U.S.: Magnesite Market 2025

Magnesite Market Size in the U.S.

The U.S. magnesite market expanded markedly to $X in 2021, with an increase of 12% against the previous year. Overall, consumption saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Magnesite Production in the U.S.

In value terms, magnesite production contracted slightly to $X in 2021. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. Magnesite production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports from the U.S.

In 2021, approx. X tons of magnesite were exported from the United States; jumping by 17% compared with 2020. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnesite exports rose sharply to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 59%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and the UK (X tons) were the main destinations of magnesite exports from the United States, with a combined 83% share of total exports. Argentina, Brazil, the Netherlands and Panama lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +52.9%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for magnesite exports from the United States, comprising 45% of total exports. The second position in the ranking was held by Mexico ($X), with a 17% share of total exports. It was followed by Panama, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.7% per year) and Panama (+0.5% per year).

Export Prices by Country

The average magnesite export price stood at $X per ton in 2021, reducing by -5% against the previous year. Overall, the export price, however, saw a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 71%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Magnesite Imports

Imports into the U.S.

In 2021, magnesite imports into the United States totaled X tons, with an increase of 13% against the year before. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 838% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, magnesite imports skyrocketed to $X in 2021. Overall, imports posted tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 339%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of magnesite to the United States, accounting for a 97% share of total imports. It was followed by Japan (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.6%.

In value terms, China ($X) constituted the largest supplier of magnesite to the United States, comprising 82% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.0%.

Import Prices by Country

In 2021, the average magnesite import price amounted to $X per ton, growing by 15% against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 318%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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