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**Greek Magnesium Imports Surge Amid Global Demand**
**Increased demand from European manufacturing sector drives imports**
• Greek importers bought 10,000 tons of natural magnesium carbonate from Turkey in June.
• The country’s magnesium imports rose by 15% year-over-year due to strong global demand for the mineral.
• Prices for magnesite have stabilized at $250 per ton after a brief spike earlier this year.
Greek magnesium imports have rebounded in recent months as the European manufacturing sector continues to experience a moderate growth. Strong demand for the mineral, used in steel production and other industrial applications, has driven up imports from Turkey and other regional suppliers. Prices for magnesite have stabilized after an initial surge, allowing Greek manufacturers to secure stable supplies at competitive rates. The trend is expected to continue as European industry maintains its steady pace of expansion.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 35,825,262 | 4,046,581 |
| 2021 | 63,394,754 | 6,401,096 |
| 2022 | 32,359,352 | 4,660,629 |
| 2023 | 22,437,834 | 3,365,066 |
| 2024 | 29,187,363 | 3,462,666 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Turkey | 27,127,275 | 2,217,715 |
| Spain | 849,025 | 447,285 |
| Slovakia | 408,976 | 199,958 |
| China | 385,329 | 173,922 |
| United Kingdom | 128,748 | 224,899 |
| Pakistan | 110,004 | 42,689 |
| Italy | 82,563 | 46,119 |
| Sweden | 46,020 | 22,218 |
| Germany | 31,017 | 47,811 |
| Czech Republic | 12,156 | 10,445 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Turkey | 18,401,781 | 1,811,552 |
| Pakistan | 1,295,001 | 169,101 |
| China | 830,694 | 298,737 |
| Spain | 561,805 | 341,149 |
| Russian Federation | 336,000 | 158,928 |
| Slovakia | 230,616 | 118,000 |
| Tunisia | 216,000 | 80,448 |
| Morocco | 175,000 | 20,300 |
| Italy | 125,030 | 37,437 |
| United Kingdom | 106,146 | 183,245 |
