France: 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 France

The French magnesium hydroxide and peroxide market amounted to $X in 2022, increasing by 8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

Exports from France

For the third consecutive year, France recorded growth in shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, which increased by 7.3% to X tons in 2022. In general, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +44.0% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 81%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. Over the period under review, total exports indicated buoyant growth 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, exports increased by +88.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Bangladesh (X tons) and Algeria (X tons) were the main destinations of magnesium hydroxide and peroxide exports from France, together accounting for 56% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) emerged as the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from France, comprising 37% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Algeria, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.1% per year) and Algeria (+26.1% per year).

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, rising by 40% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into France

In 2022, supplies from abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 3.3% to X tons, rising for the second consecutive year after three years of decline. In general, imports saw mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports reached $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest magnesium hydroxide and peroxide supplier to France, with a 46% share of total imports. Moreover, magnesium hydroxide and peroxide imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and the United States (-1.5% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest magnesium hydroxide and peroxide suppliers to France, together accounting for 54% of total imports.

In terms of the main suppliers, China, with a CAGR of +21.6%, 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

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, surging by 7.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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