In 2023, Canada's import of magnesium raspings, turnings witnessed a 5.15% increase, leading at $70.189 million, showcasing robust demand. Germany and Japan faced minor declines of 0.18% and 1.7%, respectively. Notable increment is seen in South Africa with 5.25% growth. Countries like Iceland and Philippines experienced strong surges at 8.82% and 23.94%, while Ivory Coast marked a remarkable 105.97% growth. However, Italy, Slovenia, and Sweden observed notable decreases, with declines over 10%. This contrasts the declining trend seen in several European countries, and in the US (-5.1%).
Future trends suggest increasing imports in fast-growing economies such as Ivory Coast, Greece, and the Philippines due to industrial expansion. Expect fluctuating demand in Europe and a potential rebound in the US market as manufacturing evolves. Technological advancements and economic policies may influence trends, especially in emerging markets.
Top countries in Import of Magnesium Raspings, Turnings Size Graded by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 70,189,000 | 2023 | +4.8% | +5.15% | View data |
| 2 | 2 Germany | 42,462,000 | 2023 | -0.39% | -0.18% | View data |
| 3 | 3 India | 25,764,000 | 2023 | +4.02% | +4.55% | View data |
| 4 | 4 Netherlands | 16,742,000 | 2023 | +3.27% | +3.61% | View data |
| 5 | 5 Slovakia | 12,058,000 | 2023 | +3.64% | +2.53% | View data |
| 6 | 6 South Africa | 12,029,000 | 2023 | +3.89% | +5.25% | View data |
| 7 | 7 Japan | 9,828,200 | 2023 | -2.74% | -1.7% | View data |
| 8 | 8 United Kingdom | 8,787,200 | 2023 | -0.077% | -0.98% | View data |
| 9 | 9 Serbia | 7,400,900 | 2023 | +4.36% | +2.77% | View data |
| 10 | 10 Romania | 6,680,300 | 2023 | +5.82% | +4.63% | View data |
