Chlorides; of Magnesium Price in Japan - 2023

Contents:

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

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

In 2022, the average chlorides; of magnesium import price amounted to $283 per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. As a result, import price attained the peak level of $309 per ton. From 2018 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 the Czech Republic ($1,699 per ton), while the price for China ($237 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average chlorides; of magnesium export price stood at $4,260 per ton in 2022, rising by 10% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The growth pace was the most rapid in 2018 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $4,985 per ton in 2012; however, from 2013 to 2022, the 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 Thailand ($16,024 per ton), while the average price for exports to the Netherlands ($877 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 the UK (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Imports in Japan

In 2022, imports of chlorides; of magnesia into Japan declined to 31K tons, which is down by -4.7% against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 8%. As a result, imports attained the peak of 33K tons, and then declined modestly in the following year.

In value terms, chlorides; of magnesium imports rose remarkably to $8.8M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Chlorides; of Magnesium in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.34.65.35.37.2%
Israel2.11.31.52.0-1.6%
Czech Republic0.50.50.70.817.0%
Others1.70.60.70.7-25.6%
Total8.77.18.28.80.4%

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

  1. China (22.5K tons)
  2. Israel (7.8K tons)
  3. Czech Republic (0.5K tons)

Chlorides; of Magnesium Exports in Japan

In 2022, the amount of chlorides; of magnesia exported from Japan reached 1.3K tons, remaining stable against the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7.9% against the previous year. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides; of magnesium exports expanded significantly to $5.6M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.

Export of Chlorides; of Magnesium in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea3,4273,4232,8723,351-0.7%
United States41441540256310.8%
China3705573604234.6%
Taiwan (Chinese)204202218181-3.9%
Canada95.514311415417.3%
NetherlandsN/AN/A167127-24.0%
United Kingdom74.416628.154.9-9.6%
Germany59.160.439.149.0-6.1%
Others5626878026826.7%
Total5,2075,6535,0025,5832.4%

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

  1. South Korea (501.7 tons)
  2. United States (182.5 tons)
  3. Taiwan (Chinese) (179.3 tons)
  4. Netherlands (144.8 tons)
  5. China (68.4 tons)
  6. Germany (54.0 tons)
  7. Canada (48.0 tons)
  8. United Kingdom (30.0 tons)

Source: IndexBox Market Intelligence Platform

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