China - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Decrease in China's Magnesium Price to $3,130 per Ton
China Magnesium Export Price in June 2023
In June 2023, the magnesium price amounted to $3,130 per ton (FOB, China), falling by -8.5% against the previous month. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in October 2022 an increase of 4.8% against the previous month. The export price peaked at $5,816 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In June 2023, the highest price was recorded for prices to Canada ($3,640 per ton) and Japan ($3,374 per ton), while the average price for exports to India ($3,022 per ton) and South Korea ($3,051 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-3.3%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Magnesium in China (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Canada | 5,676 | 4,543 | 4,011 | 4,079 | 3,906 | 4,124 | 3,769 | 3,795 | 3,669 | 3,486 | 3,807 | 4,179 | 3,640 |
| Japan | 6,399 | 5,492 | 5,528 | 4,013 | 5,812 | 5,478 | 5,514 | 5,477 | 4,388 | 4,512 | 3,226 | 3,419 | 3,374 |
| Netherlands | 5,704 | 4,875 | 4,480 | 3,874 | 3,914 | 4,054 | 3,869 | 3,628 | 3,677 | 3,635 | 3,344 | 3,338 | 3,252 |
| Turkey | 4,655 | 4,591 | 4,074 | 3,573 | 4,909 | 4,802 | 3,785 | 3,726 | 3,408 | 3,518 | 3,371 | 3,675 | 3,114 |
| South Korea | 6,348 | 5,235 | 5,264 | 4,098 | 4,507 | 5,032 | 4,087 | 5,087 | 5,182 | 5,214 | 3,586 | 3,374 | 3,051 |
| India | 6,758 | 5,621 | 5,775 | 4,483 | 4,311 | 3,888 | 4,114 | 4,607 | 4,197 | 4,494 | 3,350 | 3,271 | 3,022 |
| Average | 5,816 | 4,976 | 4,634 | 4,018 | 4,210 | 4,202 | 3,991 | 3,974 | 3,869 | 4,007 | 3,372 | 3,420 | 3,130 |
China Magnesium Exports
Magnesium exports from China surged to 32K tons in June 2023, growing by 34% against May 2023. Overall, exports, however, showed a slight downturn.
In value terms, magnesium exports surged to $100M (IndexBox estimates) in June 2023. In general, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in March 2023 when exports increased by 36% against the previous month.
China Magnesium Exports by Country
The Netherlands (7.8K tons) was the main destination for magnesium exports from China, accounting for a 24% share of total exports. Moreover, magnesium exports to the Netherlands exceeded the volume sent to the second major destination, Canada (2.7K tons), threefold. India (2.5K tons) ranked third in terms of total exports with a 7.8% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-2.3% per month) and India (-1.4% per month).
In value terms, the Netherlands ($25M) remains the key foreign market for magnesium exports from China, comprising 25% of total exports. The second position in the ranking was taken by Canada ($9.7M), with a 9.6% share of total exports. It was followed by India, with a 7.5% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of value to the Netherlands stood at -4.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-5.9% per month) and India (-7.8% per month).
This report provides an in-depth analysis of the magnesium market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
