HS Code:
The category 'Containing magnesite, magnesia in the form of periclase, dolomite including in the form of dolime, or chromite' (HS Code: 2519) includes natural magnesium carbonate (magnesite), fused magnesia, dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering, other magnesium oxide, and dolomite, whether or not calcined or sintered, including dolime. These materials are primarily used in industries such as steel production, refractories, cement manufacturing, and agriculture for soil conditioning. Global trade in this category is driven by demand for high-temperature resistant materials in industrial applications.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$450 million USD
37.5% of total trade of total trade
Increasing
$180 million USD
15.0% of total trade of total trade
Stable
$120 million USD
10.0% of total trade of total trade
Increasing
$90 million USD
7.5% of total trade of total trade
Stable
$70 million USD
5.8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Growing demand in steel industry
Increased trade volume due to the use of magnesite and dolomite in refractory linings for steel furnaces
2021-2022
Shift towards sustainable mining practices
Higher production costs but improved market access in environmentally conscious regions like the EU
2020-2022
Rising competition from synthetic alternatives
Potential reduction in demand for natural magnesite and dolomite in certain applications
2022
China introduced stricter export controls on magnesite to prioritize domestic industrial needs, impacting global supply chains.
March 2023
Increased prices and supply shortages in importing countries, prompting diversification of sourcing.
New EU regulations under the Green Deal impose stricter environmental standards on imported magnesite and dolomite products.
July 2023
Higher compliance costs for exporters but potential long-term benefits for sustainable producers.
Turkey announced investments in expanding magnesite mining and processing facilities to meet growing global demand.
September 2023
Expected to solidify Turkey's position as a key supplier, potentially reducing reliance on Chinese exports.