U.S. - Magnesium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMagnesium Price in the United States - 2023
Contents:
- Magnesium Price in the United States (CIF) - 2022
- Magnesium Price in the United States (FOB) - 2022
- Magnesium Imports in the United States
- Magnesium Exports in the United States
Magnesium Price in the United States (CIF) - 2022
The average magnesium import price stood at $6,207 per ton in 2022, growing by 7.9% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium import price increased by +68.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($14,157 per ton), while the price for Hong Kong SAR ($2,731 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Magnesium Price in the United States (FOB) - 2022
The average magnesium export price stood at $4,965 per ton in 2022, surging by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($80,123 per ton), while the average price for exports to Canada ($3,834 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+41.1%), while the prices for the other major destinations experienced mixed trend patterns.
Magnesium Imports in the United States
In 2022, imports of magnesium into the United States skyrocketed to 98K tons, rising by 322% against the previous year. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, magnesium imports soared to $608M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 37.2 | 20.5 | 26.5 | 152 | 59.9% |
| Turkey | 12.9 | 35.6 | 19.4 | 105 | 101.2% |
| Czech Republic | 1.4 | 7.0 | 18.5 | 74.0 | 275.3% |
| Hungary | 1.1 | 8.2 | 4.3 | 51.8 | 261.1% |
| Canada | 1.5 | 1.1 | 5.2 | 42.6 | 205.1% |
| Taiwan (Chinese) | 12.4 | 17.2 | 6.5 | 42.6 | 50.9% |
| South Korea | 2.1 | 3.5 | 5.7 | 27.3 | 135.1% |
| China | 10.1 | 12.8 | 7.0 | 25.3 | 35.8% |
| Russia | 13.3 | 17.9 | 15.9 | 25.2 | 23.7% |
| Germany | 6.5 | 8.2 | 6.0 | 24.7 | 56.0% |
| Hong Kong SAR | N/A | 0.1 | 1.6 | 8.1 | 800.0% |
| Others | 22.2 | 18.7 | 17.0 | 29.2 | 9.6% |
| Total | 121 | 151 | 133 | 608 | 71.3% |
Top Suppliers of Magnesium to the United States in 2022:
- Czech Republic (23.4K tons)
- Turkey (14.6K tons)
- Hungary (12.0K tons)
- Israel (10.7K tons)
- Taiwan (Chinese) (9.8K tons)
- South Korea (6.2K tons)
- Canada (5.6K tons)
- Germany (4.6K tons)
- Hong Kong SAR (3.0K tons)
- China (2.9K tons)
- Russia (2.3K tons)
Magnesium Exports in the United States
In 2022, the amount of magnesium exported from the United States surged to 8.2K tons, picking up by 18% against 2021 figures. In general, exports, however, showed a deep setback.
In value terms, magnesium exports skyrocketed to $41M in 2022. Over the period under review, exports, however, saw a mild shrinkage.
| Export of Magnesium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 17.5 | 27.2 | 24.8 | 27.8 | 16.7% |
| Mexico | 3.8 | 2.0 | 0.3 | 2.0 | -19.3% |
| United Kingdom | 0.2 | N/A | 0.3 | 0.8 | 58.7% |
| France | 3.9 | 1.4 | 0.8 | 0.3 | -57.5% |
| Brazil | 3.2 | 0.6 | N/A | 0.1 | -68.5% |
| Others | 14.1 | 5.1 | 7.4 | 9.7 | -11.7% |
| Total | 42.8 | 36.3 | 33.6 | 40.7 | -1.7% |
Top Export Markets for Magnesium from the United States in 2022:
- Brazil (undefinedK tons)
- Canada (7.3K tons)
- Mexico (0.5K tons)
- France (0.1K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the magnesium market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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