Price for Magnesium; Articles Thereof, Including Waste and Scrap in Finland - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Finland (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Finland (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Finland
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Finland
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Finland (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $10,500 per ton, rising by 14% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 +115.3% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 48%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.
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 the UK ($18,855 per ton), while the price for Germany ($6,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+97.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Finland (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $5,308 per ton in 2022, growing by 7.4% against the previous year. Overall, the export price, however, continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 812% against the previous year. As a result, the export price reached the peak level of $183,870 per ton. From 2017 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 Russia ($31,512 per ton), while the average price for exports to the UK ($1,564 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 Estonia (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Finland
Imports of magnesium; articles thereof, including waste and scrap into Finland fell sharply to 37 tons in 2022, with a decrease of -39.9% against 2021. In general, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 295%.
In value terms, imports of magnesium; articles thereof, including waste and scrap shrank rapidly to $387K in 2022. Overall, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 273%.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | N/A | 68.9 | 181 | 1118.7% |
| Slovakia | N/A | N/A | 0.9 | 48.7 | 5311.1% |
| Germany | 102 | 34.6 | 274 | 41.1 | -26.1% |
| United Kingdom | N/A | 0.7 | 47.3 | 21.8 | 458.1% |
| China | 140 | 25.4 | 2.1 | 0.4 | -85.8% |
| Austria | 235 | N/A | N/A | N/A | 0% |
| Others | 96.8 | 91.2 | 172 | 94.5 | -0.8% |
| Total | 573 | 152 | 566 | 387 | -12.3% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Finland in 2022:
- Netherlands (24.9 tons)
- Germany (6.3 tons)
- Slovakia (3.7 tons)
- United Kingdom (1.2 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Finland
In 2022, approx. 24 tons of magnesium; articles thereof, including waste and scrap were exported from Finland; rising by 151% on the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 921% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of magnesium; articles thereof, including waste and scrap surged to $127K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 0.1 | N/A | N/A | 62.7 | 755.9% |
| Sweden | N/A | 1.4 | 7.0 | 27.1 | 340.0% |
| Netherlands | 2.9 | 6.2 | 11.2 | 15.0 | 72.9% |
| United Kingdom | 0.4 | 1.3 | 0.8 | 5.9 | 145.2% |
| Germany | 0.3 | 2.2 | 16.6 | 4.3 | 142.9% |
| Austria | 1.0 | 1.8 | 3.2 | 3.9 | 57.4% |
| France | 0.4 | 1.0 | 1.6 | 1.8 | 65.1% |
| Others | 6.4 | 4.6 | 6.5 | 5.9 | -2.7% |
| Total | 11.5 | 18.5 | 47.1 | 127 | 122.7% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Finland in 2022:
- Netherlands (9.6 tons)
- Sweden (3.9 tons)
- United Kingdom (3.8 tons)
- Estonia (3.3 tons)
- France (1.2 tons)
- Germany (0.9 tons)
- Austria (0.5 tons)
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