In 2023, Canada led global imports of magnesium raspings, turnings size graded with a substantial volume of 27.598 million kg, showing a 4.91% year-on-year increase. Germany and India followed with imports of 16.718 and 10.502 million kg, respectively. Notably, the U.S. exhibited a sharp decline of 12.94% in imports. Emerging trends include the significant growth in the Philippines at 24.2% and notable declines in markets like Sweden and Italy, decreasing by 13.58% and 34.52%, respectively.
Future trends to watch for:
- A sustained increase in demand from Canada and India.
- Potential market shifts due to technological advancements and geopolitical factors.
- Fluctuations in demand influenced by environmental regulations and sustainable practices.
Top countries in Import of Magnesium Raspings, Turnings Size Graded by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 27,598,000 | 2023 | +4.87% | +4.91% | View data |
| 2 | 2 Germany | 16,718,000 | 2023 | +0.49% | +1.15% | View data |
| 3 | 3 India | 10,502,000 | 2023 | +4.27% | +5.41% | View data |
| 4 | 4 Slovakia | 7,540,100 | 2023 | +4.82% | +2.18% | View data |
| 5 | 5 Netherlands | 7,068,900 | 2023 | +3.8% | +4.66% | View data |
| 6 | 6 South Africa | 4,568,100 | 2023 | +3.65% | +4.95% | View data |
| 7 | 7 United Kingdom | 3,552,700 | 2023 | +0.8% | +0.1% | View data |
| 8 | 8 Japan | 3,415,600 | 2023 | -2.91% | -3.88% | View data |
| 9 | 9 Serbia | 2,689,200 | 2023 | +4.32% | +3.04% | View data |
| 10 | 10 Poland | 2,406,800 | 2023 | +2.9% | +3.74% | View data |
