Market research

Magnesite market in GCC

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"GCC" region includes following countries:

Bahrain

Qatar

Kuwait

the United Arab Emirates

Oman

Saudi Arabia

Earlier Report Observations

The GCC natural magnesium carbonate market volume contracted significantly from 327.8 thousand tons in 2018 to 244.1 thousand tons in 2020, a reduction of over 25%. This decline aligned with a substantial drop in domestic production, which fell by 82 thousand tons over the same period. The market began to recover in 2021, reaching 270.3 thousand tons and further advancing to 288.5 thousand tons in 2022.

The recovery through 2022 was supported by a rebound in production to 289 thousand tons. Trade flows showed considerable volatility during this period, with imports and exports both surging in 2021 before moderating in the following year.

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 GCC
  1. 5.1.1. Annual dynamics of production in GCC 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bahrain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bahrain by countries, 2018-2024, 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 Bahrain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bahrain 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, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bahrain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bahrain by countries, 2018-2024, 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 Bahrain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bahrain 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, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bahrain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bahrain by countries, 2018-2024, 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 Bahrain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bahrain 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, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bahrain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bahrain by countries, 2018-2024, 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 Bahrain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bahrain 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 Bahrain, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bahrain by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, 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 GCC

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

GCC's magnesite production declined for the second consecutive year. In 2020, production reached 244.0 K t, representing a 22.5% year-over-year decrease. Over the period from 2017 to 2020, production fell by 19.2%, with a compound annual growth rate of -6.9%. The highest production level was recorded in 2018 at 326.0 K t, which also saw the largest annual increase of 7.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.9%	(3.4%)	(22.5%)	(6.9%)

Source: SHEV.io

Exports magnesite from GCC

Exports in kind, t

Magnesite exports from GCC increased for the third consecutive year. In 2020, exports reached 6 536 t, marking an 82.1% rise compared to 2019. From 2017 to 2020, exports surged by 14 868.8%, with a compound annual growth rate of 431.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	166.8%	2 980.8%	82.1%	431.0%

Source: SHEV.io

Between 2017 and 2020, India was the nearly exclusive buyer of magnesite from GCC, accounting for 98.7% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

GCC's magnesite export value increased for the third consecutive year. In 2020, exports totaled 356.6 K $ US, reflecting a 39.5% year-over-year growth. From 2017 to 2020, export value rose by 1 240.8%, equating to an annualized rate of 137.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	522.7%	54.4%	39.5%	137.6%

Source: SHEV.io

From 2017 to 2020, India was the principal market for GCC's magnesite exports, representing 76.0% of total export value. Other destinations contributed a smaller share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports magnesite to GCC

Imports in kind, t

The market exhibited volatility during the observed period. Import levels fluctuated significantly, with a 3.3-fold difference between the low of 1 971 t in 2018 and the high of 6 599 t in 2020. In 2020, imports stood at 6 599 t, showing a steep 28.9% increase from the previous year. The largest decline occurred in 2018 at 45.6%, while the largest increase was recorded in 2019 at 159.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(45.6%)	159.7%	28.9%	22.1%

Source: SHEV.io

Between 2017 and 2020, Pakistan (53.1% of imports in volume), China (22.5%), and India (12.0%) accounted for the largest shares of magnesite imports into GCC, together comprising 87.7% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After two years of growth, GCC's magnesite import value declined. In 2020, imports amounted to 533.2 K $ US, equivalent to a 26.1% year-over-year decrease. From 2017 to 2020, import value fell by 19%, with an annualized rate of -6.8%. The peak value was recorded in 2019 at 721.2 K $ US, which also saw the largest annual increase of 6.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.0%	6.4%	(26.1%)	(6.8%)

Source: SHEV.io

Over the period from 2017 to 2020, India (34.0% of import value), China (21.5%), and Pakistan (18.1%) consistently held leading positions in GCC's magnesite import structure, jointly accounting for 73.6% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io