Romania: Magnesium Market 2024

Magnesium Market Size in Romania

The Romanian magnesium market surged to $X in 2021, jumping by 62% 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). The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Magnesium Exports

Exports from Romania

In 2021, shipments abroad of magnesium was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a perceptible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium exports surged to $X in 2021. Over the period under review, exports showed a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for magnesium exports from Romania, with a 91% share of total exports. Moreover, magnesium exports to the Czech Republic exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+25.8% per year) and Turkey (0.0% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for magnesium exports from Romania, comprising 89% of total exports. The second position in the ranking was taken by Turkey ($X), with a 5.1% share of total exports. It was followed by Serbia, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Serbia (+31.2% per year).

Export Prices by Country

The average magnesium export price stood at $X per ton in 2021, growing by 8.3% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnesium export price increased by +23.9% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Serbia ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesium Imports

Imports into Romania

Magnesium imports into Romania skyrocketed to X tons in 2021, increasing by 62% against 2020 figures. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium imports surged to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of magnesium to Romania, with a 48% share of total imports. Moreover, magnesium imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+3.3% per year) and the Czech Republic (+111.4% per year).

In value terms, China ($X) constituted the largest supplier of magnesium to Romania, comprising 46% of total imports. The second position in the ranking was taken by Austria ($X), with a 23% share of total imports. It was followed by the Czech Republic, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.8% per year) and the Czech Republic (+110.9% per year).

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, saw a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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