Sulphates; of Magnesium Price in China - 2023
Contents:
- Sulphates; of Magnesium Price in China (FOB) - 2022
- Sulphates; of Magnesium Price in China (CIF) - 2022
- Sulphates; of Magnesium Exports in China
- Sulphates; of Magnesium Imports in China
Sulphates; of Magnesium Price in China (FOB) - 2022
The average sulphates; of magnesium export price stood at $161 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. The export price peaked at $228 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($230 per ton), while the average price for exports to South Africa ($116 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 Thailand (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Price in China (CIF) - 2022
The average sulphates; of magnesium import price stood at $1,528 per ton in 2022, increasing by 3.1% against the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2019 when the average import price increased by 332% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,246 per ton), while the price for the United States ($565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Exports in China
Sulphates; of magnesium exports from China shrank to 893K tons in 2022, which is down by -10.5% against the previous year. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of 997K tons, and then declined in the following year.
In value terms, sulphates; of magnesium exports declined to $144M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of $160M, and then contracted in the following year.
| Export of Sulphates; of Magnesium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.9 | 1.6 | 1.5 | 58.6 | 213.6% |
| Turkey | 1.4 | 0.8 | 0.9 | 48.7 | 226.4% |
| South Africa | 2.1 | 3.5 | 2.5 | 36.1 | 158.1% |
| Ecuador | 3.8 | 4.0 | 3.8 | N/A | 0.0% |
| Ukraine | 2.9 | 4.8 | 5.4 | N/A | 36.5% |
| Thailand | 3.6 | 5.2 | 5.1 | N/A | 19.0% |
| Peru | 3.6 | 6.5 | 4.6 | N/A | 13.0% |
| Guatemala | 2.4 | 1.7 | 2.9 | N/A | 9.9% |
| Malaysia | 16.9 | 18.8 | 19.9 | N/A | 8.5% |
| Mexico | 4.3 | 5.3 | 4.5 | N/A | 2.3% |
| Indonesia | 11.8 | 4.5 | 9.0 | N/A | -12.7% |
| Poland | 2.9 | 6.1 | 1.9 | N/A | -19.1% |
| Chile | 3.0 | 4.7 | 6.6 | N/A | 48.3% |
| Others | 43.1 | 60.6 | 91.8 | 0.8 | -73.5% |
| Total | 104 | 128 | 160 | 144 | 11.5% |
Top Export Markets for Sulphates; of Magnesium from China in 2022:
- Turkey (323.5K tons)
- South Africa (312.2K tons)
- Brazil (255.0K tons)
Sulphates; of Magnesium Imports in China
In 2022, approx. 1.7K tons of sulphates; of magnesia were imported into China; declining by -20% against the year before. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.
In value terms, sulphates; of magnesium imports fell dramatically to $2.6M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of $3.1M, and then fell markedly in the following year.
| Import of Sulphates; of Magnesium in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,777 | 1,530 | 1,839 | 1,474 | -6.0% |
| Czech Republic | 269 | 267 | 360 | 474 | 20.8% |
| Germany | 55.7 | 151 | 338 | 364 | 87.0% |
| United States | 67.6 | 45.4 | 103 | 201 | 43.8% |
| Vietnam | 5.6 | N/A | N/A | N/A | 0% |
| Others | 50.0 | 27.1 | 500 | 75.6 | 14.8% |
| Total | 2,225 | 2,020 | 3,139 | 2,589 | 5.2% |
Top Suppliers of Sulphates; of Magnesium to China in 2022:
- Japan (656.2 tons)
- Germany (432.2 tons)
- United States (356.6 tons)
- Czech Republic (221.1 tons)
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