Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines
Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines (CIF) - 2022
In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $7,374 per ton, reducing by -7% against the previous year. Overall, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. Over the period under review, average import prices reached the maximum at $7,932 per ton in 2021, and then reduced in the following year.
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 Hong Kong SAR ($35,757 per ton), while the price for China ($5,204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines (FOB) - 2022
In 2022, the average export price for magnesium; articles thereof, including waste and scrap amounted to $13,836 per ton, picking up by 42% against the previous year. Over the period under review, the export price showed a significant expansion. 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 China ($49,500 per ton), while the average price for exports to South Korea ($3,286 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,550.0%), 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 Philippines
In 2022, supplies from abroad of magnesium; articles thereof, including waste and scrap was finally on the rise to reach 32 tons after two years of decline. Over the period under review, imports, however, saw a abrupt decline.
In value terms, imports of magnesium; articles thereof, including waste and scrap soared to $235K in 2022. In general, imports, however, continue to indicate a abrupt contraction.
| Import of Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 231 | 222 | 67.7 | 108 | -22.4% |
| Japan | 5.4 | 1.2 | 0.9 | 65.3 | 129.5% |
| United States | 12.6 | 14.1 | 28.6 | 32.0 | 36.4% |
| Hong Kong SAR | 61.8 | 34.0 | N/A | 17.2 | -34.7% |
| Taiwan (Chinese) | 7.6 | N/A | 5.8 | 12.8 | 19.0% |
| Others | 11.3 | 15.6 | 1.3 | N/A | -66.1% |
| Total | 329 | 287 | 104 | 235 | -10.6% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to the Philippines in 2022:
- China (20.7 tons)
- Japan (8.4 tons)
- United States (1.5 tons)
- Taiwan (Chinese) (0.8 tons)
- Hong Kong SAR (0.5 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in the Philippines
In 2022, the amount of magnesium; articles thereof, including waste and scrap exported from the Philippines surged to 159 kg, increasing by 288% compared with 2021 figures. Overall, exports posted significant growth. 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 $2.2K in 2022. Over the period under review, exports recorded 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 Philippines (USD) | |||
|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 |
| Czech Republic | N/A | 1,164 | 0% |
| Japan | 363 | 614 | 69.1% |
| China | 3.0 | 198 | 6500.0% |
| South Korea | N/A | 138 | 0% |
| Germany | N/A | 82.0 | 0% |
| United Arab Emirates | 4.0 | N/A | 0% |
| Others | 30.0 | 4.0 | -86.7% |
| Total | 400 | 2,200 | 450.0% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from the Philippines in 2022:
- Czech Republic (94.0 kg)
- South Korea (42.0 kg)
- Japan (13.0 kg)
- Germany (5.0 kg)
- China (4.0 kg)
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