Magnesite Market in Brazil
Market Overview
For the third consecutive year, the Brazilian magnesite market recorded growth in sales value, which increased by 
% to $ in . Over the period under review, consumption enjoyed a strong increase. Magnesite consumption peaked in and is likely to see gradual growth in the immediate term.
In value terms, magnesite production declined modestly to $ in estimated in export price. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of %. Over the period under review, production hit record highs at $ in , and then reduced in the following year.
% to $ in . Over the period under review, consumption enjoyed a strong increase. Magnesite consumption peaked in and is likely to see gradual growth in the immediate term.In value terms, magnesite production declined modestly to $
in estimated in export price. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of %. Over the period under review, production hit record highs at $ in , and then reduced in the following year.Consumption
In , approx. tons of magnesite were consumed in Brazil; increasing by % against figures. Overall, consumption posted a prominent expansion. Magnesite consumption peaked in and is likely to see steady growth in the immediate term.
The size of the magnesite market in Brazil rose to $ in , growing 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 posted a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.
, approx. tons of magnesite were consumed in Brazil; increasing by % against figures. Overall, consumption posted a prominent expansion. Magnesite consumption peaked in and is likely to see steady growth in the immediate term.The size of the magnesite market in Brazil rose to $
in , growing 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 posted a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for magnesite in Brazil, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 .Market Structure
Over the period under review, imports of magnesite in Brazil were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for magnesite.
Trade Balance
Brazil remains a net importer of magnesite; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of kg, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of kg, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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