Chlorides; of Magnesium Price in Bulgaria - 2023

Contents:

  1. Chlorides; of Magnesium Price in Bulgaria (CIF) - 2022
  2. Chlorides; of Magnesium Price in Bulgaria (FOB) - 2022
  3. Chlorides; of Magnesium Imports in Bulgaria
  4. Chlorides; of Magnesium Exports in Bulgaria

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

The average chlorides; of magnesium import price stood at $452 per ton in 2022, surging by 3.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $530 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($622 per ton), while the price for Israel ($331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Magnesium Price in Bulgaria (FOB) - 2022

The average chlorides; of magnesium export price stood at $1,755 per ton in 2022, waning by -19.6% against the previous year. In general, the export price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2017 an increase of 596%. As a result, the export price attained the peak level of $8,788 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($1,844 per ton), while the average price for exports to the Netherlands ($455 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 Romania (-0.3%), while the prices for the other major destinations experienced a decline.

Chlorides; of Magnesium Imports in Bulgaria

In 2022, chlorides; of magnesium imports into Bulgaria skyrocketed to 446 tons, rising by 62% compared with the previous year's figure. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports skyrocketed to $202K in 2022. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands86.573.094.11077.3%
Israel13.0N/AN/A37.742.6%
Poland2.80.74.113.167.3%
Russia18.614.67.111.6-14.6%
United States12.1N/AN/A9.2-8.7%
Others28.619.015.023.1-6.9%
Total1621071202027.6%

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

  1. Netherlands (241.9 tons)
  2. Israel (114.0 tons)
  3. Russia (34.2 tons)
  4. Poland (27.3 tons)
  5. United States (14.8 tons)

Chlorides; of Magnesium Exports in Bulgaria

In 2022, chlorides; of magnesium exports from Bulgaria surged to 5.7 tons, rising by 158% against the year before. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 642%. As a result, the exports attained the peak of 9.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chlorides; of magnesium exports skyrocketed to $10K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 697%. As a result, the exports reached the peak of $15K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Chlorides; of Magnesium in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mauritius0.89.61.47.1107.0%
Romania1.01.43.52.535.7%
NetherlandsN/AN/AN/A0.10%
GreeceN/A0.6N/AN/A0%
GeorgiaN/A0.8N/AN/A0%
SeychellesN/A2.8N/AN/A0%
OthersN/AN/AN/A0.30%
Total1.915.34.910.174.5%

Top Export Markets for Chlorides; of Magnesium from Bulgaria in 2022:

  1. Mauritius (4.1 tons)
  2. Romania (1.4 tons)
  3. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform

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