From 2013 to 2023, China's per capita market size value for Natural Magnesium Carbonate and Magnesium Oxide increased from $0.81 to $1.44, with 2023 figures showing a robust market size value. Year-on-year growth from 2022 to 2023 was 2.13%. Over the last five years, the compound annual growth rate (CAGR) stood at 1.91%, reflecting steady demand and increased utilization.

Future trends to watch for include:

Potential growth driven by rising industrial applications and environmental trends.
Impact of digitalization on distribution channels.
Regulatory changes affecting production processes and costs.