In 2023, China led global magnesite production with 18 million metric tons, accounting for a dominant share. Turkey and Russia followed, producing 2.7 and 1.3 million metric tons respectively. Brazil and Austria marked outputs of 1.2 and 0.73 million metric tons. From 2023 to 2024, China’s production growth is forecasted at 3%, while Turkey and Russia are expected to see 2% growth. The past five years showcased a 2% CAGR globally, with China’s innovations contributing significantly. Despite smaller scales, Spain and India registered steady outputs.
Future trends to observe include China’s technological advancements, influencing global market dynamics and promoting efficiency. Due to geopolitical shifts, increased investments in sustainable mining practices are anticipated, especially in Turkey and Brazil. Growing demand for refractory materials in emerging markets may drive production enhancements in underrepresented regions.
Top countries in Top Magnesite Producing Countries
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 18,000 | 2017 | |
| 2 | 2 Turkey | 2,700 | 2017 | |
| 3 | 3 Russia | 1,300 | 2017 | |
| 4 | 4 Brazil | 1,200 | 2017 | |
| 5 | 5 Austria | 730 | 2017 | |
| 6 | 6 Slovakia | 570 | 2017 | |
| 7 | 7 Australia | 450 | 2017 | |
| 8 | 8 Greece | 400 | 2017 | |
| 9 | 9 Spain | 310 | 2017 | |
| 10 | 10 North Korea | 300 | 2017 |
