Price for Hydroxide and Peroxide of Magnesium in Russia - 2022
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Russia (FOB) - 2022
- Price for Hydroxide and Peroxide of Magnesium in Russia (CIF) - 2022
- Exports of Hydroxide and Peroxide of Magnesium in Russia
- Imports of Hydroxide and Peroxide of Magnesium in Russia
Price for Hydroxide and Peroxide of Magnesium in Russia (FOB) - 2022
The average export price for hydroxide and peroxide of magnesia stood at $1,245 per ton in January 2022, which is down by -12% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 an increase of 23% month-to-month. The export price peaked at $1,588 per ton in May 2021; however, from June 2021 to January 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In January 2022, the country with the highest price was the Netherlands ($2,268 per ton), while the average price for exports to Georgia ($168 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hydroxide and Peroxide of Magnesium in Russia (CIF) - 2022
The average import price for hydroxide and peroxide of magnesia stood at $9,942 per ton in 2022, with an increase of 2.8% against the previous year. Overall, the import price saw a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 207% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Israel.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +12.7% per year.
Exports of Hydroxide and Peroxide of Magnesium in Russia
In 2022, approx. 28K tons of hydroxide and peroxide of magnesia were exported from Russia; picking up by 4.9% against the year before. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 29K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hydroxide and peroxide of magnesium exports declined slightly to $36M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%.
| Export of Hydroxide and Peroxide of Magnesium in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.3 | 14.4 | 15.6 | 21.4 | 43.1% |
| South Korea | 1.3 | 5.9 | 2.8 | 9.4 | 93.4% |
| Netherlands | 0.7 | 0.6 | 0.7 | 1.5 | 28.9% |
| Ukraine | 0.9 | 0.7 | 0.8 | 1.4 | 15.9% |
| Germany | N/A | 0.2 | 0.9 | 1.2 | 144.9% |
| Georgia | 0.4 | 0.5 | 0.5 | 0.9 | 31.0% |
| Poland | 0.7 | 0.4 | N/A | N/A | -42.9% |
| Mexico | 0.7 | 3.2 | 5.6 | N/A | 182.8% |
| Portugal | 8.8 | 8.2 | 7.5 | N/A | -7.7% |
| Others | 1.6 | 1.3 | 2.1 | 0.1 | -60.3% |
| Total | 22.5 | 35.2 | 36.5 | 35.8 | 16.7% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from Russia in 2022:
- China (13.4K tons)
- Georgia (5.3K tons)
- South Korea (5.1K tons)
- Ukraine (2.5K tons)
- Netherlands (0.6K tons)
- Germany (0.6K tons)
Imports of Hydroxide and Peroxide of Magnesium in Russia
In 2022, the amount of hydroxide and peroxide of magnesia imported into Russia declined to 59 tons, which is down by -9.8% compared with 2021. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 16%.
In value terms, hydroxide and peroxide of magnesium imports contracted to $589K in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.
| Import of Hydroxide and Peroxide of Magnesium in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 727 | 485 | 556 | 589 | -6.8% |
| Germany | 5.3 | 27.9 | 15.9 | N/A | 73.2% |
| United Kingdom | 11.6 | 15.9 | 21.2 | N/A | 35.2% |
| Mexico | 10.2 | 8.8 | 8.3 | N/A | -9.8% |
| Others | 5.9 | 5.5 | 34.2 | N/A | 140.8% |
| Total | 760 | 543 | 635 | 589 | -8.1% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Russia in 2022:
- Israel (59.3 tons)
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