Market research

Magnesite market in Southern Asia

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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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

The natural magnesium carbonate market in Southern Asia experienced considerable volatility from 2018 to 2022. Market volume, reflecting domestic consumption, fell by nearly 15% in 2019 to 273.5 thousand tons, then recovered by over 23% in 2020 to 338.1 thousand tons, before declining again in the subsequent two years.

This movement was closely tied to production trends, which dropped by 12.8% in 2019 to 296.8 thousand tons, surged by 23% in 2020 to 365.2 thousand tons, and then contracted by 8.8% in 2021 and 6.3% in 2022. The region remained a net exporter throughout the period, with exports consistently exceeding 20 thousand tons per year and imports remaining negligible.

By 2022, both market volume and production had settled below their 2018 starting points, indicating a period of overall contraction after the temporary peak in 2020.

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

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

Southern Asia's magnesite production rebounded in 2020 after two consecutive years of decline. The region produced 365.2 K t of magnesite that year, marking a 23.0% increase from 2019. Production had previously hit its lowest point in 2019 at 296.8 K t, which represented the largest annual decline of 12.8% during this period.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.9%)	(12.8%)	23.0%	(0.4%)

Source: SHEV.io

Exports magnesite from Southern Asia

Exports in kind, t

Southern Asia's magnesite exports grew for the third year in a row in 2020, reaching 27 261 t. This volume was 15.6% higher than in 2019. Over the entire period from 2017 to 2020, exports surged by 523.3%, translating to an average annual growth rate of 84.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	362.4%	16.6%	15.6%	84.0%

Source: SHEV.io

From 2017 to 2020, Southern Asia's magnesite exports in kind were highly diversified geographically. The top three destinations—the United Arab Emirates (13.2% of exports), Greece (11.8%), and China (4.7%)—collectively accounted for just 29.6% of total exports. The remaining 70.4% was spread across numerous smaller trading partners.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market for magnesite exports in value terms showed significant fluctuations between 2017 and 2020. Exports peaked in 2018 at 5 661 K $ US, then fell to their lowest point in 2020 at 1 362 K $ US, representing a 4.2-fold difference between these years. The 2020 value was 33.8% lower than in 2019. The largest annual decline occurred in 2019 at 63.6%, while the biggest increase was in 2018 at 204.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	204.5%	(63.6%)	(33.8%)	(9.9%)

Source: SHEV.io

Between 2017 and 2020, Greece (14.0% of exports in value), the United Arab Emirates (9.6%), and China (4.1%) were the largest buyers of magnesite from Southern Asia in monetary terms. However, they were not dominant, as together they made up only 27.7% of total export value, with the rest distributed among a wide range of smaller partners.

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

Source: SHEV.io

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

Source: SHEV.io

Imports magnesite to Southern Asia

Imports in kind, t

Southern Asia's magnesite imports in kind displayed irregular changes from 2017 to 2020, reflecting a volatile market. Imports reached their highest level in 2018 at 290 t and their lowest in 2017, with a 1.7-fold variation between these years. In 2020, imports totaled 184 t, which was 23.0% less than in 2019. The largest annual increase occurred in 2018 at 73.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	73.6%	(17.6%)	(23.0%)	3.3%

Source: SHEV.io

From 2017 to 2020, the main sources for magnesite imports in kind to Southern Asia were Spain (11.5% of imports), China (11.3%), and Italy (1.9%). Together, these three countries accounted for 24.7% of total import flows during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Imports of magnesite in value terms followed an unstable trend from 2017 to 2020. They peaked in 2018 at 143 K $ US and hit their lowest point in 2019 at 69 K $ US, showing a 2.1-fold gap. In 2020, imports rose sharply to 128 K $ US, an 85.2% increase compared to 2019. The largest annual decline was in 2019 at 51.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	38.9%	(51.5%)	85.2%	7.7%

Source: SHEV.io

Over the 2017–2020 period, the country breakdown of magnesite imports in value terms remained scattered. China (18.9% of imports), Spain (13.6%), and Egypt (8.5%) were the top sources, but together they represented just 40.9% of total import value, with no single partner emerging as clearly dominant.

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

Source: SHEV.io

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

Source: SHEV.io