Chlorides; of Magnesium Price in Ireland - 2023

Contents:

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

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

The average chlorides; of magnesium export price stood at $238,560 per ton in 2022, with an increase of 23% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 343% against the previous year. As a result, the export price reached the peak level of $279,017 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($294,712 per ton), while the average price for exports to Finland ($46,154 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 (+152.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average chlorides; of magnesium import price stood at $1,999 per ton in 2022, increasing by 41% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 294% against the previous year. As a result, import price attained the peak level of $3,443 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,563 per ton), while the price for the Netherlands ($602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Exports in Ireland

After two years of decline, shipments abroad of chlorides; of magnesia increased by 47% to 8.7 tons in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium exports surged to $2.1M in 2022. Over the period under review, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Chlorides; of Magnesium in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom6834626401,60733.0%
Hungary583411371383-13.1%
RomaniaN/A62.610768.84.8%
Finland21.111.29.77.7-28.5%
Italy69.832.8N/A0.1-88.7%
Spain35.15.4N/AN/A-84.6%
Others24.77.316.114.3-16.7%
Total1,4179921,1442,08113.7%

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

  1. United Kingdom (5.5 tons)
  2. Hungary (2.5 tons)
  3. Romania (0.5 tons)
  4. Finland (0.2 tons)

Chlorides; of Magnesium Imports in Ireland

In 2022, purchases abroad of chlorides; of magnesia decreased by -15.5% to 448 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% 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 decreased by -22.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 95%. As a result, imports attained the peak of 581 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chlorides; of magnesium imports skyrocketed to $895K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Chlorides; of Magnesium in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic26849046244718.6%
BelgiumN/A3.042.9139580.7%
Germany13081.183.11330.8%
Netherlands28.545.373.011157.3%
United Kingdom29.431.330.026.4-3.5%
Others37.086.461.238.51.3%
Total49273775289522.1%

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

  1. Netherlands (183.7 tons)
  2. Czech Republic (152.5 tons)
  3. Germany (41.2 tons)
  4. Belgium (39.1 tons)
  5. United Kingdom (23.9 tons)

Source: IndexBox Market Intelligence Platform

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