Price for Hydroxide and Peroxide of Magnesium in Venezuela - 2022

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Venezuela (CIF) - 2022
  2. Imports of Hydroxide and Peroxide of Magnesium in Venezuela

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

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,616 per ton, growing by 5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 110%. As a result, import price reached the peak level of $3,053 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Mexico ($3,134 per ton), while the price for Colombia ($337 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Hydroxide and Peroxide of Magnesium in Venezuela

In 2022, overseas purchases of hydroxide and peroxide of magnesia decreased by -61.2% to 4.7 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. As a result, imports attained the peak of 26 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hydroxide and peroxide of magnesium imports declined dramatically to $7.6K in 2022. In general, imports saw a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 73%. As a result, imports reached the peak of $42K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Hydroxide and Peroxide of Magnesium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico18.635.615.96.3-30.3%
Colombia3.63.40.40.7-42.1%
United States1.11.80.70.2-43.3%
Israel0.70.90.30.1-47.7%
OthersN/AN/A1.40.3-78.6%
Total24.141.718.87.6-31.9%

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

  1. Colombia (2183.0 kg)
  2. Mexico (2021.0 kg)
  3. United States (425.0 kg)
  4. Israel (54.0 kg)

Source: IndexBox Market Intelligence Platform

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