Price for Magnesium; Articles Thereof, Including Waste and Scrap in Thailand - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (CIF) - 2024
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (CIF) - 2024
The average import price for magnesium; articles thereof, including waste and scrap stood at $3,947 per ton in May 2024, with an increase of 15% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,034 per ton in July 2023; however, from August 2023 to May 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was the UK ($14,924 per ton), while the price for China ($3,464 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $1,750 per ton in 2022, growing by 15% against the previous year. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of 28%. Over the period under review, the average export prices hit record highs at $2,512 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($2,385 per ton), while the average price for exports to the United States ($581 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 Vietnam (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand
In 2022, imports of magnesium; articles thereof, including waste and scrap into Thailand contracted to 8.3K tons, reducing by -5.9% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports attained the peak of 8.8K tons, and then reduced in the following year.
In value terms, imports of magnesium; articles thereof, including waste and scrap skyrocketed to $44M in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 157%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.0 | 11.4 | 30.7 | 42.2 | 32.8% |
Japan | 0.3 | 0.1 | 0.2 | 0.7 | 32.6% |
Vietnam | 0.3 | 0.8 | 0.8 | 0.5 | 18.6% |
Others | 0.5 | 0.2 | 0.5 | 0.9 | 21.6% |
Total | 19.2 | 12.6 | 32.2 | 44.4 | 32.2% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Thailand in 2022:
- China (7.7K tons)
- Vietnam (0.4K tons)
- Japan (0.2K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand
In 2022, shipments abroad of magnesium; articles thereof, including waste and scrap decreased by -26.3% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. As a result, the exports attained the peak of 2.1K tons, and then shrank markedly in the following year.
In value terms, exports of magnesium; articles thereof, including waste and scrap plummeted to $2.7M in 2022. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of $3.2M, and then declined dramatically in the following year.
Export of Magnesium; Articles Thereof, Including Waste and Scrap in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 75.4 | 199 | 260 | 1,113 | 145.3% |
Vietnam | 788 | 1,096 | 1,734 | 681 | -4.7% |
Japan | 480 | 445 | 375 | 481 | 0.1% |
South Korea | 0.1 | 27.5 | 178 | 224 | 1208.4% |
Netherlands | N/A | 5.7 | 28.0 | 100 | 318.9% |
Germany | N/A | N/A | N/A | 46.7 | 0% |
United States | 246 | 69.5 | 0.5 | 10.8 | -64.7% |
Hong Kong SAR | N/A | N/A | 475 | N/A | 0% |
Others | 18.4 | 38.8 | 105 | 7.7 | -25.2% |
Total | 1,608 | 1,882 | 3,155 | 2,665 | 18.3% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Thailand in 2022:
- Brazil (595.9 tons)
- Japan (382.0 tons)
- Vietnam (285.8 tons)
- South Korea (165.2 tons)
- Netherlands (49.6 tons)
- Germany (25.0 tons)
- United States (18.6 tons)
This report provides an in-depth analysis of the magnesium market in Thailand.
This report provides an in-depth analysis of the blueberry and cranberry market in Thailand.
This report provides an in-depth analysis of the market for raspberry, blackberry, blueberry, and cranberry in Thailand.
This report provides an in-depth analysis of the global magnesium market.
This report provides an in-depth analysis of the global blueberry and cranberry market.
This report provides an in-depth analysis of the global market for raspberry, blackberry, blueberry, and cranberry.
This report provides an in-depth analysis of the magnesium market in Thailand.
This report provides an in-depth analysis of the global magnesium market.
In June 2023, imports of Blueberry And Cranberry saw the most significant rate of growth, increasing by 27% month-to-month. In terms of value, these imports modestly expanded to $1.3M in September 2023.
In 2021, global magnesium production declined by 5% to 950K tons because several China's smelters had cut capacities to comply with energy consumption targets. China remains the largest exporter in the world, accounting for 58% of total magnesium supplies.
Limiting industrial carbon dioxide emissions in China has halted work in two-thirds of Shaanxi's fifty magnesium plants, while the rest of the factories will be required to halve production. As a result, in the next six months, the global market may face a deficit, hitting the European automotive industry particularly hard. The German Non-Ferrous Metals Association (WVM) calls on the German government to begin negotiations with China to increase magnesium supplies to Europe.
In value terms, magnesium imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuation...
In value terms, magnesium exports stood at $X in 2016. Overall, magnesium exports continue to indicate a moderate deduction. In that year, global magnesium exports reached its maximum level of $X>
Learn about the projected growth of the global blueberries and cranberries market, with an expected increase in consumption over the next seven years.
Explore the top import markets for blueberry and cranberry worldwide, including key statistics and data from the IndexBox market intelligence platform.
The blueberry market is expected to grow significantly in the next few years. The global blueberry market was valued at $8.3 billion in 2021 and is expected to reach 2.3 million tons by 2030, growing at a CAGR of 3.5% during the forecast period (2022-2030)
Global cranberry consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
In 2015, the country with the largest volume of the cranberry output was the United States (X thousand tons), accounting for X% of global production.