Report Update Apr 28, 2024

World - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Global Magnesite Market 2024

Magnesite Market Size

The global magnesite market declined to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, showed a mild slump. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the global market remained at a somewhat lower figure.

Magnesite Production

In value terms, magnesite production fell to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, global production growth remained at a lower figure.

Magnesite Exports

Exports

In 2023, global magnesite exports surged to X tons, increasing by X% on the previous year. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The global exports peaked in 2023 and are likely to continue growth in the near future.

In value terms, magnesite exports rose notably to $X in 2023. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The global exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. The following exporters - Slovakia (X tons), Turkey (X tons) and Spain (X tons) - each reached a X% share of total exports.

China was also the fastest-growing in terms of the magnesite exports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%), Slovakia (X%) and Turkey (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest magnesite supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Spain ($X), with a X% share of global exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the average magnesite export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price faced a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced mixed trends in the export price figures.

Magnesite Imports

Imports

Global magnesite imports declined dramatically to X tons in 2023, reducing by X% on 2022. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, magnesite imports shrank to $X in 2023. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of global imports failed to regain momentum.

Imports by Country

Japan prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. India (X tons), the Philippines (X tons), Poland (X tons), Russia (X tons), Greece (X tons), Italy (X tons), Ecuador (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the magnesite imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Russia (X%), Poland (X%), India (X%), Ecuador (X%) and Greece (X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, the Philippines, Russia, Poland and India increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported magnesite worldwide, comprising X% of global imports. The second position in the ranking was held by Italy ($X), with a X% share of global imports. It was followed by Ecuador, with a X% share.

In Japan, magnesite imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2023, the average magnesite import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. Global import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ecuador ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the global magnesite 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:

UNCode 16390-1 - Magnesite

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023