Chlorides; of Magnesium Price in the Dominican Republic - 2023

Contents:

  1. Chlorides; of Magnesium Price in the Dominican Republic (CIF) - 2022
  2. Chlorides; of Magnesium Imports in the Dominican Republic

Chlorides; of Magnesium Price in the Dominican Republic (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $1,282 per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 146% against the previous year. As a result, import price reached the peak level of $6,131 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,757 per ton), while the price for China ($978 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Imports in the Dominican Republic

After three years of growth, overseas purchases of chlorides; of magnesia decreased by -29.7% to 28 tons in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 146%. As a result, imports reached the peak of 40 tons, and then contracted remarkably in the following year.

In value terms, chlorides; of magnesium imports reduced notably to $36K in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 149%. As a result, imports reached the peak of $51K, and then shrank significantly in the following year.

Import of Chlorides; of Magnesium in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.19.238.725.335.8%
Guatemala1.21.60.42.222.4%
Germany2.80.73.32.2-7.7%
India0.20.62.21.595.7%
ColombiaN/A7.4N/AN/A0%
Others8.11.06.14.4-18.4%
Total22.320.450.835.616.9%

Top Suppliers of Chlorides; of Magnesium to the Dominican Republic in 2022:

  1. China (25.9 tons)
  2. Guatemala (0.6 tons)
  3. India (0.5 tons)
  4. Germany (0.4 tons)

Source: IndexBox Market Intelligence Platform

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