EU: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

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

In 2022, the EU magnesium hydroxide and peroxide market increased by 12% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in the EU

In value terms, magnesium hydroxide and peroxide production fell slightly to $X in 2022 estimated in export price. Overall, production, however, saw a slight decrease. The growth pace was the most rapid in 2014 with an increase of 6.1%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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

Exports in the EU

In 2022, the amount of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exported in the European Union totaled X tons, therefore, remained relatively stable against 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports rose significantly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.5% against 2017 indices. The pace of growth was the most pronounced in 2017 when exports increased by 37%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Netherlands (X tons) was the largest exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, making up 65% of total exports. Austria (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (5.1%). Germany (X tons), Portugal (X tons), Ireland (X tons) and France (X tons) took a little share of total exports.

Exports from the Netherlands increased at an average annual rate of +26.1% from 2012 to 2022. At the same time, Portugal (+203.4%), Sweden (+5.5%) and France (+1.9%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +203.4% from 2012-2022. By contrast, Austria (-2.3%), Ireland (-7.7%) and Germany (-14.2%) illustrated a downward trend over the same period. The Netherlands (+50 p.p.), Germany (+4.5 p.p.) and Portugal (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Sweden, France, Ireland and Austria saw its share reduced by -1.9%, -2%, -13.3% and -26.2% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X), Austria ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 81% of total exports. Portugal, France, Sweden and Ireland lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Portugal, with a CAGR of +219.1%, saw the highest rates of growth with regard to 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

The export price in the European Union stood at $X per ton in 2022, growing by 8.5% against the previous year. In general, the export price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 11%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported in the European Union; increasing by 3.6% against 2021. Total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by +14.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by Portugal (X tons), Italy (X tons), the Netherlands (X tons), France (X tons), Sweden (X tons) and Belgium (X tons) represented the key importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, together generating 89% of total imports.

Imports into Germany increased at an average annual rate of +8.3% from 2012 to 2022. At the same time, Portugal (+38.0%), the Netherlands (+5.8%) and Italy (+2.5%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +38.0% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. By contrast, Sweden (-3.7%) illustrated a downward trend over the same period. While the share of Portugal (+13 p.p.) and Germany (+8.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-2.8 p.p.), France (-3.5 p.p.), Belgium (-3.6 p.p.) and Sweden (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) were the countries with the highest levels of imports in 2022, with a combined 64% share of total imports.

Among the main importing countries, Portugal, with a CAGR of +32.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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