Price for Magnesium; Articles Thereof, Including Waste and Scrap in Greece - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Greece (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Greece (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Greece
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Greece
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Greece (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $5,303 per ton, with an increase of 71% against the previous year. In general, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.1% per year.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Greece (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $2,365 per ton in 2022, declining by -73% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 309%. The export price peaked at $18,442 per ton in 2020; however, from 2021 to 2022, the 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 Cyprus ($16,408 per ton), while the average price for exports to Hungary ($801 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 Egypt (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Greece
Imports of magnesium; articles thereof, including waste and scrap into Greece reduced to 7.2K tons in 2022, which is down by -2.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 7.4K tons, and then reduced in the following year.
In value terms, imports of magnesium; articles thereof, including waste and scrap soared to $38M in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.8 | 12.4 | 18.3 | 34.1 | 29.2% |
| Turkey | N/A | 0.1 | 2.3 | 1.0 | 216.2% |
| Others | 0.5 | 0.4 | 2.3 | 3.0 | 81.7% |
| Total | 16.4 | 12.9 | 22.9 | 38.0 | 32.3% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Greece in 2022:
- China (6.8K tons)
- Turkey (0.1K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Greece
After three years of growth, overseas shipments of magnesium; articles thereof, including waste and scrap decreased by -19% to 19 tons in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 364% against the previous year. As a result, the exports reached the peak of 23 tons, and then contracted notably in the following year.
In value terms, exports of magnesium; articles thereof, including waste and scrap shrank markedly to $44K in 2022. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 238%.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 14.5 | 0% |
| Egypt | 1.0 | N/A | 1.3 | 13.3 | 136.9% |
| Albania | 0.1 | N/A | N/A | 3.5 | 227.1% |
| Hungary | N/A | N/A | N/A | 3.3 | 0% |
| Cyprus | 1.9 | 66.0 | 1.0 | 2.1 | 3.4% |
| Bulgaria | 2.9 | N/A | 182 | N/A | 692.2% |
| Iraq | 14.2 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 25.2 | 17.2 | 7.3 | 1.9% |
| Total | 27.0 | 91.2 | 202 | 44.0 | 17.7% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Greece in 2022:
- India (12.1 tons)
- Hungary (4.2 tons)
- Egypt (1.4 tons)
- Albania (0.5 tons)
- Cyprus (0.1 tons)
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