Report Update Nov 1, 2024

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

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Luxembourg: Magnesite Market 2024

Magnesite Market Size in Luxembourg

After two years of growth, the Luxembourg magnesite market decreased by -41.4% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. Magnesite consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Magnesite Exports

Exports from Luxembourg

In 2021, shipments abroad of magnesite increased by 79% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a drastic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, magnesite exports soared to $X in 2021. Overall, exports, however, saw a pronounced slump. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for magnesite exports from Luxembourg, with a 72% share of total exports. Moreover, magnesite exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.0% per year) and France (-26.5% per year).

In value terms, the largest markets for magnesite exported from Luxembourg were Germany ($X), Belgium ($X) and France ($X).

Among the main countries of destination, Belgium, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, with a decrease of -7.9% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by 81%. 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.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Belgium (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Magnesite Imports

Imports into Luxembourg

In 2021, imports of magnesite into Luxembourg reduced to X tons, dropping by -11.7% compared with the previous year. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 44% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, magnesite imports shrank sharply to $X in 2021. Overall, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest magnesite supplier to Luxembourg, with a 80% share of total imports. Moreover, magnesite imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.9% per year) and Belgium (-11.7% per year).

In value terms, Italy ($X) constituted the largest supplier of magnesite to Luxembourg, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.6% per year) and Belgium (-12.9% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, waning by -10.9% against the previous year. In general, the import price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 93%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), 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?

The country with the largest volume of magnesite consumption was China, comprising approx. 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by the United Arab Emirates, with a 6.2% share.

What are the largest producers of magnesite in the world?

China remains the largest magnesite producing country worldwide, comprising approx. 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. Spain ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of magnesite to Luxembourg?

In value terms, Belgium, Italy and Germany appeared to be the largest magnesite suppliers to Luxembourg.

What are the leading importers of magnesite from Luxembourg?

In value terms, Germany remains the key foreign market for magnesite exports from Luxembourg, comprising 78% of total exports. The second position in the ranking was occupied by Belgium, with a 19% share of total exports.

What is the average export price for magnesite in Luxembourg?

In 2020, the average magnesite export price amounted to $177 per ton, shrinking by -31.9% against the previous year.

What is the average import price for magnesite in Luxembourg?

In 2020, the average magnesite import price amounted to $176 per ton, surging by 16% against the previous year.

This report provides an in-depth analysis of the magnesite market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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