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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