Price for Magnesium; Waste and Scrap in Austria - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Austria (CIF) - 2023
- Price for Magnesium; Waste and Scrap in Austria (FOB) - 2022
- Imports of Magnesium; Waste and Scrap in Austria
- Exports of Magnesium; Waste and Scrap in Austria
Price for Magnesium; Waste and Scrap in Austria (CIF) - 2023
The average magnesium; waste and scrap import price stood at $2,661 per ton in July 2023, growing by 35% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 136% m-o-m. The import price peaked at $2,833 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,372 per ton), while the price for Germany ($879 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Waste and Scrap in Austria (FOB) - 2022
In 2022, the average magnesium; waste and scrap export price amounted to $1,612 per ton, picking up by 3.2% against the previous year. In general, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2013 an increase of 10%. Over the period under review, the average export prices attained the maximum at $1,636 per ton in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,036 per ton), while the average price for exports to Romania ($940 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 Romania (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Waste and Scrap in Austria
In 2022, imports of magnesium; waste and scraps into Austria skyrocketed to 4.1K tons, growing by 108% against 2021 figures. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, magnesium; waste and scrap imports soared to $6.9M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Waste and Scrap in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,169 | 2,174 | 2,014 | 4,528 | 57.0% |
| Netherlands | 164 | 143 | N/A | 1,033 | 84.7% |
| Italy | 164 | 61.5 | 142 | 747 | 65.8% |
| Slovakia | 235 | 76.8 | 83.4 | 276 | 5.5% |
| Spain | 450 | 478 | 240 | 138 | -32.6% |
| Others | 197 | 391 | 310 | 201 | 0.7% |
| Total | 2,380 | 3,325 | 2,789 | 6,923 | 42.7% |
Top Suppliers of Magnesium; Waste and Scrap to Austria in 2022:
- Germany (3055.5 tons)
- Italy (408.2 tons)
- Netherlands (361.1 tons)
- Slovakia (74.7 tons)
- Spain (53.2 tons)
Exports of Magnesium; Waste and Scrap in Austria
In 2022, shipments abroad of magnesium; waste and scraps decreased by -45.6% to 729 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 9.2%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, magnesium; waste and scrap exports declined markedly to $1.2M in 2022. Overall, exports recorded a significant contraction. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Magnesium; Waste and Scrap in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 422 | 784 | N/A | 778 | 22.6% |
| Belgium | 33.9 | 31.0 | 370 | 187 | 76.7% |
| Ukraine | 291 | 722 | 941 | 159 | -18.2% |
| Romania | 17.2 | 6.1 | 60.0 | 45.8 | 38.6% |
| Germany | 128 | 50.2 | 10.0 | 4.7 | -66.8% |
| Hungary | 959 | 963 | 496 | N/A | -28.1% |
| Slovenia | 49.1 | 71.0 | 216 | N/A | 109.7% |
| Serbia | 529 | 107 | N/A | N/A | -79.8% |
| Others | 5.8 | N/A | N/A | N/A | 0% |
| Total | 2,435 | 2,734 | 2,093 | 1,174 | -21.6% |
Top Export Markets for Magnesium; Waste and Scrap from Austria in 2022:
- United States (477.5 tons)
- Ukraine (108.0 tons)
- Belgium (91.8 tons)
- Romania (48.7 tons)
- Germany (2.6 tons)
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