Eastern Asia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Eastern Asia

In 2022, the East Asian magnesium hydroxide and peroxide market increased by 4.6% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, magnesium hydroxide and peroxide production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65%. 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 in Eastern Asia

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, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 9.4% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China represented the largest exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Eastern Asia, with the volume of exports reaching X tons, which was approx. 72% of total exports in 2022. It was distantly followed by Japan (X tons), generating a 27% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to magnesium hydroxide and peroxide exports from China stood at -1.0%. At the same time, Japan (+2.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.4% from 2012-2022. Japan (+6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -6.3% from 2012 to 2022, respectively.

In value terms, the largest magnesium hydroxide and peroxide supplying countries in Eastern Asia were China ($X) and Japan ($X).

In terms of the main exporting countries, China, with a CAGR of +4.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%).

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

Imports in Eastern Asia

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported in Eastern Asia; remaining stable against 2021 figures. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports totaled $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 29% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China was the key importing country with an import of about X tons, which finished at 45% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 27% share, followed by Japan (25%). Taiwan (Chinese) (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +24.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest magnesium hydroxide and peroxide importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), with a combined 96% share of total imports.

Among the main importing countries, China, with a CAGR of +17.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 2% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 import price increased by +19.8% against 2020 indices. The growth pace was the most rapid in 2016 when the import price increased by 41% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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