Market research

Magnesite market in Europe

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Europe" region includes following countries:

Albania

Andorra

Bosnia and Herzegovina

Croatia

Gibraltar

Greece

the Holy See

Italy

Malta

Montenegro

Portugal

San Marino

Serbia

Slovenia

Spain

North Macedonia

Bulgaria

Belarus

Czechia

Hungary

Moldova

Poland

Romania

Russia

Slovakia

Ukraine

Denmark

Estonia

Faroe Islands

Finland

Åland Islands

Iceland

Ireland

Latvia

Lithuania

Norway

Sweden

the United Kingdom

Isle of Man

Austria

Belgium

France

Germany

Liechtenstein

Luxembourg

Monaco

the Netherlands

Switzerland

Earlier Report Observations

The European natural magnesium carbonate market displayed fluctuating volumes between 2018 and 2022. Starting at 5.7 million tons in 2018, the market size dropped to 5.3 million tons in 2019, then stabilized and grew to 5.6 million tons by 2021.

In 2022, the market contracted to 5.5 million tons. This decline coincided with rising raw material costs and intensified competition among industry players, which pressured production and consumption volumes.

Beyond this period, magnesite was designated Austria's Mineral of the Year in 2024, underscoring the material's continued regional significance.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Europe
  1. 5.1.1. Annual dynamics of production in Europe in kind, 2018-2022, K t
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, K t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Albania in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Albania by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Albania by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Albania, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Albania by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Albania in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Albania by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Albania in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Albania by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Albania, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Albania by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Albania in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Albania by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Albania by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Albania, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Albania by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Albania in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Albania by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Albania in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Albania by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Albania, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Albania by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production magnesite in Europe

In kind, 2017-2020, K t

Top producers of magnesite, 2017-2020

Source: SHEV.io

World map of production of magnesite, 2017-2020

Source: SHEV.io

In 2020, Europe produced 5 329 K t of magnesite, showing little change from 2019. Production reached its lowest point in 2019 at 5 328 K t, while the peak was recorded in 2018 at 5 728 K t. Between 2017 and 2020, production decreased by 6.1%, averaging a 2.1% annual decline. The largest drop occurred in 2019 at 7.0%, whereas the biggest increase was in 2018 at 0.9%.

Annual dynamics of production in Europe in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.9%	(7.0%)	0.0%	(2.1%)

Source: SHEV.io

Exports magnesite from Europe

Exports in kind, K t

The data shows irregular changes, pointing to a volatile market environment. Exports from Europe hit their lowest point in 2020 at 12.7 K t, marking a sharp decline of 82.4% from the previous year. The peak was in 2018 at 86.2 K t, with a 6.8-fold difference between the maximum and minimum. The largest increase was recorded in 2018 at 32.2%.

Annual dynamics of product's exports from Europe in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.2%	(16.3%)	(82.4%)	(42.1%)

Source: SHEV.io

From 2017 to 2020, the core markets for Europe's magnesite exports in kind were China, India, and Angola, accounting for 11.8%, 7.3%, and 0.8% of exports, respectively. Together, they represented 19.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Europe in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Magnesite exports from Europe declined for the second year in a row in 2020, totaling 22 504 K $ US, a sudden decrease of 32.2% from the previous year. The peak value was in 2018 at 36 389 K $ US. Over the 2017-2020 period, exports fell by 10.8%, with a compound annual growth rate of -3.7%. The largest increase occurred in 2018 at 44.3%.

Annual dynamics of product's exports from Europe in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	44.3%	(8.8%)	(32.2%)	(3.7%)

Source: SHEV.io

The structure of magnesite exports in value terms from 2017 to 2020 was diversified. India, China, and the United States accounted for 28.8%, 12.8%, and 1.3% of exports, respectively, totaling 43.0% of flows. No single country held a clearly dominant position.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Europe in value, 2017-2020

Source: SHEV.io

Imports magnesite to Europe

Imports in kind, K t

The market displayed volatility during the observed period. Imports into Europe reached their lowest point in 2017 and peaked in 2019 at 92.6 K t, with a 1.9-fold difference between these years. In 2020, imports were 70.7 K t, down 23.6% from the previous year. The largest increase was recorded in 2019 at 73.4%.

Annual dynamics of product's imports to Europe in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.3%	73.4%	(23.6%)	13.1%

Source: SHEV.io

The structure of magnesite imports in kind from 2017 to 2020 was diversified. Turkey, Pakistan, and Saudi Arabia accounted for 18.5%, 2.8%, and 0.8% of imports, respectively, totaling 22.2% of flows. No country held a clearly dominant position.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Europe in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of growth, Europe's magnesite imports declined in 2020, totaling 27 196 K $ US, a strong drop of 17.2% compared to 2019. The peak was in 2019 at 32 842 K $ US. Between 2017 and 2020, imports increased by 44.5%, averaging a 13.1% annual growth rate. The largest increase occurred in 2019 at 67.4%.

Annual dynamics of product's imports to Europe in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	67.4%	(17.2%)	13.1%

Source: SHEV.io

The market base for magnesite imports in value terms from 2017 to 2020 was wide. Turkey, China, and Saudi Arabia accounted for 15.2%, 4.9%, and 2.3% of imports, respectively, jointly making up 22.3% of total flows. The remaining 77.7% was distributed among numerous other countries.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Europe in value, 2017-2020

Source: SHEV.io