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Report Southern Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Magnesite Market 2024

Magnesite Market Size in Southern Asia

The South Asian magnesite market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnesite Production in Southern Asia

In value terms, magnesite production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports in Southern Asia

In 2021, overseas shipments of magnesite were finally on the rise to reach X tons after two years of decline. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 280%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, magnesite exports soared to $X in 2021. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 204%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan (X tons) represented roughly 99% of total exports in 2021.

Pakistan was also the fastest-growing in terms of the magnesite exports, with a CAGR of +30.2% from 2012 to 2021. Pakistan (+31 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest magnesite supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan amounted to +16.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 8.3% against the previous year. In general, the export price, however, showed a deep contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to -10.3% per year.

Magnesite Imports

Imports in Southern Asia

In 2021, overseas purchases of magnesite increased by 54% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 338%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, magnesite imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 191%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was near 98% of total imports in 2021. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the magnesite imports, with a CAGR of +39.4% from 2012 to 2021. At the same time, Bangladesh (+34.1%) displayed positive paces of growth. While the share of India (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported magnesite in Southern Asia, comprising 91% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +23.3%.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-11.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of magnesite consumption was India, comprising approx. 91% of total volume. Moreover, magnesite consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, more than tenfold.
Pakistan constituted the country with the largest volume of magnesite production, comprising approx. 99% of total volume.
In value terms, Pakistan remains the largest magnesite supplier in Southern Asia.
In value terms, India constitutes the largest market for imported magnesite in Southern Asia.
In 2020, the magnesite export price in Southern Asia amounted to $51 per ton, with a decrease of -35.4% against the previous year.
In 2020, the magnesite import price in Southern Asia amounted to $37 per ton, which is down by -92.1% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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