Austria: 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 Austria

In 2022, the Austrian magnesium hydroxide and peroxide market decreased by -8% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption, however, saw a strong expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, magnesium hydroxide and peroxide production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 8.7%. Magnesium hydroxide and peroxide production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from Austria

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were exported from Austria; growing by 3.5% compared with the previous year's figure. Over the period under review, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for magnesium hydroxide and peroxide exports from Austria, with a 48% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.4% per year) and the United States (-7.0% per year).

In value terms, Italy ($X) remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Austria, comprising 47% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by the United States, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.5% per year) and the United States (-5.1% per year).

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Portugal ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -30.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 110%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 111% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Russia (X tons) were the main suppliers of magnesium hydroxide and peroxide imports to Austria, together accounting for 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +134.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide suppliers to Austria were Germany ($X), the Netherlands ($X) and Russia ($X), with a combined 89% share of total imports.

Among the main suppliers, Russia, with a CAGR of +159.7%, saw the highest growth rate of 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

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, with an increase of 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2019 an increase of 24%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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