Price for Magnesium; Articles Thereof, Including Waste and Scrap in Spain - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Spain (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Spain (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Spain
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Spain
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Spain (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $3,829 per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 an increase of 30% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($6,943 per ton), while the price for Portugal ($1,434 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Spain (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $5,207 per ton in 2022, surging by 52% against the previous year. Overall, the export price showed a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($8,839 per ton), while the average price for exports to the Netherlands ($1,216 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 (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Spain
In 2022, approx. 16K tons of magnesium; articles thereof, including waste and scrap were imported into Spain; rising by 55% against 2021 figures. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.7% against 2020 indices. 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 $63M in 2022. In general, imports posted a significant expansion. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 16.3 | 22.9 | 44.0 | 19.3% |
| Germany | 1.7 | 2.2 | 3.7 | 7.4 | 63.3% |
| Czech Republic | N/A | N/A | 1.9 | 2.9 | 52.6% |
| Austria | 4.8 | 3.1 | 3.2 | 2.7 | -17.5% |
| Netherlands | 0.3 | 0.2 | 0.6 | 2.1 | 91.3% |
| Italy | 0.1 | 0.1 | 0.3 | 0.7 | 91.3% |
| Portugal | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Others | 1.5 | 1.6 | 2.7 | 2.7 | 21.6% |
| Total | 34.6 | 23.8 | 35.9 | 63.1 | 22.2% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Spain in 2022:
- China (12.7K tons)
- Germany (1.2K tons)
- Czech Republic (0.6K tons)
- Italy (0.4K tons)
- Portugal (0.4K tons)
- Austria (0.4K tons)
- Netherlands (0.3K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Spain
In 2022, after two years of decline, there was significant growth in shipments abroad of magnesium; articles thereof, including waste and scrap, when their volume increased by 36% to 2.9K tons. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of magnesium; articles thereof, including waste and scrap surged to $15M in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 1.6 | 1.5 | 5.9 | 8.7% |
| Germany | 0.7 | 1.0 | 1.2 | 4.0 | 78.8% |
| Poland | N/A | 0.1 | 0.4 | 1.6 | 300.0% |
| Brazil | 0.3 | 0.4 | 0.6 | 1.4 | 67.1% |
| Italy | 0.1 | 0.2 | 0.3 | 0.6 | 81.7% |
| Portugal | 0.2 | 0.1 | 0.3 | 0.5 | 35.7% |
| Belgium | 0.1 | N/A | 1.8 | N/A | 324.3% |
| Czech Republic | N/A | 2.3 | 0.4 | N/A | -82.6% |
| Others | 0.5 | 0.8 | 0.8 | 0.8 | 17.0% |
| Total | 6.7 | 6.5 | 7.2 | 14.9 | 30.5% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Spain in 2022:
- United States (1316.0 tons)
- Germany (623.4 tons)
- Brazil (390.6 tons)
- Poland (208.1 tons)
- Italy (160.6 tons)
- Portugal (58.0 tons)
- Czech Republic (12.3 tons)
- Belgium (1.3 tons)
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