Chlorides; of Magnesium Price in Tanzania - 2022

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

The average chlorides; of magnesium import price stood at $748 per ton in 2022, shrinking by -69.8% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 131%. The import price peaked at $2,668 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($770 per ton), while the price for India totaled $674 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.5%).

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

In 2022, the average chlorides; of magnesium export price amounted to $784 per ton, approximately mirroring the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $4,518 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2015 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -58.3% per year.

Chlorides; of Magnesium Imports in Tanzania

For the fourth year in a row, Tanzania recorded growth in overseas purchases of chlorides; of magnesia, which increased by 3,633% to 27 tons in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports skyrocketed to $20K in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.4	0.3	0.3	13.2	220.8%
India	N/A	N/A	0.1	6.2	6100.0%
United Arab Emirates	N/A	N/A	N/A	0.2	0%
Others	0.6	0.6	1.4	0.4	-12.6%
Total	1.0	1.0	1.8	20.0	171.4%

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

China (17.2 tons)
India (9.1 tons)
United Arab Emirates (0.4 tons)

Chlorides; of Magnesium Exports in Tanzania

In 2022, approx. 1.5 tons of chlorides; of magnesia were exported from Tanzania; approximately mirroring 2021 figures. Overall, exports posted a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chlorides; of magnesium exports totaled $1.2K in 2022. Over the period under review, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the immediate term.