The global export market for unwrought magnesium with at least 99.8% purity is dominated by China, contributing a substantial portion of the total exports. In 2023, China saw a 1.49% increase in exports, indicating continued growth in its production and market penetration.
In contrast, many other key exporters experienced declines. Notably, Russia faced a significant drop of 15.51%, and the United Kingdom's exports sharply decreased by 27.03%. Conversely, Slovenia and Canada showed robust growth, with increases of 9.33% and 10.37%, respectively.
Future trends to watch include China’s ongoing primacy that may lead to further global supply chain influences. Additionally, technological advancements, environmental regulations, and economic policies may impact production and export capabilities in smaller markets, offering potential shifts in market dynamics.
Top countries in Export of Unwrought Magnesium Containing At Least 99.8% by Weight of Magnesium by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 542,200,000 | 2023 | +1.14% | +1.49% | View data |
| 2 | 2 Israel | 38,260,000 | 2023 | -2.98% | -2.21% | View data |
| 3 | 3 United States | 22,292,000 | 2023 | -0.42% | -1.44% | View data |
| 4 | 4 Germany | 12,932,000 | 2023 | -1.87% | -0.32% | View data |
| 5 | 5 Slovenia | 5,229,400 | 2023 | +3.55% | +9.33% | View data |
| 6 | 6 Russia | 5,055,400 | 2023 | -19.12% | -15.51% | View data |
| 7 | 7 Croatia | 4,890,500 | 2023 | +5.68% | +4.69% | View data |
| 8 | 8 Netherlands | 3,670,900 | 2023 | -13.92% | -10.57% | View data |
| 9 | 9 Canada | 3,616,400 | 2023 | -6.48% | +10.37% | View data |
| 10 | 10 Belgium | 3,337,500 | 2023 | -5.15% | -4.43% | View data |
