Magnesite Market in South-Eastern Asia
Market Overview
The Southeast Asian magnesite market surged to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, magnesite production amounted to $ in estimated in export price. The total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of % against the previous year. The level of production peaked at $ in 2015; however, from 2016 to , production failed to regain momentum.
The country with the largest volume of magnesite production was Vietnam ( tons), accounting for % of total volume. Moreover, magnesite production in Vietnam exceeded the figures recorded by the second-largest producer, the Philippines ( tons), fourfold.
From 2007 to, the average annual rate of growth in terms of volume in Vietnam was relatively modest.
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, magnesite production amounted to $
in estimated in export price. The total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of % against the previous year. The level of production peaked at $ in 2015; however, from 2016 to , production failed to regain momentum.The country with the largest volume of magnesite production was Vietnam (
tons), accounting for % of total volume. Moreover, magnesite production in Vietnam exceeded the figures recorded by the second-largest producer, the Philippines ( tons), fourfold.From 2007 to
, the average annual rate of growth in terms of volume in Vietnam was relatively modest.Consumption
In , consumption of magnesite decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a significant expansion. As a result, consumption reached the peak volume of tons, and then dropped in the following year.
The revenue of the magnesite market in South-Eastern Asia dropped to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $, and then shrank in the following year.
, consumption of magnesite decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a significant expansion. As a result, consumption reached the peak volume of tons, and then dropped in the following year.The revenue of the magnesite market in South-Eastern Asia dropped to $
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $, and then shrank in the following year.Consumption by Country
Indonesia ( tons) remains the largest magnesite consuming country in South-Eastern Asia, comprising approx. % of total volume.
In Indonesia, magnesite consumption expanded at an average annual rate of +% over the period from 2007-.
In value terms, Indonesia ($) led the market, alone.
From 2007 to, the average annual growth rate of value in Indonesia totaled +%.
In No countries magnesite per capita consumption remained relatively stable over the period from 2007-.
tons) remains the largest magnesite consuming country in South-Eastern Asia, comprising approx. % of total volume.In Indonesia, magnesite consumption expanded at an average annual rate of +
% over the period from 2007-.In value terms, Indonesia ($
) led the market, alone.From 2007 to
, the average annual growth rate of value in Indonesia totaled +%.In No countries magnesite per capita consumption remained relatively stable over the period from 2007-
.Market Forecast
The magnesite market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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