Latvia: Magnesite Market 2020

Magnesite Market Size in Latvia

The revenue of the magnesite market in Latvia amounted to $X in 2018, surging by X% 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). In general, magnesite consumption, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the magnesite market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Magnesite Exports

Exports from Latvia

In 2018, the amount of magnesite exported from Latvia totaled X kg, reducing by -X% against the previous year. Overall, magnesite exports continue to indicate a sharp drop. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Latvia exports peaked at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, magnesite exports amounted to $X in 2018. Over the period under review, magnesite exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, magnesite exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the major exporter of magnesite in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2018. Turkey (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Pakistan (X%), Guatemala (X%), South Africa (X%), Russia (X%) and Ireland (X%). Germany (X tons), Slovakia (X tons), Zambia (X tons), Australia (X tons) and Zimbabwe (X tons) occupied a minor share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Pakistan (+X%), Australia (+X%), Russia (+X%), Zambia (+X%), Ireland (+X%), South Africa (+X%), Zimbabwe (+X%), Guatemala (+X%), Slovakia (+X%), Germany (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Pakistan (+X p.p.), Russia (+X p.p.), South Africa (+X p.p.), Ireland (+X p.p.), Guatemala (+X p.p.), Turkey (+X p.p.), Zambia (+X p.p.), Germany (+X p.p.), Slovakia (+X p.p.) and Australia (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest magnesite supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Ireland, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+X% per year) and Ireland (+X% per year).

Export Prices by Country

The magnesite export price in Latvia stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the magnesite export price, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X% year-to-year. In that year, the export prices for magnesite attained their peak level of $X per ton. From 2017 to 2018, the growth in terms of the export prices for magnesite remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Zambia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Magnesite Imports

Imports into Latvia

Magnesite imports into Latvia totaled X kg in 2018, jumping by X% against the previous year. Overall, magnesite imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Latvia imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, magnesite imports stood at $X in 2018. Overall, magnesite imports, however, continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, magnesite imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

India (X tons) and the U.S. (X tons) were the largest importers of magnesite in 2018, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Democratic Republic of the Congo (X tons), constituting a X% share of total imports. South Africa (X tons), Malaysia (X tons), Zambia (X tons), Poland (X tons), Ireland (X tons), New Zealand (X tons), Germany (X tons), the Czech Republic (X tons) and Italy (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), India ($X) and Zambia ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. The U.S., Ireland, Germany, Malaysia, South Africa, New Zealand, the Czech Republic, Poland, Italy and Latvia lagged somewhat behind, together accounting for a further X the main importing countries, Poland experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The magnesite import price in Latvia stood at $X per ton in 2018, jumping by X% against the previous year. In general, the magnesite import price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, the import prices for magnesite attained their maximum at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Zambia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform