The United States, with imports valued at $42.326 million, leads the global import market for magnesium waste or scrap in 2023, followed by the Czech Republic and Serbia. Year-on-year variations indicate significant growth in Lithuania and South Korea, whereas Italy and Chile experienced substantial declines. Notably, South Korea, Japan, and Romania saw noticeable increases, reflecting expanding demand. Conversely, Hungary, Czech Republic, and Italy faced negative growth. Over a five-year period, trends show consistent increases in scrap imports for technology-driven countries, while some Eastern European countries faced fluctuations.
Future trends to watch include the increasing demand from emerging economies in Asia and potential impacts from advances in recycling technology and industry regulations, which may influence global trade patterns and sourcing strategies for magnesium scrap.
Top countries in Import of Magnesium Waste or Scrap by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 42,326,000 | 2023 | +0.38% | -0.025% | View data |
| 2 | 2 Czech Republic | 13,818,000 | 2023 | +0.61% | -3.82% | View data |
| 3 | 3 Serbia | 11,624,000 | 2023 | +4.19% | +4.98% | View data |
| 4 | 4 Brazil | 9,938,900 | 2023 | +2.97% | +1.36% | View data |
| 5 | 5 Hungary | 8,553,700 | 2023 | -2.15% | -2.36% | View data |
| 6 | 6 Germany | 5,468,000 | 2023 | -3.45% | +0.93% | View data |
| 7 | 7 Austria | 4,048,300 | 2023 | -5.52% | -1.52% | View data |
| 8 | 8 Romania | 3,028,100 | 2023 | +4.46% | +5.58% | View data |
| 9 | 9 Ukraine | 2,354,000 | 2023 | +2.82% | +4.4% | View data |
| 10 | 10 South Korea | 1,593,300 | 2023 | +5.93% | +7.26% | View data |
