Chlorides; of Magnesium Price in Colombia - 2022
Contents:
- Chlorides; of Magnesium Price in Colombia (CIF) - 2022
- Chlorides; of Magnesium Price in Colombia (FOB) - 2022
- Chlorides; of Magnesium Imports in Colombia
- Chlorides; of Magnesium Exports in Colombia
Chlorides; of Magnesium Price in Colombia (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $530 per ton, reducing by -46.9% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $1,060 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,003 per ton), while the price for Israel ($269 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced a decline.
Chlorides; of Magnesium Price in Colombia (FOB) - 2022
The average chlorides; of magnesium export price stood at $5,296 per ton in 2022, growing by 6.1% against the previous year. In general, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 99.9% against the previous year. The export price peaked at $9,628 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($8,413 per ton), while the average price for exports to Venezuela ($1,126 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 Guatemala (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chlorides; of Magnesium Imports in Colombia
For the fourth year in a row, Colombia recorded growth in supplies from abroad of chlorides; of magnesia, which increased by 68% to 1K tons in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports fell to $531K in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $595K, and then shrank in the following year.
| Import of Chlorides; of Magnesium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 144 | 178 | 185 | 122 | -5.4% |
| Germany | 134 | 125 | 62.8 | 63.2 | -22.2% |
| Czech Republic | 119 | 114 | 75.0 | 41.3 | -29.7% |
| United States | 6.4 | 25.1 | 23.9 | 39.6 | 83.6% |
| Netherlands | 41.5 | 8.8 | 19.7 | 14.5 | -29.6% |
| Israel | 7.3 | 5.7 | 3.5 | 1.8 | -37.3% |
| Others | 27.4 | 10.5 | 225 | 249 | 108.7% |
| Total | 479 | 468 | 595 | 531 | 3.5% |
Top Suppliers of Chlorides; of Magnesium to Colombia in 2022:
- China (182.7 tons)
- Germany (125.5 tons)
- Czech Republic (43.3 tons)
- United States (39.4 tons)
- Netherlands (20.1 tons)
- Israel (6.8 tons)
Chlorides; of Magnesium Exports in Colombia
In 2022, the amount of chlorides; of magnesia exported from Colombia soared to 23 tons, increasing by 17% on the previous year's figure. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 88% against the previous year. As a result, the exports attained the peak of 27 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, chlorides; of magnesium exports soared to $123K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 82%. As a result, the exports reached the peak of $147K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Chlorides; of Magnesium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 27.2 | 50.8 | 41.8 | 50.9 | 23.2% |
| Peru | 9.9 | 23.4 | 23.6 | 29.4 | 43.7% |
| Panama | 17.9 | 26.6 | 17.4 | 21.2 | 5.8% |
| United States | 8.9 | 18.1 | 7.6 | 11.2 | 8.0% |
| El Salvador | 11.6 | 4.0 | 2.8 | 3.5 | -32.9% |
| Guatemala | 1.9 | 2.9 | 2.4 | 3.5 | 22.6% |
| Venezuela | 1.6 | 1.6 | 0.9 | 0.9 | -17.5% |
| Dominican Republic | N/A | 16.8 | N/A | N/A | 0% |
| Others | 1.4 | 2.4 | 2.0 | 2.2 | 16.3% |
| Total | 80.4 | 147 | 98.5 | 123 | 15.2% |
Top Export Markets for Chlorides; of Magnesium from Colombia in 2022:
- Ecuador (9.9 tons)
- Peru (6.6 tons)
- Panama (2.5 tons)
- United States (2.2 tons)
- Venezuela (0.8 tons)
- Guatemala (0.5 tons)
- El Salvador (0.3 tons)
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In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
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