# HS 281610 Hydroxide And Peroxide Of Magnesium global trade...

Reported global trade in hydroxide and peroxide of magnesium reached $281.1M in 2024, with five-year annual growth of +7%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $169.5M | -1.7% | +3.5% |
| 2014 | $181.2M | +6.9% | +4.1% |
| 2015 | $163.8M | -9.6% | -1.7% |
| 2016 | $167.3M | +2.2% | -0.4% |
| 2017 | $208.7M | +24.7% | +4.8% |
| 2018 | $199.1M | -4.6% | +6.7% |
| 2019 | $200.8M | +0.9% | +6.3% |
| 2020 | $207.1M | +3.2% | -0.3% |
| 2021 | $227.7M | +9.9% | +4.6% |
| 2022 | $268.9M | +18.1% | +10.2% |
| 2023 | $268.1M | -0.3% | +9% |
| 2024 | $281.1M | +4.8% | +7.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $33.3M | +19.7% | 23 |
| Germany | $32.0M | +6.8% | 26 |
| Italy | $30.0M | +9.5% | 16 |
| USA | $21.7M | +5.2% | 19 |
| Republic of Korea | $17.1M | +1.4% | 17 |
| Portugal | $15.1M | +7% | 15 |
| Canada | $12.0M | +12.2% | 12 |
| France | $11.1M | +4.3% | 24 |
| Saudi Arabia | $9.6M | +27.2% | 6 |
| United Kingdom | $8.0M | -4.6% | 22 |
| Singapore | $6.6M | +36.6% | 12 |
| Mexico | $5.9M | +8.2% | 21 |

_Source: reported merchandise trade data. Updated 2026-08-14._