Price for Magnesium; Waste and Scrap in Brazil - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Brazil (CIF) - 2022
- Imports of Magnesium; Waste and Scrap in Brazil
Price for Magnesium; Waste and Scrap in Brazil (CIF) - 2022
The average magnesium; waste and scrap import price stood at $2,826 per ton in 2022, picking up by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 China ($5,166 per ton), while the price for Germany ($1,773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+45.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Magnesium; Waste and Scrap in Brazil
In 2022, the amount of magnesium; waste and scraps imported into Brazil soared to 10K tons, with an increase of 183% compared with the year before. Overall, imports posted significant growth. 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 skyrocketed to $29M in 2022. Over the period under review, imports saw 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.2 | 1.4 | 1.8 | 7.0 | 80.0% |
| China | N/A | 0.1 | N/A | 4.7 | 585.6% |
| India | 0.2 | N/A | 0.1 | 3.3 | 154.6% |
| United Arab Emirates | N/A | N/A | N/A | 2.6 | 0% |
| Malaysia | 0.1 | N/A | 0.6 | 2.5 | 192.4% |
| Indonesia | 0.2 | 0.5 | 0.6 | 2.2 | 122.4% |
| Thailand | 0.1 | 0.3 | 0.3 | 1.4 | 141.0% |
| United Kingdom | N/A | N/A | N/A | 1.3 | 0% |
| Spain | 0.3 | 0.3 | 0.8 | 1.1 | 54.2% |
| Taiwan (Chinese) | 0.6 | 0.1 | 1.1 | 0.5 | -5.9% |
| Mexico | 0.3 | 0.1 | 0.4 | 0.5 | 18.6% |
| South Korea | 1.5 | 0.9 | 1.3 | 0.2 | -48.9% |
| Others | 0.9 | 0.3 | 0.5 | 1.8 | 26.0% |
| Total | 5.4 | 4.0 | 7.5 | 29.3 | 75.7% |
Top Suppliers of Magnesium; Waste and Scrap to Brazil in 2022:
- Germany (3962.5 tons)
- Malaysia (1235.9 tons)
- China (908.2 tons)
- India (905.6 tons)
- Indonesia (789.2 tons)
- United Arab Emirates (656.6 tons)
- Thailand (409.6 tons)
- United Kingdom (389.3 tons)
- Spain (313.0 tons)
- Mexico (123.7 tons)
- Taiwan (Chinese) (91.7 tons)
- South Korea (43.6 tons)
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