Report Update Nov 1, 2024

Sweden - Magnesite - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Magnesite Market 2024

Magnesite Market Size in Sweden

In 2021, after two years of decline, there was significant growth in the Swedish magnesite market, when its value increased by 55% to $X. Over the period under review, consumption, however, continues to indicate a precipitous decline. Magnesite consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Magnesite Production in Sweden

In value terms, magnesite production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild descent. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports from Sweden

In 2021, overseas shipments of magnesite increased by 24% to X tons, rising for the third consecutive year after two years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 729%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, magnesite exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 786%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for magnesite exports from Sweden, with a 67% share of total exports. Moreover, magnesite exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Norway stood at +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+106.9% per year) and Finland (-73.0% per year).

In value terms, Norway ($X) emerged as the key foreign market for magnesite exports from Sweden, comprising 74% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Norway amounted to +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+89.3% per year) and Finland (-80.6% per year).

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, picking up by 26% against the previous year. In general, the export price, however, showed a abrupt curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-5.6%), while the prices for the other major destinations experienced a decline.

Magnesite Imports

Imports into Sweden

In 2021, purchases abroad of magnesite increased by 307% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports continue to indicate a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, magnesite imports surged to $X in 2021. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Ireland (X tons) and Finland (X tons) were the main suppliers of magnesite imports to Sweden, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +283.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of magnesite to Sweden, comprising 45% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Finland, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ireland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.3% per year) and Finland (+154.5% per year).

Import Prices by Country

The average magnesite import price stood at $X per ton in 2021, shrinking by -50.7% against the previous year. Overall, the import price, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2014 an increase of 326% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for magnesite in the world?

China constituted the country with the largest volume of magnesite consumption, accounting for 37% of total volume. Moreover, magnesite consumption in China exceeded the figures recorded by the second-largest consumer, India, fivefold. The third position in this ranking was occupied by the United Arab Emirates, with a 6.2% share.

What are the largest producers of magnesite in the world?

China constituted the country with the largest volume of magnesite production, comprising approx. 57% of total volume. Moreover, magnesite production in China exceeded the figures recorded by the second-largest producer, Turkey, fivefold. Spain ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of magnesite to Sweden?

In value terms, China, the UK and Finland were the largest magnesite suppliers to Sweden, with a combined 82% share of total imports.

What are the leading importers of magnesite from Sweden?

In value terms, Germany emerged as the key foreign market for magnesite exports from Sweden, comprising 72% of total exports. The second position in the ranking was occupied by Norway, with a 28% share of total exports.

What is the average export price for magnesite in Sweden?

The average magnesite export price stood at $8,296 per ton in 2020, surging by 81% against the previous year.

What is the average import price for magnesite in Sweden?

The average magnesite import price stood at $7,099 per ton in 2020, growing by 58% against the previous year.

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

Sweden

Data coverage:

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