Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka - 2021
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka (CIF) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka (CIF) - 2022
The average import price for kieserite, epsomite (natural magnesium sulphates)s stood at $292 per ton in 2022, picking up by 95% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Germany.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +8.4% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka
In 2022, overseas purchases of kieserite, epsomite (natural magnesium sulphates)s decreased by -44% to 5.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 when imports increased by 184% against the previous year. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports expanded sharply to $1.7M in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 151%. As a result, imports attained the peak of $2.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 191 | 1,224 | 860 | 1,682 | 106.5% |
| India | 36.7 | 56.5 | 85.8 | N/A | 52.9% |
| China | 677 | 348 | 45.3 | N/A | -74.1% |
| Others | 239 | 1,242 | 546 | N/A | 51.1% |
| Total | 1,144 | 2,870 | 1,537 | 1,682 | 13.7% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Sri Lanka in 2022:
- Germany (5.8K tons)
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