Chlorides; of Magnesium Price in Portugal - 2023

Contents:

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

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

In 2022, the average chlorides; of magnesium import price amounted to $667 per ton, rising by 43% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $809 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,018 per ton), while the price for Israel ($283 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average chlorides; of magnesium export price stood at $827 per ton in 2022, increasing by 10% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of magnesium export price increased by +21.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $984 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 Spain ($1,033 per ton), while the average price for exports to France ($670 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 Spain (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Imports in Portugal

For the fourth year in a row, Portugal recorded growth in supplies from abroad of chlorides; of magnesia, which increased by 187% to 1.5K tons in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports surged to $1M in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/AN/A4.24229947.6%
Netherlands47.617.168.827379.0%
Spain64.110173.324456.1%
Israel14.129.136.123.017.7%
India18.530.5N/AN/A64.9%
Others38.161.263.144.15.0%
Total1822392451,00776.9%

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

  1. Netherlands (709.2 tons)
  2. Greece (582.4 tons)
  3. Spain (121.1 tons)
  4. Israel (81.2 tons)

Chlorides; of Magnesium Exports in Portugal

In 2022, chlorides; of magnesium exports from Portugal rose remarkably to 303 tons, growing by 6.3% on 2021 figures. In general, exports, however, showed a pronounced descent.

In value terms, chlorides; of magnesium exports soared to $250K in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor 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.

Export of Chlorides; of Magnesium in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain35.126.947.774.728.6%
France42.356.586.561.013.0%
Italy13.025.939.958.064.6%
GermanyN/AN/A2.919.8582.8%
Poland15.110.09.513.1-4.6%
Angola0.10.60.47.6323.6%
Ireland8.04.44.66.9-4.8%
Sweden1011045.32.3-71.7%
Others13.316.716.87.1-18.9%
Total2282452142503.1%

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

  1. France (91.1 tons)
  2. Italy (74.2 tons)
  3. Spain (72.3 tons)
  4. Germany (22.7 tons)
  5. Poland (17.7 tons)
  6. Angola (8.0 tons)
  7. Ireland (7.7 tons)
  8. Sweden (2.7 tons)

Source: IndexBox Market Intelligence Platform

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