Price for Magnesium; Waste and Scrap in Indonesia - 2022
Contents:
- Price for Magnesium; Waste and Scrap in Indonesia (FOB) - 2022
- Exports of Magnesium; Waste and Scrap in Indonesia
Price for Magnesium; Waste and Scrap in Indonesia (FOB) - 2022
The average magnesium; waste and scrap export price stood at $1,046 per ton in 2022, growing by 3.5% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. As a result, the export price attained the peak level of $1,821 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($1,591 per ton), while the average price for exports to China ($507 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 the United States (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Magnesium; Waste and Scrap in Indonesia
In 2022, the amount of magnesium; waste and scraps exported from Indonesia fell notably to 1K tons, declining by -34.4% compared with the year before. Over the period under review, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 221% against the previous year. As a result, the exports reached the peak of 1.6K tons, and then fell remarkably in the following year.
In value terms, magnesium; waste and scrap exports contracted markedly to $1.1M in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 179%. As a result, the exports attained the peak of $1.6M, and then reduced notably in the following year.
Export of Magnesium; Waste and Scrap in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 96.5 | 232 | 636 | 694 | 93.0% |
China | 289 | 254 | 801 | 249 | -4.8% |
Czech Republic | 16.2 | N/A | N/A | 37.3 | 32.0% |
Hong Kong SAR | N/A | N/A | 94.6 | N/A | 0% |
United States | 655 | N/A | N/A | N/A | 0% |
Others | 18.5 | 77.0 | 41.2 | 87.7 | 68.0% |
Total | 1,075 | 563 | 1,572 | 1,068 | -0.2% |
Top Export Markets for Magnesium; Waste and Scrap from Indonesia in 2022:
- China (490.7 tons)
- Brazil (436.2 tons)
- Czech Republic (27.7 tons)
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