Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (CIF) - 2023
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (CIF) - 2023
In November 2023, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $4,787 per ton, picking up by 24% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 39% against the previous month. Over the period under review, average import prices hit record highs at $7,187 per ton in June 2023; however, from July 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Austria ($12,989 per ton), while the price for China stood at $4,152 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-1.7%).
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (FOB) - 2022
In 2022, the average export price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $17,150 per ton, with an increase of 47% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2020 when the average export price increased by 87% against the previous year. As a result, the export price attained the peak level of $28,739 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($52,075 per ton), while the average price for exports to Thailand ($8,175 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 Taiwan (Chinese) (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan
For the third year in a row, Japan recorded decline in overseas purchases of magnesium; raspings, turnings and granules, graded according to size, powderses, which decreased by -55.9% to 1.4K tons in 2022. In general, imports faced a dramatic downturn. The smallest decline of -6.8% was in 2021.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses declined rapidly to $9.9M in 2022. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $14M, and then reduced dramatically in the following year.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.8 | 9.3 | 13.0 | 8.4 | -8.0% |
| Russia | 0.2 | 0.5 | 0.2 | 0.6 | 44.2% |
| Austria | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Others | 0.4 | 0.6 | 0.6 | 0.5 | 7.7% |
| Total | 11.4 | 10.5 | 14.1 | 9.9 | -4.6% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Japan in 2022:
- China (1319.5 tons)
- Russia (59.6 tons)
- Austria (28.8 tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses exported from Japan fell rapidly to 9.8 tons, with a decrease of -70.4% compared with 2021 figures. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 183% against the previous year. As a result, the exports attained the peak of 33 tons, and then contracted significantly in the following year.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses fell rapidly to $169K in 2022. Over the period under review, exports recorded a significant decline. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, the exports reached the peak of $387K, and then reduced sharply in the following year.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 124 | 84.3 | 107 | 85.7 | -11.6% |
| Thailand | 73.3 | 4.5 | 227 | 47.3 | -13.6% |
| Vietnam | 21.0 | N/A | N/A | 27.3 | 9.1% |
| South Korea | 4.4 | 9.0 | 7.3 | 7.1 | 17.3% |
| Indonesia | 84.7 | 31.8 | 27.2 | 1.5 | -73.9% |
| Taiwan (Chinese) | N/A | 75.3 | 18.7 | N/A | -75.2% |
| Others | 23.5 | 132 | N/A | N/A | 461.7% |
| Total | 331 | 337 | 387 | 169 | -20.1% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from Japan in 2022:
- Thailand (5.8 tons)
- Vietnam (1.7 tons)
- United States (1.6 tons)
- South Korea (0.6 tons)
- Indonesia (0.2 tons)
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