Sulphates; of Magnesium Price in Algeria - 2022
Contents:
Sulphates; of Magnesium Price in Algeria (CIF) - 2022
The average sulphates; of magnesium import price stood at $668 per ton in 2022, surging by 4.7% against the previous year. Overall, the import price posted a slight expansion. The most prominent rate of growth was recorded in 2021 an increase of 65%. The import price peaked at $685 per ton in 2014; however, from 2015 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 Turkey ($1,875 per ton), while the price for India ($203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Algeria
In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of magnesia, when their volume decreased by -26.4% to 467 tons. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 118%.
In value terms, sulphates; of magnesium imports dropped notably to $312K in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 168%.
| Import of Sulphates; of Magnesium in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.7 | 39.7 | 283 | 205 | 105.3% |
| China | 22.4 | 42.4 | 43.1 | 35.3 | 16.4% |
| Netherlands | 9.8 | 19.2 | 20.1 | 17.0 | 20.2% |
| India | 7.4 | 28.3 | 25.5 | 15.5 | 27.9% |
| Italy | 1.4 | 14.8 | 15.2 | 12.6 | 108.0% |
| Spain | 5.7 | 5.8 | 0.9 | 10.7 | 23.4% |
| United Arab Emirates | N/A | 48.1 | N/A | N/A | 0% |
| Others | 11.3 | 20.9 | 17.6 | 16.5 | 13.4% |
| Total | 81.7 | 219 | 405 | 312 | 56.3% |
Top Suppliers of Sulphates; of Magnesium to Algeria in 2022:
- Germany (177.3 tons)
- Netherlands (76.7 tons)
- India (76.7 tons)
- China (76.7 tons)
- Italy (48.4 tons)
- Spain (7.4 tons)
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