Asia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

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

In 2022, the Asian magnesium hydroxide and peroxide market increased by 3.7% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

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

In value terms, magnesium hydroxide and peroxide production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 22%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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

Exports in Asia

Magnesium hydroxide and peroxide exports expanded to X tons in 2022, growing by 3.7% on 2021 figures. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 9.3%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, magnesium hydroxide and peroxide exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China was the largest exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Asia, with the volume of exports resulting at X tons, which was approx. 55% of total exports in 2022. It was distantly followed by Japan (X tons) and Israel (X tons), together constituting a 36% share of total exports. The United Arab Emirates (X tons) and India (X tons) held a minor share of total exports.

Exports from China decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, the United Arab Emirates (+13.3%), India (+9.1%), Israel (+6.5%) and Japan (+2.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.3% from 2012-2022. From 2012 to 2022, the share of Israel, the United Arab Emirates and Japan increased by +6.4, +2.7 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest magnesium hydroxide and peroxide supplying countries in Asia were China ($X), Japan ($X) and Israel ($X), with a combined 91% share of total exports. India and the United Arab Emirates lagged somewhat behind, together accounting for a further 5.9%.

India, with a CAGR of +15.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the export price increased by 14% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2022, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -0.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 10%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by South Korea (X tons), Japan (X tons), Turkey (X tons) and Georgia (X tons) represented the largest importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, together committing 76% of total imports. Singapore (X tons), the United Arab Emirates (X tons), Vietnam (X tons), India (X tons), Indonesia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Bangladesh (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +291.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), with a combined 64% share of total imports. Bangladesh, Turkey, India, Indonesia, Singapore, Thailand, Vietnam, Taiwan (Chinese), the United Arab Emirates and Georgia lagged somewhat behind, together accounting for a further 33%.

Georgia, with a CAGR of +160.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 an increase of 23%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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