Price for Magnesium; Articles Thereof, Including Waste and Scrap in Belgium - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $5,606 per ton in 2022, growing by 60% against the previous year. Overall, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($13,060 per ton), while the price for Austria ($2,648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (FOB) - 2022
In 2022, the average export price for magnesium; articles thereof, including waste and scrap amounted to $3,135 per ton, which is down by -7.5% against the previous year. In general, the export price, however, saw a measured increase. The growth pace was the most rapid in 2019 an increase of 79% against the previous year. Over the period under review, the average export prices hit record highs at $3,390 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($11,890 per ton), while the average price for exports to Germany ($2,508 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 Brazil (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium
In 2022, purchases abroad of magnesium; articles thereof, including waste and scrap decreased by -10% to 6.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. As a result, imports attained the peak of 7.6K tons, and then fell in the following year.
In value terms, imports of magnesium; articles thereof, including waste and scrap skyrocketed to $39M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 251% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 4.1 | 14.6 | 256.1% |
| Israel | N/A | 1.8 | 6.6 | 7.7 | 106.8% |
| China | 0.3 | 2.9 | 5.9 | 6.2 | 174.4% |
| Netherlands | 1.3 | 0.7 | 2.4 | 4.3 | 49.0% |
| Germany | 2.7 | 1.7 | 3.6 | 2.3 | -5.2% |
| Austria | 0.2 | 0.1 | 0.5 | 1.0 | 71.0% |
| France | N/A | 0.1 | 0.3 | 0.8 | 182.8% |
| Others | 0.2 | 0.4 | 3.5 | 1.7 | 104.1% |
| Total | 4.8 | 7.6 | 26.7 | 38.5 | 100.2% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Belgium in 2022:
- Turkey (1684.0 tons)
- Netherlands (1588.6 tons)
- China (1245.9 tons)
- Germany (820.8 tons)
- Israel (586.1 tons)
- Austria (368.9 tons)
- France (230.7 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of magnesium; articles thereof, including waste and scrap, which increased by 145% to 12K tons in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 717%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of magnesium; articles thereof, including waste and scrap soared to $38M in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 601% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 3.2 | 6.8 | 22.1 | 162.8% |
| France | 0.4 | 1.3 | 5.4 | 6.6 | 154.6% |
| United States | N/A | 1.6 | 1.2 | 3.7 | 52.1% |
| Netherlands | N/A | 0.3 | 0.2 | 0.8 | 63.3% |
| Others | 0.5 | 0.5 | 3.1 | 4.6 | 109.5% |
| Total | 1.0 | 6.9 | 16.7 | 37.9 | 235.9% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Belgium in 2022:
- Germany (8.8K tons)
- France (1.9K tons)
- United States (0.7K tons)
- Netherlands (0.3K tons)
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