Chlorides; of Magnesium Price in New Zealand - 2023

Chlorides; of Magnesium Price in New Zealand (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $219 per ton, rising by 3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 7.4% against the previous year. The import price peaked at $220 per ton in 2019; however, from 2020 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 Israel ($365 per ton), while the price for China totaled $170 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-0.3%).

Chlorides; of Magnesium Price in New Zealand (FOB) - 2022

In 2022, the average chlorides; of magnesium export price amounted to $4,826 per ton, with a decrease of -33.2% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 78% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,429 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($4,951 per ton), while the average price for exports to Australia stood at $4,681 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-8.9%).

Chlorides; of Magnesium Imports in New Zealand

For the fourth consecutive year, New Zealand recorded growth in overseas purchases of chlorides; of magnesia, which increased by 57% to 42K tons in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports soared to $9.2M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in New Zealand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.0	3.3	3.7	5.6	23.1%
Israel	1.7	1.7	1.7	3.1	22.2%
Others	0.5	0.3	0.2	0.4	-7.2%
Total	5.1	5.4	5.6	9.2	21.7%

Top Suppliers of Chlorides; of Magnesium to New Zealand in 2022:

China (33.2K tons)
Israel (8.5K tons)

Chlorides; of Magnesium Exports in New Zealand

In 2022, the amount of chlorides; of magnesia exported from New Zealand surged to 378 kg, jumping by 869% on the previous year. Over the period under review, exports enjoyed a significant expansion. 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 skyrocketed to $1.8K in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.