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Report Asia-Pacific - Magnesite - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Asia-Pacific - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Asia-Pacific: Magnesite Market 2024

Magnesite Market Size in Asia-Pacific

The Asia-Pacific magnesite market reached $X in 2021, picking up by 7.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Magnesite Production in Asia-Pacific

In value terms, magnesite production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 181% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports in Asia-Pacific

Magnesite exports skyrocketed to X tons in 2021, increasing by 124% against the year before. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 857%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, magnesite exports soared to $X in 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 93% of total exports in 2021. Australia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the magnesite exports, with a CAGR of +192.3% from 2012 to 2021. At the same time, Australia (+41.1%) and Pakistan (+30.2%) displayed positive paces of growth. China (+92 p.p.) significantly strengthened its position in terms of the total exports, while Australia and Pakistan saw its share reduced by -24.5% and -35.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest magnesite supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by Australia ($X), with a 20% share of total exports.

In China, magnesite exports expanded at an average annual rate of +132.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+19.3% per year) and Pakistan (+16.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, which is down by -17.3% against the previous year. In general, the export price recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 an increase of 35%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-10.3%), while the other leaders experienced a decline in the export price figures.

Magnesite Imports

Imports in Asia-Pacific

Magnesite imports surged to X tons in 2021, increasing by 144% on the previous year. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 178%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, magnesite imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the main importing country with an import of around X tons, which reached 60% of total imports. It was distantly followed by Indonesia (X tons) and India (X tons), together making up a 31% share of total imports. The following importers - China (X tons) and the Philippines (X tons) - together made up 4.9% of total imports.

Japan was also the fastest-growing in terms of the magnesite imports, with a CAGR of +86.9% from 2012 to 2021. At the same time, the Philippines (+56.8%), China (+52.5%), India (+39.4%) and Indonesia (+22.7%) displayed positive paces of growth. While the share of Japan (+59 p.p.), India (+9.7 p.p.), Indonesia (+4.8 p.p.) and China (+3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported magnesite in Asia-Pacific, comprising 52% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia amounted to +16.9%. In the other countries, the average annual rates were as follows: Japan (+49.9% per year) and China (+31.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of magnesite consumption was China, comprising approx. 64% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by Japan, with a 7.6% share.
China constituted the country with the largest volume of magnesite production, accounting for 88% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Pakistan, more than tenfold. The third position in this ranking was occupied by Australia, with a 2.3% share.
In value terms, China remains the largest magnesite supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was occupied by Australia, with a 24% share of total exports.
In value terms, Japan constitutes the largest market for imported magnesite in Asia-Pacific, comprising 40% of total imports. The second position in the ranking was occupied by New Zealand, with a 12% share of total imports. It was followed by Malaysia, with an 8.5% share.
In 2020, the magnesite export price in Asia-Pacific amounted to $69 per ton, shrinking by -32.1% against the previous year.
The magnesite import price in Asia-Pacific stood at $177 per ton in 2020, falling by -53.6% against the previous year.

This report provides an in-depth analysis of the magnesite market in Asia-Pacific. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia-Pacific, split by region and country
  • Trade (exports and imports) in Asia-Pacific
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Australia
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cook Islands
    • Fiji
    • French Polynesia
    • India
    • Indonesia
    • Japan
    • Kiribati
    • Malaysia
    • Maldives
    • Marshall Islands
    • Micronesia
    • Myanmar
    • Nepal
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Pakistan
    • Palau
    • Papua New Guinea
    • Philippines
    • Samoa
    • Singapore
    • Solomon Islands
    • South Korea
    • Sri Lanka
    • Taiwan (Chinese)
    • Thailand
    • Timor-Leste
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Vietnam
    • Wallis and Futuna Islands
    • Lao People's Democratic Republic
    • American Samoa
    • Democratic People's Republic of Korea
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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