Magnesite Market - Ireland Is the Key Player on the Global Magnesite Market Other Mining And Quarrying August 16, 2015
Author: Alexander Romanenko
Chief Executive Officer
magnesite market

Ireland dominates on the global magnesite market. In 2014, Ireland exported 16,568 tonnes of magnesite totaling 11,867 thousand USD, a staggering 194% over the previous year. Its primary trading partner was India, where it supplied 94% of its total magnesite exports in value terms, accounting for the lion's share of India's total imports.

From 2007 to 2014, Ireland was a net exporter of magnesite in 2008, 2009, 2011, 2012 and 2014. In 2007, 2010 and 2013, however, imports exceeded exports.

South Africa and Turkey were among the other main global suppliers of magnesite in 2014. However, the fastest growing exporters from 2007 to 2014 were South Africa (+69% per year) and the United Kingdom (+36% per year). South Africa significantly strengthened its position in the global export structure.

Ireland's trading partners in 2014 were India, the U.S. and the United Kingdom, with a combined 100% share of Ireland's magnesite exports. The share of India illustrated negative dynamics (-6 percentage points).

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Source: World: Magnesite - Market Report. Analysis and Forecast to 2020