Chlorides; of Magnesium Price in Singapore - 2022

Contents:

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

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

The average chlorides; of magnesium import price stood at $18,812 per ton in 2022, declining by -19.9% against the previous year. Overall, the import price, however, saw a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 383%. The import price peaked at $31,877 per ton in 2019; however, from 2020 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 Japan ($168,292 per ton), while the price for Israel ($310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+45.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average chlorides; of magnesium export price stood at $1,286 per ton in 2022, jumping by 21% against the previous year. Overall, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure at $2,404 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2,143 per ton), while the average price for exports to Thailand ($1,035 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 Myanmar (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorides; of Magnesium Imports in Singapore

Chlorides; of magnesium imports into Singapore skyrocketed to 757 tons in 2022, rising by 77% on 2021 figures. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports skyrocketed to $14M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Czech Republic (281.3 tons)
2. China (159.7 tons)
3. Israel (98.2 tons)
4. Japan (78.2 tons)
5. Lithuania (58.3 tons)
6. Germany (47.6 tons)
7. India (20.8 tons)

Chlorides; of Magnesium Exports in Singapore

In 2022, the amount of chlorides; of magnesia exported from Singapore surged to 174 tons, picking up by 49% on 2021. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 111% against the previous year. As a result, the exports attained the peak of 310 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides; of magnesium exports skyrocketed to $223K in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 132%. As a result, the exports reached the peak of $286K. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Malaysia (100.5 tons)
2. Thailand (66.7 tons)
3. Indonesia (3.0 tons)

Source: IndexBox Market Intelligence Platform