Denmark: Magnesium Market 2025

Magnesium Market Size in Denmark

The Danish magnesium market skyrocketed to $X in 2021, increasing by 103% against the previous year. Overall, consumption, however, recorded a drastic downturn. Magnesium consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Magnesium Production in Denmark

In value terms, magnesium production amounted to less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Magnesium Exports

Exports from Denmark

In 2021, shipments abroad of magnesium increased by 234% to X kg for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesium exports skyrocketed to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 9,774% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for magnesium exports from Denmark, accounting for a 85% share of total exports. Moreover, magnesium exports to Thailand exceeded the volume sent to the second major destination, Norway (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to -5.8%.

In value terms, Thailand ($X) remains the key foreign market for magnesium exports from Denmark, comprising 99% of total exports. The second position in the ranking was taken by Norway ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at -8.9%.

Export Prices by Country

The average magnesium export price stood at $X per ton in 2021, declining by -41.6% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 an increase of 6,021% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Norway stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+22.2%).

Magnesium Imports

Imports into Denmark

In 2021, imports of magnesium into Denmark fell rapidly to X kg, declining by -44.8% compared with the previous year. In general, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, magnesium imports expanded to $X in 2021. Over the period under review, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2019 with an increase of 101%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X kg), Germany (X kg) and the UK (X kg) were the main suppliers of magnesium imports to Denmark, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of -24.4%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Germany ($X) and the UK ($X) were the largest magnesium suppliers to Denmark, together accounting for 99% of total imports.

In terms of the main suppliers, Germany, with a CAGR of -25.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average magnesium import price amounted to $X per ton, increasing by 85% against the previous year. Overall, the import price enjoyed a pronounced expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :