Price for Hydroxide and Peroxide of Magnesium in Ethiopia - 2022

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

The average import price for hydroxide and peroxide of magnesia stood at $1,887 per ton in 2022, growing by 1.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 53%. Over the period under review, average import prices attained the peak figure at $2,896 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.9% per year.

Imports of Hydroxide and Peroxide of Magnesium in Ethiopia

In 2022, the amount of hydroxide and peroxide of magnesia imported into Ethiopia fell sharply to 248 kg, dropping by -96.7% compared with the previous year. Overall, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 251% against the previous year. As a result, imports reached the peak of 7.5 tons, and then fell notably in the following year.

In value terms, hydroxide and peroxide of magnesium imports contracted significantly to $468 in 2022. In general, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 232% against the previous year.