In 2023, China dominated the global export of unwrought magnesium containing at least 99.8% magnesium by weight, with a market share significantly higher than any other country at over 80%. Israel and the United States followed, though their shares were considerably smaller. Among European countries, Germany and Slovenia were notable, with Slovenia experiencing notable growth compared to other European nations. However, the United Kingdom and several other countries faced significant declines. Additionally, over the past five years, the overall compound annual growth rate (CAGR) had varied across nations, reflecting differing economic and production conditions.
Looking ahead, key trends to watch include China’s continued dominance and potential changes in its production capacity and export policies. The reduction in exports by countries like the United Kingdom and Japan could lead to shifts in regional supply chains. Additionally, environmental regulations and technological advancements in refining processes could further influence global trade dynamics in the magnesium sector.
Top countries in Export of Unwrought Magnesium Containing At Least 99.8% by Weight of Magnesium Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81.69 | 2023 | +1.14% | +1.49% | View data |
| 2 | 2 Israel | 5.76 | 2023 | -2.98% | -2.21% | View data |
| 3 | 3 United States | 3.36 | 2023 | -0.42% | -1.44% | View data |
| 4 | 4 Germany | 1.95 | 2023 | -1.87% | -0.32% | View data |
| 5 | 5 Slovenia | 0.79 | 2023 | +3.55% | +9.33% | View data |
| 6 | 6 Russia | 0.76 | 2023 | -19.12% | -15.51% | View data |
| 7 | 7 Croatia | 0.74 | 2023 | +5.68% | +4.69% | View data |
| 8 | 8 Netherlands | 0.55 | 2023 | -13.92% | -10.57% | View data |
| 9 | 9 Canada | 0.54 | 2023 | -6.48% | +10.37% | View data |
| 10 | 10 Belgium | 0.5 | 2023 | -5.15% | -4.43% | View data |
