China: 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 China

The Chinese magnesium hydroxide and peroxide market skyrocketed to $X in 2022, increasing by 23% against the previous year. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

In value terms, magnesium hydroxide and peroxide production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 76% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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

Exports from China

In 2022, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports expanded notably to $X in 2022. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

South Korea (X tons), Japan (X tons) and the United States (X tons) were the main destinations of magnesium hydroxide and peroxide exports from China, together accounting for 39% of total exports. The United Arab Emirates, Sweden, the Netherlands, Germany, Panama, Turkey, Malta, Vietnam, Liberia and France lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Liberia (with a CAGR of +220.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for magnesium hydroxide and peroxide exported from China were Japan ($X), South Korea ($X) and the United States ($X), together accounting for 51% of total exports. Germany, Sweden, the Netherlands, France, the United Arab Emirates, Turkey, Vietnam, Panama, Malta and Liberia lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Liberia, with a CAGR of +218.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, growing by 5.9% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium hydroxide and peroxide export price increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.6%), 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 China

In 2022, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 57% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 316% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 159% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of magnesium hydroxide and peroxide to China, with a 67% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +56.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+228.7% per year) and Japan (-5.5% per year).

In value terms, Russia ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to China, comprising 79% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.7% share of total imports. It was followed by Japan, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+139.7% per year) and Japan (-8.0% per year).

Import Prices by Country

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, dropping by -11.9% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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