In 2023, China dominated the global export of articles containing magnesite, dolomite, or chromite with a share of 72.46% in US dollars. Poland and Brazil trailed significantly with 6.04% and 6% shares respectively. Notable growth was seen in Egypt and Switzerland, with year-on-year increases of 121.59% and 15.59%. Conversely, Japan and South Korea experienced declines of 10.01% and 21.9%. Over the last five years, exports have been driven by significant contributors like China and emerging increases in countries such as Peru and Lithuania.
Future trends to watch include:
- China's continued dominance, but with growing competition from emerging markets.
- Potential volatility due to geopolitical tensions, particularly in resource-rich regions.
- Sustainability and technological advancements potentially shifting market shares.
- The influence of trade regulations on global supply chains for these minerals.
Top countries in Export of Articles Containing Magnesite, Dolomite or Chromite Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72.46 | 2023 | +5% | +3.42% | View data |
| 2 | 2 Poland | 6.04 | 2023 | +3.71% | +0.94% | View data |
| 3 | 3 Brazil | 6 | 2023 | +4.63% | +4.16% | View data |
| 4 | 4 Spain | 3.44 | 2023 | +4.44% | +2.36% | View data |
| 5 | 5 Norway | 1.56 | 2023 | +0.27% | +1.04% | View data |
| 6 | 6 Netherlands | 1.55 | 2023 | +5.63% | +1.17% | View data |
| 7 | 7 United States | 1.47 | 2023 | +4.98% | +4.25% | View data |
| 8 | 8 Germany | 0.73 | 2023 | -12.04% | +7.07% | View data |
| 9 | 9 Denmark | 0.19 | 2023 | +1.07% | -2.26% | View data |
| 10 | 10 Canada | 0.19 | 2023 | +0.64% | +2.1% | View data |
