Price for Magnesium; Articles Thereof, Including Waste and Scrap in Denmark - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (FOB) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (CIF) - 2022
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $147,668 per ton in 2022, jumping by 90% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 389%. Over the period under review, the average export prices attained the peak figure at $235,788 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($233,915 per ton), while the average price for exports to Spain ($6,812 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 the Netherlands (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $13,170 per ton in 2022, rising by 48% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +125.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 62%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($29,861 per ton), while the price for China ($5,061 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark
Exports of magnesium; articles thereof, including waste and scrap from Denmark dropped dramatically to 9.4 tons in 2022, which is down by -22.6% on the year before. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 152% against the previous year. As a result, the exports reached the peak of 12 tons, and then contracted markedly in the following year.
In value terms, exports of magnesium; articles thereof, including waste and scrap soared to $1.4M in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 165% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 194 | 172 | 267 | 952 | 69.9% |
| Thailand | 188 | 70.4 | 136 | 129 | -11.8% |
| Sweden | 92.0 | 21.9 | 44.5 | 60.1 | -13.2% |
| Austria | 35.1 | 0.8 | 1.6 | 55.0 | 16.1% |
| United Kingdom | 18.4 | 5.4 | 479 | 20.0 | 2.8% |
| France | 7.6 | 0.3 | 2.2 | 18.3 | 34.0% |
| Spain | 6.2 | 10.6 | 0.2 | 2.2 | -29.2% |
| Angola | N/A | N/A | 4.0 | N/A | 0% |
| Others | 159 | 77.8 | 16.5 | 158 | -0.2% |
| Total | 700 | 359 | 951 | 1,395 | 25.8% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Denmark in 2022:
- Germany (5.4 tons)
- Thailand (1.5 tons)
- France (0.5 tons)
- Sweden (0.5 tons)
- United Kingdom (0.3 tons)
- Spain (0.3 tons)
- Austria (0.2 tons)
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark
In 2022, approx. 50 tons of magnesium; articles thereof, including waste and scrap were imported into Denmark; surging by 32% compared with the previous year's figure. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 118% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of magnesium; articles thereof, including waste and scrap soared to $663K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 105%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 272 | 0% |
| Germany | 19.7 | 21.1 | 33.7 | 112 | 78.5% |
| Poland | 19.6 | 61.0 | 138 | 82.7 | 61.6% |
| China | 95.7 | 26.8 | 99.6 | 59.1 | -14.8% |
| Bulgaria | N/A | 18.7 | N/A | 42.3 | 50.4% |
| United Kingdom | 2.4 | N/A | 35.9 | 32.9 | 139.3% |
| Switzerland | 11.0 | 27.7 | 30.0 | 13.1 | 6.0% |
| Czech Republic | N/A | N/A | N/A | 7.8 | 0% |
| Others | 10.8 | 9.6 | 1.3 | 42.2 | 57.5% |
| Total | 159 | 165 | 338 | 663 | 61.0% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Denmark in 2022:
- Spain (16.5 tons)
- China (11.7 tons)
- Poland (9.2 tons)
- Germany (7.6 tons)
- Bulgaria (2.0 tons)
- United Kingdom (1.2 tons)
- Czech Republic (1.1 tons)
- Switzerland (0.4 tons)
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