Austria: Magnesite Market 2024

Magnesite Market Size in Austria

The Austrian magnesite market fell to $X in 2021, which is down by -5.7% against the previous year. In general, consumption continues to indicate a slight expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Magnesite Production in Austria

In value terms, magnesite production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 90% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Magnesite Exports

Exports from Austria

In 2021, approx. X tons of magnesite were exported from Austria; growing by 40% against 2020 figures. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesite exports soared to $X in 2021. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 57%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for magnesite exports from Austria, with a 94% share of total exports. It was followed by the Czech Republic (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.1% per year) and Australia (+2,431.4% per year).

In value terms, Germany ($X) remains the key foreign market for magnesite exports from Austria, comprising 69% of total exports. The second position in the ranking was held by Australia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+1,951.8% per year) and the Czech Republic (+15.5% per year).

Export Prices by Country

The average magnesite export price stood at $X per ton in 2021, with an increase of 9.8% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnesite export price increased by +17.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 79%. As a result, the export price reached 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Magnesite Imports

Imports into Austria

In 2021, imports of magnesite into Austria shrank to X tons, waning by -7.6% compared with 2020 figures. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 855% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, magnesite imports reached $X in 2021. In general, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of 348%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Turkey (X tons) and France (X tons) were the main suppliers of magnesite imports to Austria, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +97.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of magnesite to Austria, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+114.8% per year) and Turkey (+32.3% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, surging by 18% against the previous year. In general, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 an increase of 68%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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