Price for Magnesium; Articles Thereof, Including Waste and Scrap in Australia - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Australia (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Australia (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Australia
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Australia
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Australia (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $3,999 per ton, growing by 4.3% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for magnesium; articles thereof, including waste and scrap increased by +49.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,044 per ton), while the price for the United States ($2,509 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Australia (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $2,052 per ton in 2022, falling by -50.9% against the previous year. Overall, the export price, however, continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 445% against the previous year. As a result, the export price attained the peak level of $8,253 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($9,169 per ton), while the average price for exports to India ($1,186 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 China (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Australia
In 2022, approx. 4.5K tons of magnesium; articles thereof, including waste and scrap were imported into Australia; with an increase of 84% on 2021 figures. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of magnesium; articles thereof, including waste and scrap surged to $18M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 4.5 | 8.9 | 15.7 | 37.8% |
| Germany | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| United States | 0.8 | 1.0 | 0.4 | 0.7 | -4.4% |
| Others | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Total | 6.8 | 5.7 | 9.4 | 18.0 | 38.3% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Australia in 2022:
- China (4.0K tons)
- United States (0.3K tons)
- Germany (0.2K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Australia
In 2022, approx. 89 tons of magnesium; articles thereof, including waste and scrap were exported from Australia; increasing by 97% compared with the year before. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of magnesium; articles thereof, including waste and scrap dropped to $182K in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $188K, and then dropped slightly in the following year.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 52.7 | 0% |
| Malaysia | 75.6 | 144 | N/A | 52.1 | -11.7% |
| India | N/A | N/A | N/A | 44.9 | 0% |
| New Zealand | 56.5 | 1.9 | 133 | 22.5 | -26.4% |
| Singapore | N/A | N/A | 54.8 | N/A | 0% |
| Others | 24.8 | 6.6 | N/A | 9.9 | -26.4% |
| Total | 157 | 153 | 188 | 182 | 5.0% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Australia in 2022:
- Netherlands (38.0 tons)
- India (37.9 tons)
- Malaysia (9.0 tons)
- New Zealand (2.5 tons)
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