Overview of the Global Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

In 2022, the global magnesium hydroxide and peroxide market increased by 12% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

In value terms, magnesium hydroxide and peroxide production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.1%. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports

After three years of growth, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -10.8% to X tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, magnesium hydroxide and peroxide exports dropped modestly to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.1% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Over the period under review, the global exports hit record highs at $X in 2021, and then contracted slightly in the following year.

Exports by Country

The Netherlands (X tons), China (X tons) and Russia (X tons) represented roughly 60% of total exports in 2022. The United States (X tons) held the next position in the ranking, followed by Japan (X tons), Austria (X tons) and Israel (X tons). All these countries together held near 26% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of +26.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest magnesium hydroxide and peroxide supplying countries worldwide were China ($X), the Netherlands ($X) and Russia ($X), together accounting for 47% of global exports.

Russia, with a CAGR of +38.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 10%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.2%), while the other global leaders experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports

In 2022, approx. X tons of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium were imported worldwide; remaining relatively unchanged against 2021 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 13%. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

The purchases of the twelve major importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, namely Germany, China, the United States, South Korea, Portugal, the UK, Japan, Italy, Canada, the Netherlands, France and Sweden, represented more than two-thirds of total import. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +38.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 33% of global imports. Italy, Portugal, South Korea, Japan, France, Canada, the Netherlands, the UK, Sweden and Belgium lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Portugal, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 12%. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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