Overview of the Global Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

In 2023, after two years of growth, there was decline in the global magnesium hydroxide and peroxide market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

In value terms, magnesium hydroxide and peroxide production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, global production attained the maximum level in 2023 and is expected to retain growth in the near future.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports

Global magnesium hydroxide and peroxide exports rose markedly to X tons in 2023, with an increase of X% on the year before. Over the period under review, total exports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports reduced to $X in 2023. Overall, total exports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2022, and then fell in the following year.

Exports by Country

The Netherlands (X tons), China (X tons) and Russia (X tons) represented roughly X% of total exports in 2023. The United States (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Israel (X%). Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide supplying countries worldwide were Russia ($X), China ($X) and the Netherlands ($X), with a combined X% share of global exports.

In terms of the main exporting countries, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average magnesium hydroxide and peroxide export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports

In 2023, after two years of growth, there was significant decline in supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, when their volume decreased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports fell to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the peak figure at $X in 2022, and then reduced in the following year.

Imports by Country

China (X tons), Germany (X tons), South Korea (X tons), Italy (X tons), the United States (X tons), Canada (X tons), Portugal (X tons), the UK (X tons), Japan (X tons), Singapore (X tons), the Netherlands (X tons) and Turkey (X tons) represented roughly X% of total imports in 2023. France (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide importing markets worldwide were Germany ($X), Italy ($X) and China ($X), together comprising X% of global imports. The United States, South Korea, Portugal, Canada, France, Japan, the UK, Singapore, the Netherlands and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform