Report Update Nov 1, 2024

Indonesia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Magnesite Market 2024

Magnesite Market Size in Indonesia

In 2021, the Indonesian magnesite market increased by 1,654% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Magnesite Exports

Exports from Indonesia

After five years of growth, shipments abroad of magnesite decreased by -52.8% to X tons in 2021. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 366%. The exports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, magnesite exports shrank notably to $X in 2021. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 453% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for magnesite exports from Indonesia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +17.5%.

In value terms, Malaysia ($X) also remains the key foreign market for magnesite exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +28.0%.

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, rising by 18% against the previous year. In general, the export price saw buoyant growth. The pace of growth was the most pronounced in 2013 an increase of 100%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +9.0% per year.

Magnesite Imports

Imports into Indonesia

In 2021, supplies from abroad of magnesite increased by 2,114% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 2,281%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, magnesite imports skyrocketed to $X in 2021. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 2,386%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of magnesite to Indonesia, with a 92% share of total imports. Moreover, magnesite imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+3,380.7% per year) and Singapore (-45.5% per year).

In value terms, China ($X) constituted the largest supplier of magnesite to Indonesia, comprising 92% of total imports. The second position in the ranking was held by Australia ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+214.0% per year) and Singapore (-30.4% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, waning by -35.6% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+27.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

China constituted the country with the largest volume of magnesite consumption, accounting for 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The United Arab Emirates ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of magnesite in the world?

China constituted the country with the largest volume of magnesite production, accounting for 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. The third position in this ranking was occupied by Spain, with a 7.3% share.

What are the leading suppliers of magnesite to Indonesia?

In value terms, China constituted the largest supplier of magnesite to Indonesia.

What are the leading importers of magnesite from Indonesia?

In value terms, Malaysia remains the key foreign market for magnesite exports from Indonesia, comprising 93% of total exports. The second position in the ranking was occupied by Australia, with a 7.1% share of total exports.

What is the average export price for magnesite in Indonesia?

In 2020, the average magnesite export price amounted to $532 per ton, dropping by -16.1% against the previous year.

What is the average import price for magnesite in Indonesia?

In 2020, the average magnesite import price amounted to $240 per ton, reducing by -4.5% against the previous year.

This report provides an in-depth analysis of the magnesite market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

UNCode 16390-1 - Magnesite

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023