Report World - Magnesium - Market Analysis, Forecast, Size, Trends and Insights for 499$
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World - Magnesium - Market Analysis, Forecast, Size, Trends and Insights
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Global Magnesium Market 2022

Magnesium Market Size

The global magnesium market totaled $X in 2021, growing by 10% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Magnesium Production

In value terms, magnesium production stood at $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20%. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Magnesium Exports

Exports

Global magnesium exports surged to X tons in 2021, rising by 27% on the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium exports soared to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of magnesium in the world, with the volume of exports accounting for X tons, which was approx. 70% of total exports in 2021. The Netherlands (X tons) ranks second in terms of the total exports with a 12% share, followed by Israel (2.5%). Israel (X tons), the United States (X tons), the Czech Republic (X tons), Germany (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to magnesium exports from China stood at +4.6%. At the same time, the Netherlands (+32.0%) and the Czech Republic (+5.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.0% from 2012-2021. By contrast, Germany (-5.2%), Austria (-6.4%), the United States (-6.8%) and Israel (-8.6%) illustrated a downward trend over the same period. The Netherlands (+11 p.p.) significantly strengthened its position in terms of the global exports, while Austria, Germany, the United States and Israel saw its share reduced by -1.7%, -1.8%, -2.6% and -5.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest magnesium supplier worldwide, comprising 71% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 9.7% share of global exports. It was followed by Israel, with a 3.7% share.

In China, magnesium exports expanded at an average annual rate of +7.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+30.2% per year) and Israel (-5.0% per year).

Export Prices by Country

In 2021, the average magnesium export price amounted to $X per ton, jumping by 50% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, the export price reached 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 2021, the country with the highest price was Israel ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.9%), while the other global leaders experienced more modest paces of growth.

Magnesium Imports

Imports

For the third year in a row, the global market recorded growth in overseas purchases of magnesium, which increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports surged to $X in 2021. In general, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), the Netherlands (X tons), the United States (X tons), Germany (X tons), South Korea (X tons) and Canada (X tons) represented the key importer of magnesium in the world, constituting 48% of total import. Norway (X tons), India (X tons), Austria (X tons), Taiwan (Chinese) (X tons), the UK (X tons), Romania (X tons), the United Arab Emirates (X tons), Mexico (X tons), South Korea (X tons), Italy (X tons) and France (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +30.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest magnesium importing markets worldwide were the Netherlands ($X), Canada ($X) and Japan ($X), together comprising 30% of global imports.

The Netherlands, with a CAGR of +29.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, with an increase of 34% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesium in the world?
+
China constituted the country with the largest volume of magnesium consumption, accounting for 51% of total volume. Moreover, magnesium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, eightfold. The third position in this ranking was held by Canada, with a 4.5% share.
What are the largest producers of magnesium in the world?
+
China remains the largest magnesium producing country worldwide, comprising approx. 84% of total volume. Moreover, magnesium production in China exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. Kazakhstan ranked third in terms of total production with a 2% share.
What are the leading exporters of magnesium in the world?
+
In value terms, China remains the largest magnesium supplier worldwide, comprising 71% of global exports. The second position in the ranking was held by the Netherlands, with a 9.7% share of global exports. It was followed by Israel, with a 3.7% share.
What are the leading importers of magnesium in the world?
+
In value terms, the Netherlands, Canada and Japan appeared to be the countries with the highest levels of imports in 2021, with a combined 30% share of global imports.
What is the average export price for magnesium in the world?
+
In 2021, the average magnesium export price amounted to $3,863 per ton, growing by 50% against the previous year.
What is the average import price for magnesium in the world?
+
The average magnesium import price stood at $3,441 per ton in 2021, rising by 34% against the previous year.

This report provides an in-depth analysis of the global magnesium market. 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 2030.


Product coverage:

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Advanced Magnesium Alloys Corp. (Anderson, IN), MagPro LLC, Meridian Magnesium Products Co., Nevada Clean Magnesium Inc., Latrobe Magnesium Ltd., Alliance Magnesium Inc., West High Yield Resources Inc., Mag One Products Inc., Drinkard Metalox Inc., Century Sunshine Group Holdings Ltd., Qinghai Salt Lake Magnesium Co. Ltd., Esan Eczacıbası Endustriyel Hammaddeler San. ve Tic. A.S, Magnesium Elektron Ltd., Allite Inc., Belmont Metals Inc., CRS Chemicals (a division of C.R. Supply Co.), ProChem Inc., Chemical Store Inc., EdgeTech Industries LLC, Optima Chemical Group LLC, Magnesium Products Inc

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
REPORT DESCRIPTION
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 PRODUCT

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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
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, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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