Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (FOB) - 2023
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (CIF) - 2022
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (FOB) - 2023
In December 2023, the average export price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $3,183 per ton, waning by -3.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 5.4% month-to-month. Over the period under review, the average export prices attained the maximum at $3,575 per ton in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Japan ($4,250 per ton), while the average price for exports to the UK ($2,821 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.7%), while the prices for the other major destinations experienced a decline.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (CIF) - 2022
In 2022, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $66,768 per ton, which is down by -2.3% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 756% against the previous year. Over the period under review, average import prices hit record highs at $68,335 per ton in 2021, and then fell modestly 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 Austria ($175,413 per ton), while the price for the United States ($29,948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses exported from China fell to 69K tons, waning by -8.6% compared with the previous year. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1% against the previous year.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses surged to $355M in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 51.2 | 37.4 | 71.5 | 79.3 | 15.7% |
| Turkey | 27.3 | 20.3 | 33.6 | 57.6 | 28.3% |
| Netherlands | 41.1 | 27.7 | 57.9 | 52.9 | 8.8% |
| India | 18.4 | 14.8 | 17.6 | 36.7 | 25.9% |
| Slovakia | 7.5 | 5.2 | 22.6 | 27.4 | 54.0% |
| Japan | 13.7 | 9.1 | 16.8 | 18.1 | 9.7% |
| South Africa | 7.3 | 6.0 | 10.1 | 13.6 | 23.0% |
| United Kingdom | 6.9 | 4.1 | 5.4 | 8.7 | 8.0% |
| Poland | 4.4 | 2.3 | 3.1 | 8.5 | 24.5% |
| Portugal | N/A | 2.2 | 1.6 | 6.0 | 65.1% |
| Slovenia | 2.3 | 4.3 | 4.4 | 3.0 | 9.3% |
| Others | 27.5 | 21.4 | 32.6 | 42.7 | 15.8% |
| Total | 208 | 155 | 277 | 355 | 19.5% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from China in 2022:
- Canada (15.1K tons)
- Netherlands (10.7K tons)
- Turkey (10.2K tons)
- India (7.2K tons)
- Slovakia (5.4K tons)
- Japan (3.4K tons)
- South Africa (2.9K tons)
- United Kingdom (1.9K tons)
- Portugal (1.8K tons)
- Poland (1.7K tons)
- Slovenia (0.8K tons)
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China
In 2022, purchases abroad of magnesium; raspings, turnings and granules, graded according to size, powderses decreased by -65.2% to 1.8 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 440%. As a result, imports reached the peak of 31 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses plummeted to $118K in 2022. Overall, imports faced a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $387K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 234 | 271 | 296 | 78.2 | -30.6% |
| United States | 27.6 | 26.5 | 37.2 | 39.1 | 12.3% |
| Japan | 4.5 | 1.3 | 0.7 | 0.4 | -55.4% |
| South Korea | 31.0 | 32.6 | 12.4 | N/A | -36.8% |
| Taiwan (Chinese) | 9.7 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 55.8 | 0.1 | 0.1 | -53.6% |
| Total | 307 | 387 | 347 | 118 | -27.3% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to China in 2022:
- United States (1307.0 kg)
- Austria (446.0 kg)
- Japan (10.0 kg)
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