Price for Magnesium; Articles Thereof, Including Waste and Scrap in Iraq - 2022
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Iraq (CIF) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Iraq
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Iraq (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $9,446 per ton in 2022, growing by 140% against the previous year. Overall, the import price showed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,670 per ton), while the price for South Korea ($1,318 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Iraq
In 2022, the amount of magnesium; articles thereof, including waste and scrap imported into Iraq soared to 247 tons, rising by 51% on the previous year's figure. In general, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 210%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of magnesium; articles thereof, including waste and scrap skyrocketed to $2.3M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 47.3 | 21.5 | 5.8 | 628 | 136.8% |
| Italy | 31.9 | 67.1 | 148 | 623 | 169.3% |
| United Kingdom | 40.4 | 3.3 | 98.6 | 479 | 128.0% |
| Turkey | 45.1 | 43.3 | 99.8 | 458 | 116.6% |
| China | 27.8 | 52.3 | 250 | 98.6 | 52.5% |
| South Korea | 2.9 | 6.6 | 3.7 | 8.0 | 40.2% |
| Saudi Arabia | N/A | N/A | 25.6 | N/A | 0% |
| Others | 51.8 | 28.4 | 11.1 | 37.2 | -10.4% |
| Total | 247 | 223 | 643 | 2,332 | 111.4% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Iraq in 2022:
- United Arab Emirates (91.3 tons)
- Turkey (69.5 tons)
- United Kingdom (36.3 tons)
- Italy (23.7 tons)
- China (17.8 tons)
- South Korea (6.0 tons)
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