Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada - 2024
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (CIF) - 2024
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (CIF) - 2024
In January 2024, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $3,729 per ton, increasing by 5.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 21% month-to-month. As a result, import price reached the peak level of $4,219 per ton. From May 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -0.6% per month.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (FOB) - 2022
The average export price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $5,752 per ton in 2022, surging by 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The export price peaked at $5,926 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($5,759 per ton), while the average price for exports to Mexico amounted to $5,713 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.6%).
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses imported into Canada was estimated at 18K tons, with an increase of 2.9% compared with the year before. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses surged to $117M in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 99%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.5 | 32.9 | 66.0 | 117 | 27.5% |
| Others | 1.0 | 0.8 | 0.8 | 0.2 | -41.5% |
| Total | 57.5 | 33.6 | 66.9 | 117 | 26.7% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Canada in 2022:
- China (18.1K tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada
For the third consecutive year, Canada recorded decline in overseas shipments of magnesium; raspings, turnings and granules, graded according to size, powderses, which decreased by -99.4% to 1.5 tons in 2022. Over the period under review, exports showed a dramatic slump. The smallest decline of -27.3% was in 2020.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses fell rapidly to $8.4K in 2022. In general, exports recorded a precipitous decrease. The smallest decline of -14.1% was in 2020.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 7.1 | 0% |
| Mexico | 0.6 | 1.1 | 1.3 | 1.2 | 26.0% |
| Slovakia | N/A | N/A | 208 | N/A | 0% |
| United States | 3,705 | 3,161 | 905 | N/A | -50.6% |
| Others | N/A | 19.4 | N/A | N/A | 0% |
| Total | 3,706 | 3,182 | 1,115 | 8.4 | -86.9% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from Canada in 2022:
- Turkey (1240.0 kg)
- Mexico (216.0 kg)
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