Price for Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $4,703 per ton, with an increase of 42% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +98.0% against 2017 indices. As a result, import price attained 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 Germany ($27,654 per ton), while the price for the Czech Republic ($3,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $4,451 per ton in 2022, growing by 20% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for magnesium; articles thereof, including waste and scrap increased by +115.0% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 39%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($11,252 per ton), while the average price for exports to the Czech Republic ($1,402 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 Spain (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland
In 2022, imports of magnesium; articles thereof, including waste and scrap into Switzerland soared to 10K tons, surging by 75% on the previous year. Over the period under review, imports saw a prominent expansion. As a result, imports attained 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 $49M in 2022. In general, imports continue to indicate a significant increase. 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 Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 2.4 | 4.9 | 18.6 | 26.4% |
| Czech Republic | N/A | 1.7 | 5.3 | 11.0 | 154.4% |
| Israel | 2.4 | 2.3 | 3.0 | 8.4 | 51.8% |
| Austria | 2.8 | 3.2 | 3.7 | 7.8 | 40.7% |
| Germany | 4.9 | 4.5 | 1.4 | 1.4 | -34.1% |
| Others | 0.6 | 0.7 | 1.4 | 1.9 | 46.8% |
| Total | 19.9 | 14.9 | 19.7 | 49.0 | 35.0% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Switzerland in 2022:
- China (4.4K tons)
- Czech Republic (3.3K tons)
- Austria (1.5K tons)
- Israel (1.0K tons)
- Germany (0.1K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland
In 2022, exports of magnesium; articles thereof, including waste and scrap from Switzerland skyrocketed to 3K tons, growing by 22% compared with 2021. Over the period under review, exports, however, continue to indicate a noticeable slump.
In value terms, exports of magnesium; articles thereof, including waste and scrap skyrocketed to $13M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Magnesium; Articles Thereof, Including Waste and Scrap in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,520 | 2,009 | 2,234 | 2,553 | -10.2% |
| France | 647 | 483 | 381 | 2,324 | 53.1% |
| Czech Republic | 73.9 | 97.0 | 250 | 1,099 | 145.9% |
| Austria | 209 | 205 | 2,165 | 1,079 | 72.8% |
| Spain | 174 | 111 | 154 | 875 | 71.3% |
| United Kingdom | 134 | 795 | 508 | 816 | 82.6% |
| India | 784 | 623 | 559 | 754 | -1.3% |
| Mexico | N/A | 11.9 | 396 | 661 | 645.3% |
| Poland | 270 | 212 | 263 | 441 | 17.8% |
| Italy | 128 | 110 | 216 | 289 | 31.2% |
| Others | 1,519 | 1,294 | 2,023 | 2,567 | 19.1% |
| Total | 7,459 | 5,951 | 9,149 | 13,459 | 21.7% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Switzerland in 2022:
- Germany (853.3 tons)
- Czech Republic (784.1 tons)
- France (451.8 tons)
- Austria (141.8 tons)
- Mexico (112.8 tons)
- Spain (90.6 tons)
- India (84.7 tons)
- Poland (73.2 tons)
- United Kingdom (72.6 tons)
- Italy (64.4 tons)
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