Europe: 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 Europe

In 2022, the Europe 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 +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

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

In value terms, magnesium hydroxide and peroxide production dropped to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 5.6%. As a result, production reached 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 Europe

In 2022, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. Over the period under review, the exports attained the peak figure 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 amounted to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 53%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons) represented the main exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, creating 47% of total exports. Russia (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Austria (9.7%). The following exporters - Sweden (X tons), Germany (X tons), Portugal (X tons) and Ireland (X tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +203.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Austria ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 74% of total exports. Germany, Portugal, Sweden and Ireland lagged somewhat behind, together accounting for a further 16%.

Portugal, with a CAGR of +219.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Europe stood at $X per ton in 2022, picking up by 7.2% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Europe

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported in Europe; increasing by 4.6% compared with the year before. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports surged to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by Portugal (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), France (X tons), Sweden (X tons) and Belgium (X tons) represented the largest importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, together constituting 86% 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 Europe, with a CAGR of +38.0% from 2012-2022. France, Belgium and the UK experienced a relatively flat trend pattern. By contrast, Sweden (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Portugal, Germany and the Netherlands increased by +11, +9.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 58% share of total imports.

Portugal, with a CAGR of +32.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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