Report Update Nov 1, 2024

Sri Lanka - Magnesium - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Magnesium Market 2024

Magnesium Market Size in Sri Lanka

In 2021, after three years of growth, there was decline in the Sri Lankan magnesium market, when its value decreased by -4.3% to $X. In general, consumption, however, posted a moderate expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Magnesium Exports

Exports from Sri Lanka

In 2016, approx. X kg of magnesium were exported from Sri Lanka; rising by 72% on the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium exports soared to $X in 2016. In general, total exports indicated a significant expansion from 2015 to 2016: its value increased at an average annual rate of +52.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X kg) was the main destination for magnesium exports from Sri Lanka, with a approx. 100% share of total exports.

From 2015 to 2016, the average annual rate of growth in terms of volume to Maldives was relatively modest.

In value terms, Maldives ($X) emerged as the key foreign market for magnesium exports from Sri Lanka.

From 2015 to 2016, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

The average magnesium export price stood at $X per ton in 2016, waning by -11.8% against the previous year. In general, the export price saw a deep downturn. The export price peaked at $X per ton in 2015, and then shrank in the following year.

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

From 2015 to 2016, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Magnesium Imports

Imports into Sri Lanka

After three years of growth, purchases abroad of magnesium decreased by -18.8% to X tons in 2021. In general, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2018 when imports increased by 194%. Imports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, magnesium imports amounted to $X in 2021. Overall, imports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 296%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), India (X tons) and Hong Kong SAR (X tons) were the main suppliers of magnesium imports to Sri Lanka.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +7.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Hong Kong SAR ($X) constituted the largest magnesium suppliers to Sri Lanka.

In terms of the main suppliers, China, with a CAGR of +9.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average magnesium import price stood at $X per ton in 2021, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2018 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR ($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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesium in the world?

China constituted the country with the largest volume of magnesium consumption, 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?

China remains the largest magnesium producing country worldwide, comprising approx. 86% of total volume. Moreover, magnesium production in China exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. The third position in this ranking was occupied by Kazakhstan, with a 2.1% share.

What are the leading suppliers of magnesium to Sri Lanka?

In value terms, China, Hong Kong SAR and India appeared to be the largest magnesium suppliers to Sri Lanka.

What is the average export price for magnesium in Sri Lanka?

The average magnesium export price stood at $2,280 per ton in 2016, falling by -11.8% against the previous year.

What is the average import price for magnesium in Sri Lanka?

The average magnesium import price stood at $2,934 per ton in 2021, picking up by 1.8% against the previous year.

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

Sri Lanka

Data coverage:

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