Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine - 2024
Contents:
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (CIF) - 2022
- Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (FOB) - 2022
- Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine
- Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (CIF) - 2022
The average import price for magnesium; articles thereof, including waste and scrap stood at $3,576 per ton in 2022, growing by 56% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +102.3% against 2018 indices. As a result, import price reached 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 Russia ($11,720 per ton), while the price for the Netherlands ($1,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (FOB) - 2022
In 2022, the average export price for magnesium; articles thereof, including waste and scrap amounted to $20,380 per ton, with a decrease of -4.9% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 141%. The export price peaked at $65,634 per ton in 2013; however, from 2014 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 China ($91,739 per ton), while the average price for exports to Lithuania ($1,193 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 Kazakhstan (+94.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine
After three years of growth, overseas purchases of magnesium; articles thereof, including waste and scrap decreased by -59.4% to 1.5K tons in 2022. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 37%.
In value terms, imports of magnesium; articles thereof, including waste and scrap declined significantly to $5.5M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $8.7M, and then dropped sharply in the following year.
Import of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,417 | 3,776 | 5,296 | 4,331 | 8.2% |
Netherlands | 356 | 630 | 380 | 231 | -13.4% |
Germany | 89.2 | 36.3 | 289 | 195 | 29.8% |
Austria | 303 | 753 | 980 | 163 | -18.7% |
Turkey | N/A | N/A | N/A | 110 | 0% |
Slovenia | 81.7 | 102 | 790 | 92.7 | 4.3% |
Bulgaria | 89.4 | 48.5 | 53.1 | 84.6 | -1.8% |
Poland | 106 | 225 | 261 | 18.4 | -44.2% |
Others | 288 | 354 | 654 | 281 | -0.8% |
Total | 4,730 | 5,924 | 8,704 | 5,507 | 5.2% |
Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Ukraine in 2022:
- China (1009.6 tons)
- Netherlands (228.6 tons)
- Austria (107.0 tons)
- Slovenia (67.4 tons)
- Germany (39.8 tons)
- Turkey (27.8 tons)
- Bulgaria (24.7 tons)
- Poland (11.6 tons)
Exports of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine
In 2022, overseas shipments of magnesium; articles thereof, including waste and scrap decreased by -70.3% to 3.9 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of magnesium; articles thereof, including waste and scrap fell dramatically to $79K in 2022. Over the period under review, exports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2020 with an increase of 309% against the previous year. As a result, the exports attained the peak of $337K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Magnesium; Articles Thereof, Including Waste and Scrap in Ukraine (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 34.2 | 45.4 | 95.8 | 24.0 | -11.1% |
China | 9.9 | 191 | 12.2 | 14.8 | 14.3% |
Kazakhstan | N/A | N/A | 23.5 | 11.6 | -50.6% |
Hong Kong SAR | 8.9 | 59.2 | 103 | 10.8 | 6.7% |
Georgia | 0.9 | 2.7 | 10.5 | 7.5 | 102.7% |
Moldova | 13.9 | 6.6 | N/A | 1.9 | -48.5% |
Belarus | 1.3 | 4.6 | 5.1 | 0.8 | -14.9% |
Lithuania | 0.2 | 1.3 | 0.1 | 0.5 | 35.7% |
Others | 13.1 | 26.3 | 31.1 | 7.6 | -16.6% |
Total | 82.4 | 337 | 282 | 79.4 | -1.2% |
Top Export Markets for Magnesium; Articles Thereof, Including Waste and Scrap from Ukraine in 2022:
- Georgia (1544.0 kg)
- Bosnia and Herzegovina (623.0 kg)
- Lithuania (388.0 kg)
- Kazakhstan (302.0 kg)
- Hong Kong SAR (282.0 kg)
- Belarus (277.0 kg)
- Moldova (222.0 kg)
- China (161.0 kg)
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