Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea - 2022
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $1,278 per ton, with an increase of 183% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +13.4% per year.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (FOB) - 2022
The average export price for kieserite, epsomite (natural magnesium sulphates)s stood at $433 per ton in 2022, declining by -4% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, kieserite, epsomite (natural magnesium sulphates) export price increased by +11.5% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 39% against the previous year. The export price peaked at $622 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +48.8% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea
In 2022, after two years of decline, there was significant growth in purchases abroad of kieserite, epsomite (natural magnesium sulphates)s, when their volume increased by 665% to 7.1 tons. Over the period under review, imports, however, showed a precipitous contraction.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports surged to $9.1K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.5 | 1.6 | 0.1 | 9.1 | 82.4% |
| China | 6.4 | 6.7 | 0.3 | N/A | -78.3% |
| Others | 1.2 | 1.5 | 0.1 | N/A | -71.1% |
| Total | 9.2 | 9.8 | 0.4 | 9.1 | -0.4% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to South Korea in 2022:
- India (7.1 tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea
In 2022, kieserite, epsomite (natural magnesium sulphates) exports from South Korea fell remarkably to 456 tons, declining by -29.6% compared with 2021 figures. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2021 when exports increased by 145%. As a result, the exports reached the peak of 648 tons, and then plummeted in the following year.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports contracted rapidly to $198K in 2022. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 185% against the previous year. As a result, the exports attained the peak of $293K, and then fell markedly in the following year.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 248 | 103 | 146 | 195 | -7.7% |
| Others | N/A | 0.1 | 146 | 2.6 | 409.9% |
| Total | 248 | 103 | 293 | 198 | -7.2% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from South Korea in 2022:
- Indonesia (437.2 tons)
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