Price for Magnesium; Articles Thereof, Including Waste and Scrap in Germany - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Germany (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Germany (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Germany
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Germany
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Germany (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $4,470 per ton, rising by 34% against the previous year. In general, import price indicated a moderate expansion 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 +72.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($12,205 per ton), while the price for the Netherlands ($3,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Germany (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $6,046 per ton in 2022, rising by 26% against the previous year. Overall, the export price showed strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($18,646 per ton), while the average price for exports to Brazil ($1,795 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 UK (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Germany
Imports of magnesium; articles thereof, including waste and scrap into Germany skyrocketed to 89K tons in 2022, rising by 48% against the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2020 indices. 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 skyrocketed to $399M in 2022. Overall, imports continue to indicate 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.3 | 68.7 | 89.9 | 202 | 105.4% |
| China | 112 | 20.3 | 33.5 | 61.7 | -18.0% |
| Austria | 23.1 | 27.2 | 38.4 | 60.8 | 38.1% |
| Slovakia | 0.1 | 0.1 | 4.3 | 11.8 | 390.5% |
| Romania | 4.0 | 1.8 | 2.8 | 11.4 | 41.8% |
| Luxembourg | N/A | 0.5 | 1.3 | 9.1 | 326.6% |
| Switzerland | 6.0 | 3.2 | 1.2 | 1.4 | -38.4% |
| Czech Republic | 10.8 | 3.9 | 3.6 | 0.8 | -58.0% |
| Others | 13.3 | 15.7 | 25.4 | 39.4 | 43.6% |
| Total | 192 | 141 | 201 | 399 | 27.6% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Germany in 2022:
- Netherlands (58.3K tons)
- China (9.6K tons)
- Austria (8.6K tons)
- Luxembourg (2.1K tons)
- Slovakia (1.8K tons)
- Romania (1.6K tons)
- Czech Republic (0.2K tons)
- Switzerland (0.2K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Germany
After two years of decline, shipments abroad of magnesium; articles thereof, including waste and scrap increased by 26% to 17K tons in 2022. Overall, exports, however, showed a abrupt slump.
In value terms, exports of magnesium; articles thereof, including waste and scrap surged to $101M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.1 | 8.8 | 8.3 | 25.8 | 47.1% |
| Austria | 13.0 | 12.1 | 14.2 | 20.4 | 16.2% |
| Romania | 4.5 | 1.9 | 1.6 | 13.1 | 42.8% |
| Switzerland | 4.9 | 4.5 | 2.4 | 6.4 | 9.3% |
| Netherlands | 4.7 | 2.4 | 3.3 | 6.1 | 9.1% |
| Italy | 4.0 | 3.1 | 2.7 | 6.1 | 15.1% |
| Czech Republic | 4.7 | 5.5 | 5.9 | 3.9 | -6.0% |
| Poland | 4.9 | 3.8 | 4.4 | 3.1 | -14.2% |
| Sweden | 2.3 | 1.7 | 2.5 | 2.9 | 8.0% |
| France | 1.7 | 1.9 | 1.7 | 2.5 | 13.7% |
| Hungary | 3.3 | 1.2 | 1.7 | 1.2 | -28.6% |
| Brazil | 0.4 | 0.7 | 1.1 | 1.0 | 35.7% |
| Belgium | 2.4 | 1.5 | 0.6 | 0.2 | -56.3% |
| Others | 11.7 | 8.7 | 13.2 | 8.2 | -11.2% |
| Total | 70.8 | 57.9 | 63.7 | 101 | 12.6% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Germany in 2022:
- United States (4.3K tons)
- Austria (2.7K tons)
- Romania (2.6K tons)
- Netherlands (1.9K tons)
- Czech Republic (1.4K tons)
- Italy (0.7K tons)
- Brazil (0.6K tons)
- Switzerland (0.5K tons)
- Hungary (0.4K tons)
- Sweden (0.3K tons)
- France (0.3K tons)
- Poland (0.2K tons)
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