Malaysia: Magnesium Market 2022

Magnesium Exports

Exports from Malaysia

Magnesium exports from Malaysia skyrocketed to X tonnes in 2021, rising by X% against the previous year. In general, exports continue to indicate a measured expansion. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, magnesium exports surged to $X in 2021. Over the period under review, exports saw mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tonnes) was the main destination for magnesium exports from Malaysia, accounting for a X% share of total exports. Moreover, magnesium exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tonnes), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Singapore (+X% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and the United States (+X% per year).

Export Prices by Country

The average magnesium export price stood at $X per tonne in 2021, which is down by -X% against the previous year. Overall, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne, and then fell notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Magnesium Imports

Imports into Malaysia

In 2021, imports of magnesium into Malaysia soared to X tonnes, rising by X% compared with the previous year. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports surged to $X in 2021. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tonnes) was the main supplier of magnesium to Malaysia, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of magnesium to Malaysia.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

In 2021, the average magnesium import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Platform