Price for Hydroxide and Peroxide of Magnesium in Romania - 2023

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

The average import price for hydroxide and peroxide of magnesia stood at $7,327 per ton in 2022, jumping by 22% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 76% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 UK ($9,278 per ton), while the price for Italy ($4,669 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+42.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $9,750 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 270%. The export price peaked at $23,229 per ton in 2013; however, from 2014 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 Bulgaria.

From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to +270.4% per year.

Imports of Hydroxide and Peroxide of Magnesium in Romania

In 2022, the amount of hydroxide and peroxide of magnesia imported into Romania expanded rapidly to 15 tons, increasing by 8.8% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year.

In value terms, hydroxide and peroxide of magnesium imports soared to $113K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +82.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Hydroxide and Peroxide of Magnesium in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	32.9	24.0	53.3	58.2	20.9%
Israel	N/A	12.3	17.3	27.0	48.2%
United Kingdom	6.5	21.0	6.8	23.2	52.8%
Italy	24.0	0.5	6.0	3.6	-46.9%
Others	1.9	3.7	1.5	0.6	-31.9%
Total	65.3	61.6	84.8	113	20.1%

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

Germany (8.0 tons)
Israel (4.0 tons)
United Kingdom (2.5 tons)
Italy (0.8 tons)

Exports of Hydroxide and Peroxide of Magnesium in Romania

Hydroxide and peroxide of magnesium exports from Romania dropped significantly to 12 kg in 2022, shrinking by -40% against 2021 figures. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.

In value terms, hydroxide and peroxide of magnesium exports contracted notably to $117 in 2022. Overall, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 122%.