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Northern America - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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Northern America: Magnesite Market Overview 2021

Magnesite Market Size in Northern America

In 2020, the North American magnesite market increased by X% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption posted a strong increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Magnesite Production in Northern America

In value terms, magnesite production soared to $X in 2020 estimated in export prices. In general, production continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2009; however, from 2010 to 2020, production remained at a lower figure.

Production By Country in Northern America

The country with the largest volume of magnesite production was Canada (X tonnes), accounting for X% of total volume.

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

Magnesite Exports

Exports in Northern America

In 2020, exports of magnesite in Northern America fell notably to X tonnes, waning by -X% on 2019 figures. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, magnesite exports contracted notably to $X in 2020. In general, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, the U.S. (X tonnes) was the major exporter of magnesite in Northern America, constituting X% of total export.

The U.S. was also the fastest-growing in terms of the magnesite exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest magnesite supplier in Northern America.

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

Export Prices by Country

In 2020, the magnesite export price in Northern America amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per tonne in 2019, and then dropped sharply in the following year.

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

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

Magnesite Imports

Imports in Northern America

In 2020, purchases abroad of magnesite increased by X% to X tonnes, rising for the second year in a row after six years of decline. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is likely to continue growth in the immediate term.

In value terms, magnesite imports surged to $X in 2020. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2011 to 2020, the growth imports remained at a lower figure.

Imports by Country

The U.S. prevails in magnesite imports structure, finishing at X tonnes, which was near X% of total imports in 2020. It was distantly followed by Canada (X tonnes), making up a X% share of total imports.

The U.S. was also the fastest-growing in terms of the magnesite imports, with a CAGR of +X% from 2007 to 2020. Canada (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported magnesite in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., magnesite imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

The magnesite import price in Northern America stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in Northern America?
+
The country with the largest volume of magnesite consumption was the U.S. (24K tonnes), comprising approx. 94% of total volume. Moreover, magnesite consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (1.6K tonnes), more than tenfold.
What are the largest producers of magnesite in Northern America?
+
Canada (150 tonnes) constituted the country with the largest volume of magnesite production, comprising approx. 100% of total volume.
What are the leading suppliers of magnesite in Northern America?
+
In value terms, the U.S. ($938K) remains the largest magnesite supplier in Northern America.
What are the leading importers of magnesite in Northern America?
+
In value terms, the U.S. ($6.4M) constitutes the largest market for imported magnesite in Northern America, comprising 85% of total imports. The second position in the ranking was occupied by Canada ($1.1M), with a 15% share of total imports.
What is the average export price for magnesite in Northern America?
+
The magnesite export price in Northern America stood at $1,043 per tonne in 2020, waning by -24.9% against the previous year.
What is the average import price for magnesite in Northern America?
+
In 2020, the magnesite import price in Northern America amounted to $286 per tonne, surging by 3.7% against the previous year.

Product coverage:
• UNCode 16390-1 - Magnesite

This report provides an in-depth analysis of the magnesite market in Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• 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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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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