Magnesite Market Overview in Greece
In value terms, magnesite production skyrocketed to $ in estimated in export prices. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Magnesite production peaked in and is expected to retain growth in the immediate term.
The revenue of the magnesite market in Greece reduced rapidly to $ in , dropping 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). Over the period under review, consumption, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $, and then fell significantly in the following year.