Price for Magnesium; Articles Thereof, Including Waste and Scrap in Serbia - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (CIF) - 2024
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (CIF) - 2024
In April 2024, the average import price for magnesium; articles thereof, including waste and scrap amounted to $3,227 per ton, declining by -6.7% against the previous month. Overall, the import price saw a slight curtailment. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 19% m-o-m. The import price peaked at $4,288 per ton in July 2023; however, from August 2023 to April 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($7,752 per ton), while the price for China amounted to $3,118 per ton.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Bulgaria (-1.4%).
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $3,847 per ton in 2022, jumping by 38% against the previous year. In general, the export price, however, saw a slight setback. The export price peaked at $4,452 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($36,000 per ton), while the average price for exports to Romania ($1,294 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 Austria (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia
Imports of magnesium; articles thereof, including waste and scrap into Serbia expanded sharply to 4.9K tons in 2022, increasing by 8.2% compared with 2021. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.
In value terms, imports of magnesium; articles thereof, including waste and scrap soared to $20M in 2022. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 5.2 | 8.9 | 16.9 | 27.8% |
| Italy | 4.1 | N/A | 1.4 | 1.3 | -31.8% |
| United States | 0.2 | 1.5 | 0.8 | 1.1 | 76.5% |
| Romania | 0.1 | 0.1 | 1.7 | 0.1 | 0.0% |
| Slovakia | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Austria | 0.6 | 0.1 | 0.1 | N/A | -59.2% |
| Others | 0.9 | 0.4 | 0.3 | 0.6 | -12.6% |
| Total | 14.5 | 7.5 | 13.2 | 19.9 | 11.1% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Serbia in 2022:
- China (3579.3 tons)
- United States (878.8 tons)
- Italy (311.4 tons)
- Romania (22.9 tons)
- Austria (1.5 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia
In 2022, the amount of magnesium; articles thereof, including waste and scrap exported from Serbia contracted slightly to 1.9K tons, shrinking by -1.7% against the previous year's figure. Overall, exports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year.
In value terms, exports of magnesium; articles thereof, including waste and scrap skyrocketed to $7.5M in 2022. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 187 | 1,078 | 634 | 3,560 | 167.0% |
| Italy | 4,648 | 145 | 1,536 | 1,491 | -31.5% |
| Romania | 1,314 | 859 | 2,326 | 921 | -11.2% |
| France | 0.5 | 164 | 271 | 777 | 1058.3% |
| Bulgaria | 73.6 | 129 | 178 | 413 | 77.7% |
| Slovakia | 314 | 397 | 464 | 264 | -5.6% |
| Austria | 634 | 216 | 0.1 | 0.1 | -94.6% |
| Others | 1,068 | 48.6 | 75.1 | 39.9 | -66.6% |
| Total | 8,240 | 3,036 | 5,485 | 7,465 | -3.2% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Serbia in 2022:
- United States (750.7 tons)
- Romania (711.9 tons)
- Italy (253.8 tons)
- France (118.0 tons)
- Bulgaria (51.8 tons)
- Slovakia (50.5 tons)
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