Price for Hydroxide and Peroxide of Magnesium in Brazil - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Brazil (CIF) - 2022
  2. Price for Hydroxide and Peroxide of Magnesium in Brazil (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in Brazil
  4. Exports of Hydroxide and Peroxide of Magnesium in Brazil

Price for Hydroxide and Peroxide of Magnesium in Brazil (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $4,142 per ton, declining by -20.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 51%. The import price peaked at $5,289 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,418 per ton), while the price for Italy ($753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in Brazil (FOB) - 2022

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $1,480 per ton, dropping by -5.4% against the previous year. Overall, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 328%. As a result, the export price reached the peak level of $5,950 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($3,080 per ton), while the average price for exports to Germany ($1,296 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 United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in Brazil

Hydroxide and peroxide of magnesium imports into Brazil surged to 481 tons in 2022, picking up by 51% against the year before. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium imports soared to $2M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Import of Hydroxide and Peroxide of Magnesium in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9251,1151,3351,1908.8%
China11111912822125.8%
Netherlands86.4N/A36.716925.1%
Mexico21.1N/A47.573.251.4%
Austria31.8N/AN/A62.825.5%
United Kingdom3.428.214.349.5144.2%
RussiaN/AN/AN/A31.30%
Germany33.817.335.128.5-5.5%
Japan43.243.220.623.1-18.8%
Others10.27.242.6141140.0%
Total1,2661,3301,6601,99116.3%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Brazil in 2022:

  1. China (133.2 tons)
  2. United States (126.4 tons)
  3. Mexico (66.8 tons)
  4. Netherlands (51.2 tons)
  5. Russia (40.0 tons)
  6. Austria (15.4 tons)
  7. United Kingdom (15.0 tons)
  8. Japan (9.6 tons)
  9. Germany (7.2 tons)

Exports of Hydroxide and Peroxide of Magnesium in Brazil

In 2022, approx. 125 tons of hydroxide and peroxide of magnesia were exported from Brazil; rising by 129% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium exports surged to $184K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hydroxide and Peroxide of Magnesium in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States11.526.319.895.6102.6%
Germany24.124.136.068.741.8%
BoliviaN/A7.1N/A6.8-2.1%
NetherlandsN/AN/A5.16.527.5%
BelgiumN/A1.524.15.489.7%
OthersN/AN/AN/A1.50%
Total35.659.185.118472.9%

Top Export Markets for Hydroxide and Peroxide of Magnesium from Brazil in 2022:

  1. United States (60.2 tons)
  2. Germany (53.0 tons)
  3. Netherlands (4.8 tons)
  4. Belgium (3.4 tons)
  5. Bolivia (2.2 tons)

Source: IndexBox Market Intelligence Platform

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