Sulphates; of Magnesium Price in Argentina - 2023
Contents:
- Sulphates; of Magnesium Price in Argentina (CIF) - 2022
- Sulphates; of Magnesium Price in Argentina (FOB) - 2022
- Sulphates; of Magnesium Imports in Argentina
- Sulphates; of Magnesium Exports in Argentina
Sulphates; of Magnesium Price in Argentina (CIF) - 2022
The average sulphates; of magnesium import price stood at $245 per ton in 2022, with a decrease of -12.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 16%. As a result, import price attained the peak level of $280 per ton, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($899 per ton), while the price for China ($188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Argentina (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $435 per ton, falling by -17.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 11%. The export price peaked at $1,515 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($2,554 per ton), while the average price for exports to Bolivia ($230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Argentina
For the fourth consecutive year, Argentina recorded growth in overseas purchases of sulphates; of magnesia, which increased by 3.1% to 9.8K tons in 2022. The total import volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, sulphates; of magnesium imports fell to $2.4M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34%.
| Import of Sulphates; of Magnesium in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,132 | 1,493 | 1,485 | 1,632 | 13.0% |
| Germany | 369 | 509 | 531 | 583 | 16.5% |
| India | 26.9 | 55.2 | 83.6 | 91.9 | 50.6% |
| Others | 59.9 | 69.6 | 557 | 85.5 | 12.6% |
| Total | 1,588 | 2,127 | 2,657 | 2,392 | 14.6% |
Top Suppliers of Sulphates; of Magnesium to Argentina in 2022:
- China (8.7K tons)
- Germany (0.6K tons)
- India (0.3K tons)
Sulphates; of Magnesium Exports in Argentina
In 2022, approx. 30 tons of sulphates; of magnesia were exported from Argentina; rising by 50% compared with the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.1% against 2020 indices.
In value terms, sulphates; of magnesium exports skyrocketed to $13K in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $15K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sulphates; of Magnesium in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 5.1 | 6.5 | 4.2 | 4.1 | -7.0% |
| Chile | 4.7 | 6.1 | 4.1 | 4.0 | -5.2% |
| Bolivia | 0.3 | 0.8 | 1.0 | 3.7 | 131.0% |
| Others | 1.7 | 2.0 | 1.2 | 1.2 | -11.0% |
| Total | 11.8 | 15.4 | 10.4 | 12.9 | 3.0% |
Top Export Markets for Sulphates; of Magnesium from Argentina in 2022:
- Bolivia (15.9 tons)
- Peru (10.0 tons)
- Chile (3.3 tons)
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