Report Update Nov 1, 2024

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

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China: Magnesite Market 2024

Magnesite Market Size in China

The Chinese magnesite market rose sharply to $X in 2021, with an increase of 7.9% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Magnesite Production in China

In value terms, magnesite production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a deep contraction. The growth pace was the most rapid in 2015 when the production volume increased by 302%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Magnesite Exports

Exports from China

Magnesite exports from China skyrocketed to X tons in 2021, increasing by 126% on the previous year's figure. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 29,688%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, magnesite exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 13,132% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Japan (X tons), Indonesia (X tons) and the Philippines (X tons) were the main destinations of magnesite exports from China, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +340.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Japan ($X) and the Philippines ($X) constituted the largest markets for magnesite exported from China worldwide, together comprising 97% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +268.6%, saw the highest growth rate of 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 magnesite export price stood at $X per ton in 2021, which is down by -3.2% against the previous year. In general, the export price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 252% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Japan ($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 Caledonia (+54.6%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesite Imports

Imports into China

After two years of decline, purchases abroad of magnesite increased by 307% to X tons in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2016 when imports increased by 1,377% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, magnesite imports soared to $X in 2021. In general, imports continue to indicate significant growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest magnesite supplier to China, with a 76% share of total imports. Moreover, magnesite imports from Russia exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +209.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+25.3% per year) and Turkey (+15.5% per year).

In value terms, Russia ($X) constituted the largest supplier of magnesite to China, comprising 72% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +201.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.6% per year) and Pakistan (+29.0% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, growing by 29% against the previous year. In general, the import price, however, faced a deep slump. The pace of growth was the most pronounced in 2015 an increase of 850% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat 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 Turkey ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

China constituted the country with the largest volume of magnesite consumption, accounting for 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by the United Arab Emirates, with a 6.2% share.

What are the largest producers of magnesite in the world?

China remains the largest magnesite producing country worldwide, comprising approx. 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. Spain ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of magnesite to China?

In value terms, Turkey constituted the largest supplier of magnesite to China, comprising 63% of total imports. The second position in the ranking was occupied by Pakistan, with a 31% share of total imports.

What are the leading importers of magnesite from China?

In value terms, Japan remains the key foreign market for magnesite exports from China, comprising 61% of total exports. The second position in the ranking was occupied by Indonesia, with a 17% share of total exports. It was followed by the Philippines, with a 7.4% share.

What is the average export price for magnesite in China?

In 2020, the average magnesite export price amounted to $53 per ton, reducing by -35.8% against the previous year.

What is the average import price for magnesite in China?

The average magnesite import price stood at $152 per ton in 2020, approximately equating the previous year.

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

China

Data coverage:

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