The United States led global magnesium waste or scrap imports in 2023, with 35.33% share, showing a modest increase of 0.23% over the previous year. Hungary and Serbia followed, with shares of 10.55% and 9.19%, respectively. Notable growth was observed in Poland and Lithuania, with 10.37% and 12.23% increases. However, Italy and South Africa experienced declines, at -15.49% and -7.08% respectively. The average CAGR over the past five years highlights a steady incline in interest towards magnesium waste imports.
Future trends suggest countries like Poland and Lithuania may continue to increase their import shares, driven by rising industrial demands. Meanwhile, large importers like the United States will likely maintain dominance, albeit with slower growth. A focus on sustainable practices and recycling could drive higher imports in environmentally conscious nations.
Top countries in Import of Magnesium Waste or Scrap Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35.33 | 2023 | +1.19% | +0.23% | View data |
| 2 | 2 Hungary | 10.55 | 2023 | +0.48% | +0.86% | View data |
| 3 | 3 Serbia | 9.19 | 2023 | +4.33% | +5.42% | View data |
| 4 | 4 Czech Republic | 9.14 | 2023 | -1.12% | -1.78% | View data |
| 5 | 5 Brazil | 8.86 | 2023 | +3.37% | +2.46% | View data |
| 6 | 6 Germany | 8.58 | 2023 | +0.99% | +4.24% | View data |
| 7 | 7 Austria | 4.27 | 2023 | -2.88% | +0.81% | View data |
| 8 | 8 Ukraine | 3.76 | 2023 | +3.47% | +4.59% | View data |
| 9 | 9 South Korea | 3.7 | 2023 | +6.27% | +4.82% | View data |
| 10 | 10 Romania | 2.4 | 2023 | +5.13% | +6.51% | View data |
