Chlorides; of Magnesium Price in Turkey - 2023
Contents:
- Chlorides; of Magnesium Price in Turkey (CIF) - 2023
- Chlorides; of Magnesium Price in Turkey (FOB) - 2022
- Chlorides; of Magnesium Imports in Turkey
- Chlorides; of Magnesium Exports in Turkey
Chlorides; of Magnesium Price in Turkey (CIF) - 2023
The average chlorides; of magnesium import price stood at $446 per ton in September 2023, jumping by 29% against the previous month. In general, the import price showed measured growth. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 201% month-to-month. As a result, import price attained the peak level of $1,016 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($1,826 per ton), while the price for Israel ($279 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Magnesium Price in Turkey (FOB) - 2022
The average chlorides; of magnesium export price stood at $1,723 per ton in 2022, jumping by 170% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 179% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($4,100 per ton), while the average price for exports to Georgia ($397 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 Oman (+84.7%), while the prices for the other major destinations experienced more modest paces of growth.
Chlorides; of Magnesium Imports in Turkey
In 2022, supplies from abroad of chlorides; of magnesia decreased by -25.8% to 9.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 13K tons, and then shrank dramatically in the following year.
In value terms, chlorides; of magnesium imports shrank to $3M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $3.4M, and then fell in the following year.
| Import of Chlorides; of Magnesium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,086 | 1,314 | 1,323 | 1,442 | 9.9% |
| Israel | 179 | 128 | 470 | 480 | 38.9% |
| Russia | 477 | 680 | 967 | 452 | -1.8% |
| Czech Republic | 154 | 182 | 273 | 313 | 26.7% |
| Others | 242 | 270 | 341 | 277 | 4.6% |
| Total | 2,137 | 2,573 | 3,374 | 2,965 | 11.5% |
Top Suppliers of Chlorides; of Magnesium to Turkey in 2022:
- Netherlands (5.0K tons)
- Russia (2.1K tons)
- Israel (1.9K tons)
- Czech Republic (0.3K tons)
Chlorides; of Magnesium Exports in Turkey
Chlorides; of magnesium exports from Turkey soared to 133 tons in 2022, jumping by 74% compared with 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 324% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, chlorides; of magnesium exports skyrocketed to $229K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Chlorides; of Magnesium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 4.9 | 4.3 | 158 | 467.8% |
| Oman | N/A | N/A | 0.1 | 19.6 | 19500.0% |
| Romania | 0.4 | N/A | N/A | 16.1 | 242.7% |
| Kyrgyzstan | 0.7 | N/A | 3.9 | 12.9 | 164.1% |
| Georgia | N/A | N/A | 10.6 | 12.3 | 16.0% |
| Iraq | N/A | N/A | 11.3 | 3.7 | -67.3% |
| Kazakhstan | N/A | N/A | 0.4 | 2.6 | 550.0% |
| Iran | N/A | 14.8 | 6.8 | 1.1 | -72.7% |
| Morocco | 12.3 | 4.5 | 5.4 | N/A | -33.7% |
| Ukraine | N/A | N/A | 2.3 | N/A | 0% |
| Others | 3.4 | 5.4 | 4.0 | 3.0 | -4.1% |
| Total | 16.8 | 29.6 | 48.9 | 229 | 138.9% |
Top Export Markets for Chlorides; of Magnesium from Turkey in 2022:
- United Arab Emirates (58.5 tons)
- Georgia (31.0 tons)
- Romania (24.4 tons)
- Oman (7.2 tons)
- Kyrgyzstan (4.6 tons)
- Iraq (2.5 tons)
- Kazakhstan (2.3 tons)
- Iran (0.3 tons)
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