Sulphates; of Magnesium Price in Bangladesh - 2022
Contents:
- Sulphates; of Magnesium Price in Bangladesh (CIF) - 2022
- Sulphates; of Magnesium Imports in Bangladesh
Sulphates; of Magnesium Price in Bangladesh (CIF) - 2022
The average sulphates; of magnesium import price stood at $127 per ton in 2022, waning by -9.8% against the previous year. In general, the import price saw a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $146 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($285 per ton), while the price for China amounted to $124 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%).
Sulphates; of Magnesium Imports in Bangladesh
In 2022, imports of sulphates; of magnesia into Bangladesh expanded significantly to 58K tons, picking up by 6.8% on 2021. In general, imports, however, showed a pronounced descent.
In value terms, sulphates; of magnesium imports dropped to $7.4M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.
| Import of Sulphates; of Magnesium in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 6.8 | 7.3 | 7.0 | 5.3% |
| India | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 6.2 | 7.1 | 7.6 | 7.4 | 6.1% |
Top Suppliers of Sulphates; of Magnesium to Bangladesh in 2022:
- China (56.9K tons)
- India (1.1K tons)
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