Greece: 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 Greece

The Greek magnesium hydroxide and peroxide market surged to $X in 2022, picking up by 85% 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, however, showed a perceptible reduction. Magnesium hydroxide and peroxide consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

Exports from Greece

In 2019, overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by 0% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2017 when exports increased by 1,300% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports totaled $X in 2019. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of 733% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

Exports by Country

Lebanon (X kg) and Nigeria (X kg) were the main destinations of magnesium hydroxide and peroxide exports from Greece.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +416.8%).

In value terms, Nigeria ($X) and Lebanon ($X) appeared to be the largest markets for magnesium hydroxide and peroxide exported from Greece worldwide.

Among the main countries of destination, Nigeria, with a CAGR of +290.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2019, the average magnesium hydroxide and peroxide export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 a decrease of -40.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Lebanon stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-24.4%).

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

Imports into Greece

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported into Greece; jumping by 143% compared with the year before. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 278%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports dropped modestly to $X in 2022. In general, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of 100% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Greece, with a 69% share of total imports. Moreover, magnesium hydroxide and peroxide imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.7% per year) and the United States (-2.1% per year).

In value terms, the largest magnesium hydroxide and peroxide suppliers to Greece were the United States ($X), China ($X) and Germany ($X), together accounting for 93% of total imports.

Among the main suppliers, China, with a CAGR of +49.8%, recorded the highest rates of growth with regard to 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, falling by -59.3% against the previous year. Over the period under review, the import price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of 382%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted markedly in the following year.

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 the United States ($X per ton), while the price for China ($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 (+57.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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