Report Update Nov 1, 2024

Malaysia - Magnesium - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Magnesium Market 2024

Magnesium Market Size in Malaysia

In 2021, after three years of growth, there was significant decline in the Malaysian magnesium market, when its value decreased by -64.8% to $X. In general, consumption, however, saw a modest expansion. Magnesium consumption peaked at $X in 2020, and then dropped notably in the following year.

Magnesium Production in Malaysia

In value terms, magnesium production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced slump. The pace of growth was the most pronounced in 2015 when the production volume increased by 43%. Magnesium production peaked at $X in 2020, and then contracted dramatically in the following year.

Magnesium Exports

Exports from Malaysia

In 2021, shipments abroad of magnesium increased by 4.9% to X tons, rising for the third consecutive year after two years of decline. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 80%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, magnesium exports expanded slightly to $X in 2021. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 66%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for magnesium exports from Malaysia, with a 91% share of total exports. Moreover, magnesium exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +24.1%.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for magnesium exports from Malaysia, comprising 82% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +25.4%.

Export Prices by Country

The average magnesium export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesium Imports

Imports into Malaysia

In 2021, purchases abroad of magnesium decreased by -0.6% to X tons, falling for the second consecutive year after eight years of growth. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 49%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, magnesium imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main magnesium supplier to Malaysia, with a 93% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+32.1% per year) and Hong Kong SAR (+19.0% per year).

In value terms, China ($X) constituted the largest supplier of magnesium to Malaysia, comprising 93% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+36.2% per year) and Hong Kong SAR (+14.7% per year).

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, surging by 125% against the previous year. In general, the import price recorded a pronounced increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesium in the world?

The country with the largest volume of magnesium consumption was China, accounting for 54% of total volume. Moreover, magnesium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, ninefold. Japan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of magnesium in the world?

The country with the largest volume of magnesium production was China, accounting for 86% of total volume. Moreover, magnesium production in China exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. Kazakhstan ranked third in terms of total production with a 2.1% share.

What are the leading suppliers of magnesium to Malaysia?

In value terms, China constituted the largest supplier of magnesium to Malaysia.

What is the average export price for magnesium in Malaysia?

In 2021, the average magnesium export price amounted to $5,747 per ton, reducing by -90.4% against the previous year.

What is the average import price for magnesium in Malaysia?

In 2021, the average magnesium import price amounted to $2,039 per ton, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the magnesium market in Malaysia. 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:

Country coverage:

Malaysia

Data coverage:

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