Sulphates; of Magnesium Price in Iran - 2021
Contents:
- Sulphates; of Magnesium Price in Iran (CIF) - 2022
- Sulphates; of Magnesium Price in Iran (FOB) - 2022
- Sulphates; of Magnesium Imports in Iran
- Sulphates; of Magnesium Exports in Iran
Sulphates; of Magnesium Price in Iran (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $1,212 per ton, rising by 26% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price increased by +101.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 60%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,315 per ton), while the price for Poland ($164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Price in Iran (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $451 per ton, declining by -5.4% against the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs at $476 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($483 per ton), while the average price for exports to Kazakhstan ($135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Iran
In 2022, sulphates; of magnesium imports into Iran reduced to 440 tons, which is down by -10% on the year before. Over the period under review, imports faced a precipitous decrease. The smallest decline of -8.9% was in 2020.
In value terms, sulphates; of magnesium imports expanded significantly to $534K in 2022. In general, imports saw a drastic downturn.
| Import of Sulphates; of Magnesium in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 838 | 266 | 370 | 169 | -41.4% |
| Ireland | 85.4 | 132 | 32.6 | 150 | 20.7% |
| China | 44.4 | 75.5 | 42.4 | 19.5 | -24.0% |
| Germany | 4.4 | 15.0 | 7.9 | 10.1 | 31.9% |
| Poland | 5.5 | 11.6 | 4.4 | 7.0 | 8.4% |
| Hong Kong SAR | N/A | 45.3 | N/A | N/A | 0% |
| Others | 33.8 | 51.6 | 14.1 | 179 | 74.3% |
| Total | 1,012 | 596 | 471 | 534 | -19.2% |
Top Suppliers of Sulphates; of Magnesium to Iran in 2022:
- Ireland (171.3 tons)
- China (106.3 tons)
- India (72.8 tons)
- Poland (42.7 tons)
- Germany (14.2 tons)
Sulphates; of Magnesium Exports in Iran
In 2022, shipments abroad of sulphates; of magnesia decreased by -2.1% to 19 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 138%. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sulphates; of magnesium exports shrank to $8.3K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 83%.
| Export of Sulphates; of Magnesium in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 3.5 | 2.9 | 8.5 | 8.0 | 31.7% |
| Azerbaijan | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Kazakhstan | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Iraq | N/A | 2.4 | N/A | N/A | 0% |
| Pakistan | N/A | 1.9 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 4.2 | 7.7 | 9.0 | 8.3 | 25.5% |
Top Export Markets for Sulphates; of Magnesium from Iran in 2022:
- Turkmenistan (16.5 tons)
- Azerbaijan (1.2 tons)
- Kazakhstan (0.8 tons)
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