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Turkey - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesite Price in Turkey - 2023
Contents:
- Magnesite Price in Turkey (FOB) - 2023
- Magnesite Price in Turkey (CIF) - 2022
- Magnesite Exports in Turkey
- Magnesite Imports in Turkey
Magnesite Price in Turkey (FOB) - 2023
In July 2023, the average magnesite export price amounted to $108 per ton, declining by -47.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 102% m-o-m. As a result, the export price attained the peak level of $204 per ton, and then dropped sharply in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Spain ($210 per ton), while the average price for exports to Greece ($79.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Magnesite Price in Turkey (CIF) - 2022
In 2022, the average magnesite import price amounted to $554 per ton, dropping by -59.3% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 140%. The import price peaked at $1,387 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,300 per ton), while the price for Spain ($507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+908.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Magnesite Exports in Turkey
In 2022, approx. 47K tons of magnesite were exported from Turkey; waning by -45% against the year before. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports attained the peak of 86K tons, and then declined dramatically in the following year.
In value terms, magnesite exports contracted rapidly to $4.6M in 2022. Over the period under review, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $6.7M, and then declined remarkably in the following year.
Export of Magnesite in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 1,763 | 1,779 | 3,478 | 1,613 | -2.9% |
Spain | 481 | 512 | 882 | 825 | 19.7% |
United Kingdom | 552 | 1,101 | N/A | 644 | 5.3% |
Bulgaria | 923 | 781 | 716 | 474 | -19.9% |
India | 27.8 | 67.4 | N/A | 357 | 134.2% |
Italy | 825 | 424 | 755 | 262 | -31.8% |
Austria | 556 | 88.2 | 407 | 81.0 | -47.4% |
United Arab Emirates | N/A | N/A | 224 | N/A | 0% |
Others | 182 | 168 | 218 | 367 | 26.3% |
Total | 5,310 | 4,921 | 6,680 | 4,622 | -4.5% |
Top Export Markets for Magnesite from Turkey in 2022:
- Greece (23.9K tons)
- Bulgaria (4.8K tons)
- Spain (4.7K tons)
- United Kingdom (4.4K tons)
- India (4.1K tons)
- Italy (3.0K tons)
- Austria (0.4K tons)
Magnesite Imports in Turkey
In 2022, after two years of decline, there was significant growth in supplies from abroad of magnesite, when their volume increased by 260% to 12 tons. Overall, imports, however, showed a dramatic downturn.
In value terms, magnesite imports skyrocketed to $6.5K in 2022. In general, imports, however, continue to indicate a dramatic contraction.
Import of Magnesite in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | N/A | N/A | 5.2 | 0% |
China | 0.5 | 8.0 | N/A | 0.7 | 11.9% |
Netherlands | 0.3 | 0.1 | N/A | 0.5 | 18.6% |
Germany | 194 | N/A | 1.6 | N/A | -90.9% |
Others | 1.1 | 5.0 | 2.8 | 0.1 | -55.0% |
Total | 195 | 13.1 | 4.4 | 6.5 | -67.8% |
Top Suppliers of Magnesite to Turkey in 2022:
- Spain (10.2 tons)
- China (0.9 tons)
- Netherlands (0.4 tons)
This report provides an in-depth analysis of the magnesite market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Magnesite exports experienced a significant growth rate in March 2023, with a month-on-month increase of 1,231%. In terms of value, exports of Magnesite soared to $233K in November 2023.
Global demand for magnesite is on the rise, with market consumption expected to continue growing at a steady pace over the next seven years. By 2030, market volume is projected to reach 35M tons, with a value of $7.6B. China leads as both the largest consumer and producer of magnesite. Imports and exports of magnesite have also seen significant growth, particularly in countries like Indonesia and Japan.
Magnesite is a mineral with multiple applications, serving as a crucial raw material in various industries. This article explores the top import markets for magnesite, including Indonesia, Japan, the United States, Russia, and Poland. These countries have strong industrial sectors that drive the demand for magnesite, making them attractive markets for importers. Stay ahead of the competition and seize emerging opportunities by monitoring market dynamics through platforms like IndexBox.
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Magnesite exports experienced a significant growth rate in March 2023, with a month-on-month increase of 1,231%. In terms of value, exports of Magnesite soared to $233K in November 2023.