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Middle East's Magnesium Market Poised for Steady 2.4% CAGR Growth Through 2035...
22 Sep, 2025 13:40 291 min read
The Middle East magnesium market is projected to grow to 37K tons in volume and $125M in value by 2035, with CAGRs of +2.4% and +2.0% respectively from 2024. Consumption in 2024 was 28K tons, led by the UAE, Saudi Arabia, and Qatar. Israel is the dominant producer, accounting for 97% of regional output. The market is heavily import-dependent, with the UAE being the largest importer. Exports, primarily from Israel, saw a significant contraction in 2024 after a peak in 2023. Trade is dominated by high-purity unwrought magnesium (99.8%+).... More