Benelux: Magnesite Market 2024

Magnesite Market Size in Benelux

The Benelux magnesite market fell notably to $X in 2021, which is down by -45.6% against the previous year. In general, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Magnesite Production in Benelux

In value terms, magnesite production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 22%. As a result, production attained the peak level of $X, and then shrank in the following year.

Magnesite Exports

Exports in Benelux

In 2021, overseas shipments of magnesite increased by 91% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a measured expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 112% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, magnesite exports expanded significantly to $X in 2021. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 359%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, the Netherlands (X tons) represented the largest exporter of magnesite, mixing up 66% of total exports. It was distantly followed by Luxembourg (X tons), mixing up a 31% share of total exports. Belgium (X tons) held a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the magnesite exports, with a CAGR of +37.6% from 2012 to 2021. Luxembourg (-7.5%) and Belgium (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +61 percentage points.

In value terms, the Netherlands ($X) remains the largest magnesite supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +35.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+12.2% per year) and Luxembourg (-2.1% per year).

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, reducing by -41.1% against the previous year. Overall, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 159% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.7%), while the other leaders experienced mixed trends in the export price figures.

Magnesite Imports

Imports in Benelux

In 2021, approx. X tons of magnesite were imported in Benelux; which is down by -26.8% on the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 184%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, magnesite imports totaled $X in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 725%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The Netherlands was the key importer of magnesite in Benelux, with the volume of imports finishing at X tons, which was approx. 60% of total imports in 2021. It was distantly followed by Luxembourg (X tons), making up a 39% share of total imports. Belgium (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +30.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported magnesite in Benelux, comprising 94% of total imports. The second position in the ranking was held by Luxembourg ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands amounted to +53.8%. In the other countries, the average annual rates were as follows: Luxembourg (+3.5% per year) and Belgium (-1.3% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, surging by 50% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 190%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+30.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform