Price for Hydroxide and Peroxide of Magnesium in Singapore - 2022
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Singapore (CIF) - 2022
- Price for Hydroxide and Peroxide of Magnesium in Singapore (FOB) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in Singapore
- Exports of Hydroxide and Peroxide of Magnesium in Singapore
Price for Hydroxide and Peroxide of Magnesium in Singapore (CIF) - 2022
The average import price for hydroxide and peroxide of magnesia stood at $758 per ton in September 2022, picking up by 20% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in January 2022 an increase of 50% m-o-m. As a result, import price reached the peak level of $881 per ton. From February 2022 to September 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($1,868 per ton), while the price for the Netherlands ($563 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydroxide and Peroxide of Magnesium in Singapore (FOB) - 2022
In September 2022, the average export price for hydroxide and peroxide of magnesia amounted to $6,316 per ton, surging by 410% against the previous month. Overall, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Cambodia ($11,237 per ton), while the average price for exports to Indonesia stood at $1,264 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in Singapore
In 2022, the amount of hydroxide and peroxide of magnesia imported into Singapore soared to 5.8K tons, picking up by 41% compared with the previous year. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, hydroxide and peroxide of magnesium imports surged to $6M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 112%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Hydroxide and Peroxide of Magnesium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 2.8 | 3.1 | 4.0 | 242.0% |
| China | 0.6 | 0.5 | 0.7 | 0.9 | 14.5% |
| Japan | 0.6 | 0.6 | 0.7 | 0.8 | 10.1% |
| United States | 0.6 | N/A | N/A | 0.3 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 3.9 | 4.5 | 6.0 | 46.7% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Singapore in 2022:
- China (2.4K tons)
- Netherlands (2.2K tons)
- Japan (1.1K tons)
- United States (0.2K tons)
Exports of Hydroxide and Peroxide of Magnesium in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of hydroxide and peroxide of magnesia, when their volume decreased by -18.9% to 542 tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +51.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. As a result, the exports attained the peak of 668 tons, and then reduced dramatically in the following year.
In value terms, hydroxide and peroxide of magnesium exports soared to $940K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hydroxide and Peroxide of Magnesium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 497 | 452 | 489 | 753 | 14.9% |
| Argentina | 127 | 147 | 37.2 | 157 | 7.3% |
| Malaysia | 7.4 | 21.8 | 19.6 | 30.1 | 59.6% |
| Belgium | N/A | N/A | 26.2 | N/A | 0% |
| Others | 0.8 | 112 | 55.7 | 0.3 | -27.9% |
| Total | 633 | 732 | 628 | 940 | 14.1% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from Singapore in 2022:
- Indonesia (474.8 tons)
- Argentina (56.2 tons)
- Malaysia (10.8 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Singapore.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Singapore.
753
This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
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In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
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In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
785
In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
