Italy: Magnesite Market 2025

Magnesite Market Size in Italy

The Italian magnesite market soared to $X in 2021, growing by 103% against the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Magnesite Production in Italy

In value terms, magnesite production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Magnesite production peaked in 2021 and is expected to retain growth in the near future.

Magnesite Exports

Exports from Italy

In 2021, magnesite exports from Italy skyrocketed to X tons, jumping by 96% against the previous year's figure. Over the period under review, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesite exports surged to $X in 2021. In general, exports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Luxembourg (X tons), Spain (X tons) and Morocco (X tons) were the main destinations of magnesite exports from Italy, with a combined 46% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for magnesite exports from Italy, comprising 27% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 13% share of total exports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+40.1% per year) and Germany (+1.4% per year).

Export Prices by Country

The average magnesite export price stood at $X per ton in 2021, with a decrease of -37.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesite Imports

Imports into Italy

In 2021, supplies from abroad of magnesite decreased by -16.9% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnesite imports reduced slightly to $X in 2021. Overall, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.6% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of magnesite to Italy, accounting for a 78% share of total imports. Moreover, magnesite imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. France (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+29.7% per year) and France (+24.4% per year).

In value terms, Spain ($X), Turkey ($X) and France ($X) were the largest magnesite suppliers to Italy, with a combined 89% share of total imports.

Among the main suppliers, Spain, with a CAGR of +34.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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