Market research

Magnesite market in Greece

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Greek magnesite market volume contracted from 470.4 thousand tons in 2018 to 304.1 thousand tons in 2020, while production fell from 464.7 thousand tons to 275.1 thousand tons over the same period. A partial recovery followed, with market volume reaching 365.9 thousand tons in 2021 and stabilizing at 349.9 thousand tons in 2022, as production climbed back to 322.4 thousand tons.

Imports surged from 7.1 thousand tons in 2018 to a peak of 56.7 thousand tons in 2021, before declining to 27.6 thousand tons in 2022 and further to 19.2 thousand tons in 2023. In 2024, imports rose to 27.0 thousand tons. During this later period, the market for magnesium carbonate food supplements in Greece was influenced by shifting consumer preferences favoring natural and bioavailable forms of magnesium, supporting demand within this specific segment.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2022
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Greece
  1. 5.1.1. Annual dynamics of production in Greece in kind, 2018-2022, K t
  2. 5.1.2. Annual dynamics of production in Greece in value, 2018-2022, $ US
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 Greece in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Greece 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 Greece in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Greece 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 Greece, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Greece 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 Greece in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Greece 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 Greece in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Greece 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 Greece, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Greece 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 Greece in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Greece 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 Greece in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Greece 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 Greece, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Greece 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 Greece in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Greece 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 Greece in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Greece 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 Greece, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Greece 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 Greece

In kind, 2017-2020, K t

Globally, Greece ranked as the 9th largest producer of magnesite from 2017 to 2020.

Top producers of magnesite, 2017-2020

Source: SHEV.io

World map of production of magnesite, 2017-2020

Source: SHEV.io

Magnesite production in Greece fell for the third year in a row. In 2020, Greece produced 275.1 K t of magnesite, a 24.8% drop from 2019. Between 2017 and 2020, production decreased by 44.9%, which translates to an average annual decline of 18.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.9%)	(21.3%)	(24.8%)	(18.0%)

Source: SHEV.io

In value, 2017-2020, K $ US

The value of magnesite production in Greece declined for the second consecutive year. In 2020, output was valued at 61 116 K $ US, down 10.0% from the previous year. From 2017 to 2020, production value fell by 28.3%, averaging a 10.5% annual decrease. The peak value occurred in 2018 at 85 474 K $ US, while the sharpest drop was in 2019 at 20.5%. The smallest change was a slight increase of 0.2% in 2018.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.2%	(20.5%)	(10.0%)	(10.5%)

Source: SHEV.io

Exports magnesite from Greece

Exports in kind, t

In 2020, Greece's cross-border shipments of magnesite totaled 1 251 t, marking a 10.4% decrease from 2019. Between 2017 and 2020, exports fell by 23.9%, with an average annual decline of 8.7%. The largest drop was in 2018 at 19.2%, while the biggest increase was in 2019 at 5.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.2%)	5.1%	(10.4%)	(8.7%)

Source: SHEV.io

From 2017 to 2020, Italy was consistently the primary and nearly exclusive destination for Greece's magnesite exports in kind, accounting for 96.3% of the total.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Cross-border shipments of magnesite from Greece increased for the second year in a row. In 2020, exports reached 278 K $ US, up 7.2% from the previous year. The lowest value was recorded in 2018 at 244 K $ US, with the largest decline that year at 12.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.9%)	6.1%	7.2%	(0.3%)

Source: SHEV.io

Between 2017 and 2020, Greece's magnesite exports in value terms were heavily concentrated on Italy, which made up 96.1% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports magnesite to Greece

Imports in kind, t

The market showed an unstable trend over the period. Imports were lowest in 2017 and peaked in 2019, with a 16-fold difference between these years. In 2020, magnesite imports to Greece stood at 30 250 t, down 3.1% from the previous year. The highest volume was in 2019 at 31 210 t, with the largest increase that year at 341.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	270.2%	341.4%	(3.1%)	151.1%

Source: SHEV.io

From 2017 to 2020, Turkey was the main source for magnesite imports to Greece, representing 71.0% of total imports in kind, while the rest was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Magnesite shipments to Greece from abroad rose for the third consecutive year. In 2020, imports totaled 2 653 K $ US, a 3.2% increase from the year before. Over the 2017-2020 period, imports surged by 1 094.1%, with a compound annual growth rate of 128.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	354.4%	154.6%	3.2%	128.6%

Source: SHEV.io

Between 2017 and 2020, Turkey and Pakistan dominated Greece's magnesite imports in value terms, together accounting for 90.9% of total flows, with the remainder spread across smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io