Market research

Magnesite market in MERCOSUR

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"MERCOSUR" region includes following countries:

Brazil

Argentina

Uruguay

Paraguay

Earlier Report Observations

The natural magnesium carbonate market in MERCOSUR, driven entirely by domestic production, remained around 3 million tons in 2018 and 2019 before contracting sharply to 1 994 thousand tons in 2020.

Following the decline, the market size stabilized at 2 000 thousand tons in 2021 and 2022. In 2024, the market landscape was influenced by the entry of new players like Merck KGaA expanding into Latin America, a growing consumer preference for eco‑certified products in cosmetics, and increasing demand from the agricultural sector for magnesium carbonate as a soil amendment.

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 MERCOSUR
  1. 5.1.1. Annual dynamics of production in MERCOSUR 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 Brazil in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Brazil 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 Brazil in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Brazil 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 Brazil, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Brazil 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 Brazil in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Brazil 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 Brazil in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Brazil 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 Brazil, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Brazil 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 Brazil in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Brazil 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 Brazil in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Brazil 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 Brazil, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Brazil 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 Brazil in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Brazil 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 Brazil in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Brazil 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 Brazil, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Brazil 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 MERCOSUR

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

Magnesite production in MERCOSUR declined for the third consecutive year. In 2020, the region produced 1,994 thousand tonnes of magnesite, which represents a 32.7% decrease compared to 2019. Between 2017 and 2020, production fell by 41%, equating to an annualized decline of 16.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.7%)	(0.6%)	(32.7%)	(16.1%)

Source: SHEV.io

Exports magnesite from MERCOSUR

Exports in kind, t

The market experienced significant fluctuations during this period. Exports reached their lowest point in 2020 and peaked in 2019, with a 1,576-fold difference between these years. In 2020, MERCOSUR's magnesite exports totaled just 3 tonnes, marking a 99.9% contraction from the previous year. The maximum volume was recorded in 2019 at 5,048 tonnes, which represented an increase of 80,541.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(63.0%)	80 541.6%	(99.9%)	(42.6%)

Source: SHEV.io

From 2017 to 2020, the export partner base for magnesite in kind was extremely narrow, with the Netherlands alone accounting for 97.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Export volumes bottomed out in 2020 and peaked in 2019, with a top-to-bottom ratio of 127 times. In 2020, MERCOSUR exported $2.4 thousand worth of magnesite, reflecting a decline of 99.2% compared to 2019. The maximum value was recorded in 2019 at $306.8 thousand, which represented an increase of 8,494.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(52.0%)	8 494.3%	(99.2%)	(31.3%)

Source: SHEV.io

Throughout 2017 to 2020, the Netherlands almost entirely determined the geographical structure of magnesite exports from MERCOSUR in value terms, with a share of 94.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports magnesite to MERCOSUR

Imports in kind, t

MERCOSUR imported a total of 51 tonnes of magnesite in 2020, showing a decline of 27.1% year-over-year. Between 2017 and 2020, imports decreased by 44.8%, equating to an annualized rate of 17.9%. The largest increase was recorded in 2019 at 0.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(24.8%)	0.9%	(27.1%)	(17.9%)

Source: SHEV.io

Over the period 2017 to 2020, Spain (with 46.3% of imports in kind), Canada (8.8%), and Italy (4.6%) led the ranking of magnesite suppliers to MERCOSUR. Their combined share reached 59.7% of total imports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

MERCOSUR's magnesite import volume declined for the second consecutive year. In 2020, the region imported a total of $31.3 thousand worth of magnesite, which is 27.7% weaker compared to the previous year. Over the period 2017 to 2020, imports decreased by 32.9%, with a compound annual growth rate (CAGR) of -12.5%. The maximum value was recorded in 2018 at $58.3 thousand, and the largest increase occurred in 2018 at 24.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.9%	(25.7%)	(27.7%)	(12.5%)

Source: SHEV.io

From 2017 to 2020, Spain (with 41.4% of imports in value terms), Canada (23.3%), and Japan (5.0%) were the main suppliers of magnesite to MERCOSUR. Together, they comprised 69.6% of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io