Price for Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan (CIF) - 2024
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan (CIF) - 2024
The average import price for magnesium; articles thereof, including waste and scrap stood at $4,386 per ton in February 2024, jumping by 37% against the previous month. Overall, the import price showed a slight expansion. The pace of growth was the most pronounced in September 2023 an increase of 130% month-to-month. As a result, import price reached the peak level of $8,967 per ton. From October 2023 to February 2024, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2024, the country with the highest price was China ($4,246 per ton), while the price for Russia stood at $3,805 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Russia (+2.4%).
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $6,502 per ton in 2022, declining by -37.3% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when the average export price increased by 248%. As a result, the export price attained the peak level of $10,364 per ton, and then shrank sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($7,437 per ton), while the average price for exports to Russia ($1,182 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 Ukraine (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan
For the fourth year in a row, Kazakhstan recorded growth in purchases abroad of magnesium; articles thereof, including waste and scrap, which increased by 21% to 1.5K tons in 2022. The total import volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $7.8M in 2022. Overall, imports showed a significant expansion. 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 Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 0.5 | 1.8 | 3.9 | 27.1% |
| Russia | 0.9 | 2.4 | 3.0 | 3.7 | 60.2% |
| United Kingdom | 0.3 | 0.8 | 0.2 | 0.1 | -30.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 3.2 | 3.7 | 5.1 | 7.8 | 34.6% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Kazakhstan in 2022:
- Russia (886.6 tons)
- China (535.5 tons)
- United Kingdom (5.5 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan
In 2022, shipments abroad of magnesium; articles thereof, including waste and scrap decreased by -74.1% to 52 tons, falling for the second year in a row after two years of growth. In general, exports saw a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 609 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of magnesium; articles thereof, including waste and scrap declined rapidly to $340K in 2022. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 21%.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 311 | 0% |
| Uzbekistan | 0.2 | 4.0 | 2.7 | 24.4 | 396.0% |
| Russia | 4.8 | 1.6 | 0.6 | 5.2 | 2.7% |
| Netherlands | N/A | N/A | 2,088 | N/A | 0% |
| United States | 1,501 | 1,811 | N/A | N/A | 20.7% |
| Others | 1.2 | N/A | 0.3 | 0.1 | -56.3% |
| Total | 1,507 | 1,817 | 2,092 | 340 | -39.1% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Kazakhstan in 2022:
- Ukraine (41.8 tons)
- Uzbekistan (6.1 tons)
- Russia (4.4 tons)
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