Czech Republic: Magnesite Market 2024

Magnesite Market Size in the Czech Republic

In 2021, the Czech magnesite market decreased by -9.2% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt slump. Magnesite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Magnesite Exports

Exports from the Czech Republic

In 2021, the amount of magnesite exported from the Czech Republic surged to X tons, increasing by 66% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 12,851%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, magnesite exports skyrocketed to $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 3,817% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for magnesite exports from the Czech Republic, accounting for a 55% share of total exports. Moreover, magnesite exports to South Africa exceeded the volume sent to the second major destination, Greece (X tons), twofold. Poland (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+13.5% per year) and Poland (+29.7% per year).

In value terms, Greece ($X), Poland ($X) and South Africa ($X) appeared to be the largest markets for magnesite exported from the Czech Republic worldwide, with a combined 60% share of total exports. Germany, Slovakia, Italy and Slovenia lagged somewhat behind, together accounting for a further 11%.

In terms of the main countries of destination, Germany, with a CAGR of +178.4%, 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

In 2021, the average magnesite export price amounted to $X per ton, which is down by -23.1% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 99%. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to South Africa ($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 Germany (+73.9%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesite Imports

Imports into the Czech Republic

In 2021, overseas purchases of magnesite decreased by -12.6% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 570%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnesite imports reached $X in 2021. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 233% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of magnesite to the Czech Republic, with a 82% share of total imports. Moreover, magnesite imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.5% per year) and Italy (-7.2% per year).

In value terms, Slovakia ($X) constituted the largest supplier of magnesite to the Czech Republic, comprising 73% of total imports. The second position in the ranking was held by Poland ($X), with a 7.4% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.4% per year) and Italy (-5.8% per year).

Import Prices by Country

In 2021, the average magnesite import price amounted to $X per ton, rising by 29% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 101% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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