Price for Magnesium; Waste and Scrap in the United Arab Emirates - 2021
Contents:
- Price for Magnesium; Waste and Scrap in the United Arab Emirates (FOB) - 2022
- Price for Magnesium; Waste and Scrap in the United Arab Emirates (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in the United Arab Emirates
- Imports of Magnesium; Waste and Scrap in the United Arab Emirates
Price for Magnesium; Waste and Scrap in the United Arab Emirates (FOB) - 2022
In 2022, the average magnesium; waste and scrap export price amounted to $1,516 per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. The export price peaked at $1,824 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,678 per ton), while the average price for exports to Oman ($95 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Magnesium; Waste and Scrap in the United Arab Emirates (CIF) - 2022
In 2022, the average magnesium; waste and scrap import price amounted to $2,836 per ton, remaining constant against the previous year. Over the period under review, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2019 an increase of 30%. The import price peaked at $3,317 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($2,802 per ton), while the price for Tanzania amounted to $1,937 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Magnesium; Waste and Scrap in the United Arab Emirates
After three years of growth, overseas shipments of magnesium; waste and scraps decreased by -22.8% to 305 tons in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 306% against the previous year.
In value terms, magnesium; waste and scrap exports declined dramatically to $462K in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 223%.
| Export of Magnesium; Waste and Scrap in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 76.2 | 222 | 191.3% |
| India | 28.5 | 61.6 | 44.9 | 30.6 | 2.4% |
| Netherlands | 11.7 | 40.9 | 40.4 | 28.0 | 33.8% |
| Ukraine | 29.7 | 46.8 | 18.7 | 21.1 | -10.8% |
| Oman | 0.9 | 1.9 | 1.3 | 0.9 | 0.0% |
| South Korea | N/A | 117 | 15.1 | N/A | -87.1% |
| Czech Republic | N/A | N/A | 127 | N/A | 0% |
| Brazil | 18.8 | 75.1 | 78.3 | N/A | 104.1% |
| Others | 16.7 | N/A | 179 | 159 | 111.9% |
| Total | 106 | 343 | 580 | 462 | 63.3% |
Top Export Markets for Magnesium; Waste and Scrap from the United Arab Emirates in 2022:
- India (83.1 tons)
- United States (83.0 tons)
- Ukraine (26.6 tons)
- Netherlands (21.3 tons)
- Oman (9.2 tons)
Imports of Magnesium; Waste and Scrap in the United Arab Emirates
In 2022, overseas purchases of magnesium; waste and scraps decreased by -46.1% to 31 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,184% against the previous year. As a result, imports reached the peak of 58 tons, and then dropped rapidly in the following year.
In value terms, magnesium; waste and scrap imports fell sharply to $89K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,291% against the previous year. As a result, imports attained the peak of $166K, and then fell dramatically in the following year.
| Import of Magnesium; Waste and Scrap in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | 165 | 87.6 | -46.9% |
| Tanzania | 3.7 | 12.0 | 0.7 | N/A | -56.5% |
| China | 3.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.8 | 1.5 | 87.5% |
| Total | 7.2 | 12.0 | 166 | 89.2 | 131.4% |
Top Suppliers of Magnesium; Waste and Scrap to the United Arab Emirates in 2022:
- Tanzania (undefined tons)
- New Zealand (31.3 tons)
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