Price for Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka - 2022

Contents:

  1. Price for Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka (CIF) - 2022
  2. Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka

Price for Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka (CIF) - 2022

In 2022, the average import price for magnesium; articles thereof, including waste and scrap amounted to $3,658 per ton, which is down by -5.4% against the previous year. Overall, the import price showed a noticeable shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the peak figure at $4,661 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,693 per ton), while the price for Hong Kong SAR ($2,137 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka

In 2022, the amount of magnesium; articles thereof, including waste and scrap imported into Sri Lanka declined notably to 4.5 tons, falling by -73.7% on the year before. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year.

In value terms, imports of magnesium; articles thereof, including waste and scrap reduced dramatically to $17K in 2022. In general, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. As a result, imports reached the peak of $67K, and then contracted notably in the following year.

Import of Magnesium; Articles Thereof, Including Waste and Scrap in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India13.88.430.411.8-5.1%
Hong Kong SAR17.18.816.12.6-46.6%
China26.411.213.81.3-63.3%
Others3.33.56.40.9-35.2%
Total60.631.966.716.6-35.1%

Top Suppliers of Magnesium; Articles Thereof, Including Waste and Scrap to Sri Lanka in 2022:

  1. India (3.0 tons)
  2. Hong Kong SAR (1.2 tons)
  3. China (0.3 tons)

Source: IndexBox Market Intelligence Platform

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