Estonia: Magnesite Market 2020

Magnesite Market Size in Estonia

The revenue of the magnesite market in Estonia amounted to $X in 2018, picking up by X% against the previous year. In general, magnesite consumption continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Estonia magnesite consumption peaked in 2018 and is likely to see steady growth in the near future.

Magnesite Production in Estonia

In value terms, magnesite production amounted to $X in 2018 estimated in export prices. In general, magnesite production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, magnesite production reached its peak level of $X. From 2015 to 2018, magnesite production growth remained at a lower figure.

Magnesite Exports

Exports from Estonia

Magnesite exports from Estonia amounted to X kg in 2018, reducing by -X% against the previous year. In general, magnesite exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, magnesite exports reached their maximum at X kg in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, magnesite exports totaled $X in 2018. Over the period under review, magnesite exports continue to indicate a dramatic deduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Estonia exports peaked at $X in 2010; however, from 2011 to 2018, exports remained at a lower figure.

Exports by Country

China represented the key exporter of magnesite in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2018. Turkey (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Pakistan (X%), Guatemala (X%), South Africa (X%), Russia (X%) and Ireland (X%). Germany (X tons), Slovakia (X tons), Zambia (X tons), Australia (X tons) and Zimbabwe (X tons) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to magnesite exports from China stood at -X%. At the same time, Pakistan (+X%), Australia (+X%), Russia (+X%), Zambia (+X%), Ireland (+X%), South Africa (+X%), Zimbabwe (+X%), Guatemala (+X%), Slovakia (+X%), Germany (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Pakistan (+X p.p.), Russia (+X p.p.), South Africa (+X p.p.), Ireland (+X p.p.), Guatemala (+X p.p.), Turkey (+X p.p.), Zambia (+X p.p.), Germany (+X p.p.), Slovakia (+X p.p.) and Australia (+X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest magnesite supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Ireland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and Ireland (+X% per year).

Export Prices by Country

In 2018, the magnesite export price in Estonia amounted to $X per ton, growing by X% against the previous year. In general, the magnesite export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the export prices for magnesite attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for magnesite remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Zambia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Magnesite Imports

Imports into Estonia

In 2018, the amount of magnesite imported into Estonia stood at X tons, growing by X% against the previous year. In general, magnesite imports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Estonia imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, magnesite imports amounted to $X in 2018. Overall, magnesite imports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, magnesite imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, India (X tons) and the U.S. (X tons) represented the main importers of magnesitein the world, together comprising X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons), constituting a X% share of total imports. The following importers - South Africa (X tons), Malaysia (X tons), Zambia (X tons), Poland (X tons), Ireland (X tons), New Zealand (X tons), Germany (X tons), the Czech Republic (X tons) and Italy (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Estonia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest magnesite importing markets into Estonia were Democratic Republic of the Congo ($X), India ($X) and Zambia ($X), together comprising X% of total imports. These countries were followed by the U.S., Ireland, Germany, Malaysia, South Africa, New Zealand, the Czech Republic, Poland, Italy and Estonia, which together accounted for a further X the main importing countries, Estonia recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The magnesite import price in Estonia stood at $X per ton in 2018, coming down by -X% against the previous year. Overall, the magnesite import price continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2013 when the import price increased by X% y-o-y. Estonia import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Zambia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform