Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $235 per ton, approximately mirroring the previous year. In general, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. The import price peaked at $369 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 China ($219 per ton), while the price for Spain ($127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (FOB) - 2022
In 2020, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $3,000 per ton, growing by 19% against the previous year. Over the last two-year period, it increased at an average annual rate of +20.1%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21%. The export price peaked in 2020 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2018 to 2020, the rate of growth in terms of prices for Belgium amounted to +20.8% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana
After two years of decline, supplies from abroad of kieserite, epsomite (natural magnesium sulphates)s decreased by less than 0.1% to 610 tons in 2022. In general, imports recorded a sharp contraction.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports amounted to $143K in 2022. Overall, imports faced a drastic downturn. The smallest decline of less than 0.1% was in 2021.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 166 | 96.4 | 100 | 108 | -13.3% |
| Germany | 70.3 | 32.7 | 27.2 | 23.6 | -30.5% |
| Cote d'Ivoire | 11.6 | N/A | N/A | N/A | 0% |
| Others | 29.2 | 14.3 | 16.2 | 11.7 | -26.3% |
| Total | 277 | 143 | 143 | 143 | -19.8% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Ghana in 2022:
- China (493.8 tons)
- Germany (110.2 tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana
In 2020, approx. 17 kg of kieserite, epsomite (natural magnesium sulphates)s were exported from Ghana; with a decrease of -58.5% compared with the previous year's figure. Overall, exports continue to indicate a sharp setback.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports declined rapidly to $51 in 2020. Over the period under review, exports recorded a dramatic contraction.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Canada | N/A | 51.0 | 0% | ||
| Belgium | 103 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 103 | 51.0 | -50.5% | ||
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Ghana in 2022:
- Canada (17.0 kg)
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