Price for Magnesium; Waste and Scrap in Switzerland - 2023
Contents:
- Price for Magnesium; Waste and Scrap in Switzerland (FOB) - 2023
- Price for Magnesium; Waste and Scrap in Switzerland (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in Switzerland
- Imports of Magnesium; Waste and Scrap in Switzerland
Price for Magnesium; Waste and Scrap in Switzerland (FOB) - 2023
The average magnesium; waste and scrap export price stood at $1,227 per ton in September 2023, declining by -3.7% against the previous month. Overall, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in January 2023 an increase of 122% m-o-m. As a result, the export price reached the peak level of $1,419 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($1,292 per ton), while the average price for exports to Germany amounted to $501 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.2%).
Price for Magnesium; Waste and Scrap in Switzerland (CIF) - 2022
The average magnesium; waste and scrap import price stood at $7,786 per ton in 2022, increasing by 76% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 111%. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Austria.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +5.1% per year.
Exports of Magnesium; Waste and Scrap in Switzerland
In 2022, approx. 2.4K tons of magnesium; waste and scraps were exported from Switzerland; increasing by 14% against the previous year. In general, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year.
In value terms, magnesium; waste and scrap exports dropped to $1.4M in 2022. Overall, exports, however, continue to indicate a deep downturn. The smallest decline of -2% was in 2021.
| Export of Magnesium; Waste and Scrap in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 217 | 44.8 | 72.2 | 1,054 | 69.4% |
| Germany | 1,008 | 481 | 120 | 231 | -38.8% |
| Italy | 151 | 41.5 | 59.9 | 118 | -7.9% |
| Austria | 298 | 104 | 46.3 | N/A | -60.6% |
| United States | 564 | 955 | 373 | N/A | -18.7% |
| Others | 14.5 | 7.8 | 929 | 2.8 | -42.2% |
| Total | 2,254 | 1,634 | 1,601 | 1,405 | -14.6% |
Top Export Markets for Magnesium; Waste and Scrap from Switzerland in 2022:
- Czech Republic (1727.4 tons)
- Germany (602.6 tons)
- Italy (22.0 tons)
Imports of Magnesium; Waste and Scrap in Switzerland
For the third consecutive year, Switzerland recorded decline in supplies from abroad of magnesium; waste and scraps, which decreased by -76.8% to 400 kg in 2022. Overall, imports recorded a dramatic setback. The smallest decline of -51.8% was in 2020.
In value terms, magnesium; waste and scrap imports contracted sharply to $3.1K in 2022. Over the period under review, imports recorded a sharp downturn. The smallest decline of -36% was in 2020.
| Import of Magnesium; Waste and Scrap in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | N/A | N/A | 3.1 | 0% |
| United Kingdom | 18.6 | 11.9 | 7.6 | N/A | -36.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.6 | 11.9 | 7.6 | 3.1 | -45.0% |
Top Suppliers of Magnesium; Waste and Scrap to Switzerland in 2022:
- Austria (400.0 kg)
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