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Spain - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jun 1, 2025

Spain - Magnesium - Market Analysis, Forecast, Size, Trends And Insights

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Oct 25, 2024

In 2023, Spain Reduces Magnesium Purchases by 66%, Dropping to $18M

Spain Magnesium Imports

In 2023, supplies from abroad of magnesium decreased by -65.4% to 4.6K tons for the first time since 2020, thus ending a two-year rising trend. In general, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 60% against the previous year. Over the period under review, imports attained the peak figure at 13K tons in 2022, and then dropped notably in the following year.

In value terms, magnesium imports fell significantly to $18M (IndexBox estimates) in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by 69% against the previous year. As a result, imports attained the peak of $53M, and then dropped markedly in the following year.Spain Magnesium Imports By Country (Million USD)

COUNTRYImport Value of Magnesium in Spain (million USD)
20132014201520162017201820192020202120222023
China6.49.712.212.315.018.619.014.320.936.49.5
Netherlands0.10.10.10.2N/A0.2N/AN/A0.51.84.5
Germany4.26.49.14.811.33.21.31.83.37.02.0
Austria6.38.95.14.45.15.74.72.93.12.41.0
Czech Republic0.10.10.10.10.10.1N/AN/A1.92.90.4
SwedenN/AN/AN/AN/A0.10.80.60.30.51.20.4
Others0.91.01.00.20.10.40.30.61.41.20.5
Total18.126.127.422.031.729.026.019.931.453.018.2

Imports by Country

In 2023, China (2.5K tons) constituted the largest magnesium supplier to Spain, with a 54% share of total imports. Moreover, magnesium imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (1K tons), twofold. The third position in this ranking was taken by Germany (498 tons), with an 11% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+39.5% per year) and Germany (-8.4% per year).

In value terms, China ($9.5M) constituted the largest supplier of magnesium to Spain, comprising 52% of total imports. The second position in the ranking was taken by the Netherlands ($4.5M), with a 25% share of total imports. It was followed by Germany, with an 11% share.

From 2013 to 2023, the average annual growth rate of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+44.1% per year) and Germany (-7.2% per year).

Imports by Type

Unwrought magnesium of at least 99.8% purity (2.9K tons) and unwrought magnesium of less than 99.8% purity (1.7K tons) were the main products of magnesium imports to Spain.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by unwrought magnesium of at least 99.8% purity (with a CAGR of +6.2%).

In value terms, magnesium with the largest imports in Spain were unwrought magnesium of at least 99.8% purity ($11M) and unwrought magnesium of less than 99.8% purity ($7M).

Import Prices by Country

In 2023, the magnesium price amounted to $3,992 per ton (CIF, Spain), remaining relatively unchanged against the previous year. In general, import price indicated a slight increase from 2013 to 2023: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, magnesium import price increased by +61.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $4,012 per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,459 per ton), while the price for the Czech Republic ($2,493 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the magnesium market in Spain. 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:

    • Spain

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Spain
    • 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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and its Prospects

      1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      5. MARKET FORECAST TO 2035

    4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

      Finding New Products to Diversify Your Business

      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCTS
      4. MOST TRADED PRODUCTS
      5. MOST PROFITABLE PRODUCTS FOR EXPORTS

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      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 Export

      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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
      3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
      3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

    11. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country, 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, 2012–2024

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
      8. Market Volume Forecast to 2035
      9. Market Value Forecast to 2035
      10. Market Size and Growth, By Product
      11. Average Per Capita Consumption, By Product
      12. Exports and Growth, By Product
      13. Export Prices and Growth, By Product
      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: Historical Data (2012–2024) and Forecast (2025–2035)
      22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      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, 2012–2024
      29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      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, 2012–2024

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