Report Update Nov 1, 2024

Australia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Magnesite Market 2024

Magnesite Market Size in Australia

In 2021, after two years of growth, there was significant decline in the Australian magnesite market, when its value decreased by -17.8% to $X. Overall, consumption continues to indicate a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Magnesite Production in Australia

In value terms, magnesite production fell significantly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 128% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports from Australia

In 2021, exports of magnesite from Australia skyrocketed to X tons, increasing by 330% compared with the year before. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesite exports skyrocketed to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 331%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for magnesite exports from Australia, with a 44% share of total exports. Moreover, magnesite exports to Indonesia exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +133,759.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-4.5% per year) and Malaysia (+79.2% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for magnesite exports from Australia, comprising 43% of total exports. The second position in the ranking was held by New Zealand ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled +17,640.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-13.7% per year) and Malaysia (+61.6% per year).

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, reducing by -64.9% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (-9.7%), while the prices for the other major destinations experienced a decline.

Magnesite Imports

Imports into Australia

In 2021, imports of magnesite into Australia skyrocketed to X tons, with an increase of 419% compared with the previous year. Over the period under review, imports, however, showed a perceptible slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, magnesite imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Austria (X tons) and Spain (X tons) were the main suppliers of magnesite imports to Australia, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +4,313.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest magnesite suppliers to Australia were Austria ($X), Brazil ($X) and Spain ($X), with a combined 88% share of total imports.

Among the main suppliers, Spain, with a CAGR of +850.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, waning by -66.7% against the previous year. Over the period under review, the import price showed a noticeable decrease. The growth pace was the most rapid in 2016 an increase of 98% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

The country with the largest volume of magnesite consumption was China, comprising approx. 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The United Arab Emirates ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of magnesite in the world?

China constituted the country with the largest volume of magnesite production, accounting for 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. The third position in this ranking was occupied by Spain, with a 7.3% share.

What are the leading suppliers of magnesite to Australia?

In value terms, China constituted the largest supplier of magnesite to Australia, comprising 30% of total imports. The second position in the ranking was occupied by Japan, with a 10% share of total imports. It was followed by Saudi Arabia, with a 9.7% share.

What are the leading importers of magnesite from Australia?

In value terms, New Zealand, Zambia and New Caledonia appeared to be the largest markets for magnesite exported from Australia worldwide, with a combined 93% share of total exports.

What is the average export price for magnesite in Australia?

The average magnesite export price stood at $340 per ton in 2020, surging by 15% against the previous year.

What is the average import price for magnesite in Australia?

The average magnesite import price stood at $1,060 per ton in 2020, growing by 80% against the previous year.

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

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
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:

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023