In 2023, China dominated the global export market for natural magnesium carbonate with a substantial share, followed by Brazil and Germany. Notably, Slovakia, the United States, and Japan also contributed, albeit modestly. The year-on-year variations highlighted significant percentage increases in exports from Slovenia, Brunei, Kyrgyzstan, Chile, and Kazakhstan, while countries like Bulgaria, Jordan, and Belarus experienced notable declines. The Compound Annual Growth Rate (CAGR) over the last five years showed robust growth for emerging players.
Future trends to watch include:
- China's continued dominance and potential expansion in its export capacity.
- Emerging market growth in Slovenia and Brunei, which showed significant increases in the previous year.
- Potential recovery or sustained growth opportunities for countries with negative year-on-year variations, such as Jordan and Belarus.
Top countries in Export of Natural Magnesium Carbonate Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 49.47 | 2023 | +3.82% | +1.56% | View data |
| 2 | 2 Brazil | 6.96 | 2023 | +4.1% | +3.36% | View data |
| 3 | 3 Germany | 4.14 | 2023 | +3.21% | +2.22% | View data |
| 4 | 4 Slovakia | 4.12 | 2023 | +0.77% | -0.89% | View data |
| 5 | 5 United States | 3.63 | 2023 | +3.02% | +1.98% | View data |
| 6 | 6 Japan | 3.6 | 2023 | +1.2% | +1.8% | View data |
| 7 | 7 Spain | 3.5 | 2023 | +1.88% | +1.13% | View data |
| 8 | 8 Israel | 3.16 | 2023 | +2.64% | +2.68% | View data |
| 9 | 9 Ireland | 2.09 | 2023 | +3.26% | +2.22% | View data |
| 10 | 10 Greece | 1.68 | 2023 | +1.11% | -0.91% | View data |
