Chlorides; of Magnesium Price in Switzerland - 2023

Contents:

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

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

In 2022, the average chlorides; of magnesium import price amounted to $617 per ton, dropping by -8.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 75% against the previous year. Over the period under review, average import prices hit record highs at $999 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($1,776 per ton), while the price for Israel ($363 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average chlorides; of magnesium export price amounted to $8,058 per ton, which is down by -2.9% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 138%. Over the period under review, the average export prices attained the peak figure at $26,674 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 the United States ($38,029 per ton), while the average price for exports to Italy ($665 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 Netherlands (-1.3%), while the prices for the other major destinations experienced a decline.

Chlorides; of Magnesium Imports in Switzerland

In 2022, approx. 1.6K tons of chlorides; of magnesia were imported into Switzerland; with a decrease of -3.6% on the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 40%. As a result, imports attained the peak of 1.7K tons, and then reduced modestly in the following year.

In value terms, chlorides; of magnesium imports shrank to $982K in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $1.1M, and then declined in the following year.

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

1. Germany (1102.0 tons)
2. Israel (215.0 tons)
3. Czech Republic (148.9 tons)
4. France (36.5 tons)
5. Netherlands (29.1 tons)
6. Belgium (25.4 tons)

Chlorides; of Magnesium Exports in Switzerland

For the fourth consecutive year, Switzerland recorded growth in shipments abroad of chlorides; of magnesia, which increased by 22% to 78 tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 292% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, chlorides; of magnesium exports surged to $631K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 278% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Netherlands (18.0 tons)
2. Italy (17.0 tons)
3. Germany (16.2 tons)
4. United States (9.4 tons)
5. Denmark (9.0 tons)
6. Spain (4.0 tons)
7. Colombia (3.0 tons)

Source: IndexBox Market Intelligence Platform