Czech Republic: Magnesium Market 2024

Magnesium Market Size in the Czech Republic

In 2021, the Czech magnesium market decreased by -68.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2020, and then fell significantly in the following year.

Magnesium Production in the Czech Republic

In value terms, magnesium production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Magnesium Exports

Exports from the Czech Republic

In 2021, after two years of decline, there was significant growth in overseas shipments of magnesium, when their volume increased by 77% to X tons. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for magnesium exports from the Czech Republic, accounting for a 39% share of total exports. Moreover, magnesium exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The third position in this ranking was held by Switzerland (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+899.1% per year) and Switzerland (-0.9% per year).

In value terms, the United States ($X) remains the key foreign market for magnesium exports from the Czech Republic, comprising 47% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+975.5% per year) and Germany (-14.5% per year).

Export Prices by Country

In 2021, the average magnesium export price amounted to $X per ton, growing by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Switzerland ($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 Brazil (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesium Imports

Imports into the Czech Republic

In 2021, supplies from abroad of magnesium increased by 87% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports skyrocketed to $X in 2021. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest magnesium supplier to the Czech Republic, accounting for a 53% share of total imports. Moreover, magnesium imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+47.9% per year) and Germany (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of magnesium to the Czech Republic, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+45.7% per year) and Germany (-7.1% per year).

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, growing by 32% against the previous year. Over the period under review, the import price, however, showed a slight setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($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 (+131.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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