Price for Magnesium; Articles Thereof, Including Waste and Scrap in Libya - 2022
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Libya (CIF) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Libya
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Libya (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $5,232 per ton in 2022, declining by -6.1% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +22.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $6,578 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($13,985 per ton), while the price for China ($3,555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Libya
Imports of magnesium; articles thereof, including waste and scrap into Libya fell remarkably to 12 tons in 2022, shrinking by -17.1% on 2021 figures. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 1,145% against the previous year.
In value terms, imports of magnesium; articles thereof, including waste and scrap contracted remarkably to $60K in 2022. In general, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1,539%.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 13.5 | 0.8 | 63.6 | 42.2 | 46.2% |
| China | 8.8 | 1.9 | 6.3 | 6.8 | -8.2% |
| Tunisia | N/A | 0.1 | N/A | 4.4 | 563.3% |
| Germany | 7.9 | 1.6 | 4.9 | 4.4 | -17.7% |
| United Kingdom | 8.5 | 0.4 | 1.8 | 2.7 | -31.8% |
| United Arab Emirates | 40.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 79.1 | 4.7 | 77.6 | 60.4 | -8.6% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Libya in 2022:
- Turkey (8.7 tons)
- China (1.9 tons)
- Tunisia (0.5 tons)
- Germany (0.3 tons)
- United Kingdom (0.2 tons)
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