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South Africa - Magnesite - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2025

South Africa - Magnesite - Market Analysis, Forecast, Size, Trends And Insights

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November 22, 2024 at 4:13 AM GMT+0

South Africa's Import of Magnesite Falls Significantly to $1.3M in 2023

South Africa Magnesite Imports

In 2023, the amount of magnesite imported into South Africa fell rapidly to 3.7K tons, dropping by -23.4% against the year before. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at 16K tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, magnesite imports dropped to $1.3M (IndexBox estimates) in 2023. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, imports hit record highs at $3.9M in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

COUNTRYImport Value of Magnesite in South Africa (thousand USD)
20132014201520162017201820192020202120222023
China2832,1507885951,3821,1591,4751,2831,769777900
Zimbabwe3,2588081,398928962800365N/A68.6677356
IsraelN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A58.3
Saudi ArabiaN/AN/A311N/AN/A6.986.0N/AN/AN/AN/A
Japan27619028220477.9N/A0.3N/A0.5N/AN/A
Others44.032.510365.248.233.416.610.674.333.59.7
Total3,8613,1802,8831,7912,4702,0001,9441,2931,9121,4881,325
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Imports by Country

In 2023, China (2.6K tons) constituted the largest magnesite supplier to South Africa, with a 69% share of total imports. Moreover, magnesite imports from China exceeded the figures recorded by the second-largest supplier, Zimbabwe (1.1K tons), twofold.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Zimbabwe (-22.5% per year) and Israel (0.0% per year).

In value terms, China ($900K) constituted the largest supplier of magnesite to South Africa, comprising 68% of total imports. The second position in the ranking was held by Zimbabwe ($356K), with a 27% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of value from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Zimbabwe (-19.9% per year) and Israel (0.0% per year).

Import Prices by Country

In 2023, the magnesite price stood at $355 per ton (CIF, South Africa), jumping by 16% against the previous year. In general, import price indicated noticeable growth from 2013 to 2023: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, magnesite import price increased by +75.5% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 24%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($349 per ton), while the price for Zimbabwe stood at $312 per ton.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (+3.5%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the magnesite market in South Africa. 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:

  • UNCode 16390-1 - Magnesite

Country coverage:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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