Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic (CIF) - 2024
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic
Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic (CIF) - 2024
The average import price for magnesium; articles thereof, including waste and scrap stood at $2,904 per ton in March 2024, shrinking by -9.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 6.4% m-o-m. The import price peaked at $3,270 per ton in August 2023; however, from September 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Italy ($3,674 per ton), while the price for Switzerland ($1,150 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Romania (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic (FOB) - 2022
The average export price for magnesium; articles thereof, including waste and scrap stood at $5,596 per ton in 2022, rising by 68% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 +104.2% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($6,911 per ton), while the average price for exports to Switzerland ($995 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 Brazil (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic
In 2022, the amount of magnesium; articles thereof, including waste and scrap imported into the Czech Republic surged to 27K tons, rising by 112% on 2021 figures. Over the period under review, imports saw a significant 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 skyrocketed to $124M in 2022. In general, imports posted significant growth. 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 the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 2.2 | 9.1 | 82.3 | 118.4% |
| Germany | 11.0 | 8.6 | 7.1 | 12.8 | 5.2% |
| Netherlands | 0.2 | 2.5 | 4.3 | 8.9 | 254.4% |
| Romania | 0.2 | N/A | 4.3 | 8.8 | 253.0% |
| Italy | 0.7 | 3.2 | 1.1 | 2.1 | 44.2% |
| Switzerland | 0.1 | 0.1 | 1.4 | 1.2 | 128.9% |
| Spain | N/A | 1.8 | 3.0 | 0.4 | -52.9% |
| Others | 3.1 | 3.8 | 4.6 | 7.9 | 36.6% |
| Total | 23.1 | 22.2 | 34.9 | 124 | 75.1% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to the Czech Republic in 2022:
- China (14.2K tons)
- Germany (4.5K tons)
- Romania (2.3K tons)
- Switzerland (2.0K tons)
- Netherlands (1.9K tons)
- Italy (0.5K tons)
- Spain (0.2K tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in the Czech Republic
In 2022, the amount of magnesium; articles thereof, including waste and scrap exported from the Czech Republic skyrocketed to 20K tons, growing by 67% compared with 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 80%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of magnesium; articles thereof, including waste and scrap surged to $112M in 2022. Over the period under review, exports posted significant growth. 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 the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 7.1 | 17.7 | 89.9 | 221.7% |
| Germany | 14.9 | 6.4 | 3.9 | 8.2 | -18.1% |
| Austria | 0.8 | 0.9 | 1.4 | 3.8 | 68.1% |
| Spain | N/A | N/A | 1.9 | 3.7 | 94.7% |
| Romania | N/A | N/A | 0.6 | 2.5 | 316.7% |
| Italy | 0.6 | 2.9 | 1.1 | 1.2 | 26.0% |
| Switzerland | N/A | 0.1 | 1.3 | 1.1 | 231.7% |
| Brazil | 0.1 | 0.9 | 7.0 | 0.4 | 58.7% |
| Others | 3.3 | 2.2 | 5.2 | 1.6 | -21.4% |
| Total | 22.4 | 20.5 | 40.1 | 112 | 71.0% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from the Czech Republic in 2022:
- United States (13.0K tons)
- Germany (3.5K tons)
- Switzerland (1.1K tons)
- Austria (0.7K tons)
- Spain (0.6K tons)
- Romania (0.5K tons)
- Italy (0.4K tons)
- Brazil (0.1K tons)
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