Price for Hydroxide and Peroxide of Magnesium in Sweden - 2023
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Sweden (CIF) - 2022
- Price for Hydroxide and Peroxide of Magnesium in Sweden (FOB) - 2023
- Imports of Hydroxide and Peroxide of Magnesium in Sweden
- Exports of Hydroxide and Peroxide of Magnesium in Sweden
Price for Hydroxide and Peroxide of Magnesium in Sweden (CIF) - 2022
The average import price for hydroxide and peroxide of magnesia stood at $1,241 per ton in 2022, jumping by 50% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydroxide and peroxide of magnesium import price increased by +91.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 United States ($1,650 per ton), while the price for Finland ($231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydroxide and Peroxide of Magnesium in Sweden (FOB) - 2023
In August 2023, the average export price for hydroxide and peroxide of magnesia amounted to $543 per ton, falling by -3% against the previous month. In general, the export price, however, enjoyed a notable increase. The growth pace was the most rapid in January 2023 an increase of 79% m-o-m. The export price peaked at $634 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Norway ($620 per ton), while the average price for exports to Finland ($509 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in Sweden
In 2022, the amount of hydroxide and peroxide of magnesia imported into Sweden surged to 5.8K tons, growing by 20% compared with 2021 figures. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 decreased by -22.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. As a result, imports attained the peak of 7.5K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hydroxide and peroxide of magnesium imports skyrocketed to $7.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hydroxide and Peroxide of Magnesium in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | N/A | N/A | 2,671 | 2889.2% |
| United States | 2,471 | 2,984 | 2,545 | 2,388 | -1.1% |
| Canada | N/A | 65.4 | N/A | 951 | 281.3% |
| Belgium | 466 | 570 | 429 | 545 | 5.4% |
| Germany | 348 | 250 | 255 | 236 | -12.1% |
| Netherlands | 49.5 | 131 | N/A | 178 | 53.2% |
| Finland | 279 | 61.8 | 64.8 | 118 | -24.9% |
| Norway | 415 | 658 | 546 | 16.8 | -65.7% |
| Others | 377 | 156 | 170 | 109 | -33.9% |
| Total | 4,407 | 4,875 | 4,010 | 7,213 | 17.8% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Sweden in 2022:
- China (1627.6 tons)
- United States (1447.6 tons)
- Belgium (1164.1 tons)
- Canada (603.4 tons)
- Finland (510.7 tons)
- Germany (251.1 tons)
- Netherlands (127.8 tons)
- Norway (32.1 tons)
Exports of Hydroxide and Peroxide of Magnesium in Sweden
In 2022, overseas shipments of hydroxide and peroxide of magnesia decreased by -23% to 4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 2.1%. As a result, the exports attained the peak of 6.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hydroxide and peroxide of magnesium exports dropped notably to $1.9M in 2022. Overall, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 4.9% against the previous year. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Hydroxide and Peroxide of Magnesium in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,130 | 883 | 1,267 | 1,264 | 3.8% |
| United Kingdom | 795 | 1,109 | 1,102 | 611 | -8.4% |
| Norway | 1,747 | 1,988 | 806 | 0.1 | -96.1% |
| Slovenia | 326 | 221 | 46.8 | N/A | -62.1% |
| Others | 6.0 | N/A | 0.2 | 4.1 | -11.9% |
| Total | 4,004 | 4,202 | 3,223 | 1,880 | -22.3% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from Sweden in 2022:
- Norway (undefinedK tons)
- Finland (2.9K tons)
- United Kingdom (1.2K tons)
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