Europe: Magnesium Market 2024

Magnesium Market Size in Europe

The Europe magnesium market soared to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Magnesium Production in Europe

In value terms, magnesium production reached $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Magnesium Exports

Exports in Europe

In 2022, shipments abroad of magnesium increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, magnesium exports soared to $X in 2022. Over the period under review, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the main exporter of magnesium in Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Czech Republic (X tons), Germany (X tons) and Belgium (X tons), together committing a X% share of total exports. Russia (X tons), Hungary (X tons) and Croatia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to magnesium exports from the Netherlands stood at X%. At the same time, Croatia (X%), Russia (X%), the Czech Republic (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Croatia (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic, Belgium, Hungary and Germany saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest magnesium supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium export price increased by X% against 2020 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Magnesium Imports

Imports in Europe

For the fourth year in a row, Europe recorded growth in purchases abroad of magnesium, which increased by X% to X tons in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports skyrocketed to $X in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Germany (X tons) were the largest importers of magnesium in 2022, recording near X% and X% of total imports, respectively. Romania (X tons) held the next position in the ranking, followed by Norway (X tons) and the Czech Republic (X tons). All these countries together took approx. X% share of total imports. Italy (X tons), Spain (X tons), Austria (X tons), Poland (X tons), France (X tons), Switzerland (X tons), Croatia (X tons) and Russia (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported magnesium in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, surging by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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