On the basis of the fully relativistic distorted-wave treatment of impact excitation by a longitudinally polarized electron beam, we have assessed the influence of density effects on the magnetic sublevel population and circular polarization of x-ray radiation, taking the 1s2p 3P2
1s2 1S0 line of selected He-like Ne8+, Ar16+, and Kr34+ ions as an example. Starting from the most general method of rate equation, we carried out specific analytic expressions in terms of the magnetic sublevel-to-magnetic sublevel collisional-radiative model, corresponding to different states. It is shown that the density contributions to the magnetic sublevel population can be considerable. These dramatic influences also lead to a remarkable decrease in the circular polarization of x-ray radiation, yet the character of which weakens as the incident energy and/or atomic number increases. The Breit interaction and radiative cascade contributions are also estimated, and found to be generally important in these systems. These findings originate a better understanding of the fundamentals of x-ray radiation arising from various kinds of plasmas. Comparisons of our results with other theoretical predictions, when available, are made.