Price for Hydroxide and Peroxide of Magnesium in Spain - 2023

Contents:

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

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

The average import price for hydroxide and peroxide of magnesia stood at $871 per ton in 2022, picking up by 15% against the previous year. Overall, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 an increase of 42%. The import price peaked at $2,040 per ton in 2012; however, from 2013 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 Germany ($3,712 per ton), while the price for the Netherlands ($502 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $1,479 per ton, dropping by -28.4% against the previous year. Overall, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,978 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,331 per ton), while the average price for exports to Portugal ($1,033 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 Italy (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in Spain

In 2022, approx. 3.8K tons of hydroxide and peroxide of magnesia were imported into Spain; dropping by -50.1% on the year before. Overall, imports saw a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 101% against the previous year.

In value terms, hydroxide and peroxide of magnesium imports declined notably to $3.3M in 2022. In general, imports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year.

Import of Hydroxide and Peroxide of Magnesium in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2.91.01.51.4-21.6%
Germany2.61.11.01.0-27.3%
Mexico0.60.50.50.3-20.6%
Italy3.40.32.10.2-61.1%
Others0.50.70.60.4-7.2%
Total10.03.65.73.3-30.9%

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

  1. Netherlands (2793.5 tons)
  2. Mexico (295.0 tons)
  3. Italy (291.3 tons)
  4. Germany (275.3 tons)

Exports of Hydroxide and Peroxide of Magnesium in Spain

Hydroxide and peroxide of magnesium exports from Spain skyrocketed to 218 tons in 2022, rising by 25% compared with 2021 figures. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 60%.

In value terms, hydroxide and peroxide of magnesium exports contracted to $323K in 2022. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 21%.

Export of Hydroxide and Peroxide of Magnesium in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal20699.81582090.5%
United States10216016076.0-9.3%
MexicoN/AN/A8.423.4178.6%
Bulgaria11.84.5N/A5.4-22.9%
FranceN/A30.75.50.7-84.9%
Italy70.32.127.0N/A-38.0%
Others7.10.12.38.24.9%
Total397298361323-6.6%

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

  1. Italy (undefined tons)
  2. Portugal (202.3 tons)
  3. Mexico (6.1 tons)
  4. United States (4.7 tons)
  5. Bulgaria (3.5 tons)
  6. France (0.5 tons)

Source: IndexBox Market Intelligence Platform

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