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

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Magnesite Market Size in Slovakia

The Slovak magnesite market shrank markedly to $X in 2020, declining by -X% against the previous year. Over the period under review, consumption faced a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Magnesite consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Magnesite Production in Slovakia

In value terms, magnesite production shrank slightly to $X in 2020 estimated in export prices. In general, production continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Magnesite Exports

Exports from Slovakia

In 2020, magnesite exports from Slovakia skyrocketed to X tonnes, increasing by X% on 2019 figures. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

In value terms, magnesite exports skyrocketed to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes) was the main destination for magnesite exports from Slovakia, with a X% share of total exports. Moreover, magnesite exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tonnes), threefold. Russia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+X% per year) and Russia (+X% per year).

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) appeared to be the largest markets for magnesite exported from Slovakia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Russia saw 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

In 2020, the average magnesite export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2013 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Magnesite Imports

Imports into Slovakia

After two years of decline, purchases abroad of magnesite increased by X% to X tonnes in 2020. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesite imports skyrocketed to $X in 2020. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Serbia (X tonnes) constituted the largest magnesite supplier to Slovakia, accounting for a X% share of total imports. Moreover, magnesite imports from Serbia exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), more than tenfold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and China (X% per year).

In value terms, the largest magnesite suppliers to Slovakia were Serbia ($X), Poland ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Poland 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, with an increase of X% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by X% year-to-year. As a result, import price reached 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.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, 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?
+
China (216K tonnes) constituted the country with the largest volume of magnesite consumption, 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 United Arab Emirates (37K tonnes) ranked third in terms of total consumption with a 6.1% share.
What are the largest producers of magnesite in the world?
+
China (277K tonnes) remains the largest magnesite producing country worldwide, comprising approx. 53% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey (62K tonnes), fourfold. The United Arab Emirates (39K tonnes) ranked third in terms of total production with a 7.5% share.
What are the leading suppliers of magnesite to Slovakia?
+
In value terms, the largest magnesite suppliers to Slovakia were Serbia ($177K), Poland ($108K) and China ($39K), with a combined 89% share of total imports.
What are the leading importers of magnesite from Slovakia?
+
In value terms, Poland ($459K), the Czech Republic ($271K) and Russia ($207K) constituted the largest markets for magnesite exported from Slovakia worldwide, together comprising 72% of total exports.
What is the average export price for magnesite in Slovakia?
+
In 2020, the average magnesite export price amounted to $84 per tonne, growing by 5.9% against the previous year.
What is the average import price for magnesite in Slovakia?
+
The average magnesite import price stood at $850 per tonne in 2020, picking up by 6.9% against the previous year.

Product coverage:
• UNCode 16390-1 - Magnesite

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

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

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