am ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data