New Zealand: Magnesite Market 2025

Magnesite Market Size in New Zealand

The New Zealand magnesite market shrank remarkably to $X in 2021, waning by -56.3% 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). Overall, consumption showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnesite Exports

Exports from New Zealand

In 2021, shipments abroad of magnesite increased by 22% to X kg, rising for the second consecutive year after three years of decline. Overall, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 454%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesite exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 451% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Samoa (X kg) was the main destination for magnesite exports from New Zealand, accounting for a 18% share of total exports. Moreover, magnesite exports to Samoa exceeded the volume sent to the second major destination, Tonga (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Samoa stood at -3.7%.

In value terms, Samoa ($X) remains the key foreign market for magnesite exports from New Zealand, comprising 8.4% of total exports. The second position in the ranking was taken by Tonga ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Samoa amounted to -1.9%.

Export Prices by Country

The average magnesite export price stood at $X per ton in 2021, surging by 49% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 119%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tonga ($X per ton), while the average price for exports to Samoa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+100.5%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesite Imports

Imports into New Zealand

In 2021, imports of magnesite into New Zealand declined sharply to X tons, shrinking by -50.5% against 2020. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 162%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, magnesite imports fell sharply to $X in 2021. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 117%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of magnesite to New Zealand, with a 72% share of total imports. Moreover, magnesite imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -12.7%.

In value terms, China ($X) constituted the largest supplier of magnesite to New Zealand, comprising 72% of total imports. The second position in the ranking was held by Australia ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -15.6%.

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, shrinking by -15.2% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 an increase of 5.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.3%).

Source: IndexBox Platform

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