Chlorides; of Magnesium Price in Azerbaijan - 2023

Contents:

1. Chlorides; of Magnesium Price in Azerbaijan (CIF) - 2022
2. Chlorides; of Magnesium Imports in Azerbaijan

Chlorides; of Magnesium Price in Azerbaijan (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $10,226 per ton, with an increase of 2,310% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($151,246 per ton), while the price for Turkey ($4,165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+64.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Imports in Azerbaijan

In 2022, purchases abroad of chlorides; of magnesia decreased by -97.7% to 35 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 100% against the previous year. As a result, imports attained the peak of 42 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chlorides; of magnesium imports contracted dramatically to $353 in 2022. In general, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 87%. As a result, imports attained the peak of $13K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Chlorides; of Magnesium to Azerbaijan in 2022:

1. Turkey (31.0 kg)
2. China (2.0 kg)
3. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform