Price for Magnesium; Articles Thereof, Including Waste and Scrap in Brazil - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (FOB) - 2024
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $3,409 per ton, rising by 17% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $3,526 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($7,121 per ton), while the price for Malaysia ($1,804 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (FOB) - 2024
In May 2024, the average export price for magnesium; articles thereof, including waste and scrap amounted to $5,290 per ton, increasing by 3.7% against the previous month. In general, the export price, however, saw a mild downturn. The growth pace was the most rapid in August 2023 an increase of 15% m-o-m. As a result, the export price attained the peak level of $7,250 per ton. From September 2023 to May 2024, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In May 2024, the country with the highest price was Japan ($5,821 per ton), while the average price for exports to the United States totaled $5,100 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.2%).
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil
In 2022, the amount of magnesium; articles thereof, including waste and scrap imported into Brazil skyrocketed to 24K tons, growing by 80% compared with the year before. In general, imports showed a significant increase. As a result, imports reached 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 $80M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.3 | 1.3 | 41.0 | 244.8% |
| Germany | 1.3 | 1.5 | 2.6 | 7.6 | 80.1% |
| Israel | 17.2 | 10.6 | 18.1 | 7.5 | -24.2% |
| Czech Republic | 0.1 | 0.3 | 5.0 | 3.4 | 224.0% |
| India | 0.2 | N/A | 0.1 | 3.3 | 154.6% |
| Malaysia | 0.1 | N/A | 0.6 | 2.5 | 192.4% |
| Indonesia | 0.2 | 0.5 | 0.6 | 2.2 | 122.4% |
| Spain | 0.3 | 0.3 | 0.8 | 1.3 | 63.0% |
| Turkey | 3.5 | 5.9 | 0.8 | 0.7 | -41.5% |
| United States | 4.6 | 0.8 | 0.3 | 0.7 | -46.6% |
| Taiwan (Chinese) | 1.3 | 0.1 | 1.1 | 0.5 | -27.3% |
| Russia | N/A | 1.3 | 3.0 | 0.4 | -44.5% |
| South Korea | 2.3 | 4.0 | 2.1 | 0.2 | -55.7% |
| Others | 2.5 | 1.9 | 1.8 | 8.7 | 51.5% |
| Total | 34.5 | 28.4 | 38.2 | 80.2 | 32.5% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Brazil in 2022:
- China (10.8K tons)
- Germany (3.9K tons)
- Israel (1.6K tons)
- Malaysia (1.4K tons)
- Czech Republic (1.2K tons)
- India (0.9K tons)
- Indonesia (0.8K tons)
- Spain (0.3K tons)
- Turkey (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
- United States (0.1K tons)
- Russia (0.1K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil
In 2022, the amount of magnesium; articles thereof, including waste and scrap exported from Brazil declined to 856 tons, waning by -11.1% on the previous year's figure. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 184%. As a result, the exports reached the peak of 963 tons, and then dropped in the following year.
In value terms, exports of magnesium; articles thereof, including waste and scrap skyrocketed to $5M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 195%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 0.9 | 2.2 | 4.4 | 32.3% |
| Croatia | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Netherlands | N/A | N/A | 0.6 | 0.2 | -66.7% |
| Argentina | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 1.9 | 1.2 | 3.5 | 5.0 | 38.1% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Brazil in 2022:
- United States (693.1 tons)
- Croatia (88.0 tons)
- Netherlands (74.7 tons)
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