Sulphates; of Magnesium Price in Colombia - 2022
Contents:
- Sulphates; of Magnesium Price in Colombia (CIF) - 2022
- Sulphates; of Magnesium Price in Colombia (FOB) - 2022
- Sulphates; of Magnesium Imports in Colombia
- Sulphates; of Magnesium Exports in Colombia
Sulphates; of Magnesium Price in Colombia (CIF) - 2022
The average sulphates; of magnesium import price stood at $328 per ton in February 2022, surging by 5.1% against the previous month. Over the period under review, the import price saw a buoyant increase. The pace of growth was the most pronounced in April 2021 an increase of 84% m-o-m. Over the period under review, average import prices reached the maximum at $365 per ton in September 2021; however, from October 2021 to February 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +7.0% per month.
Sulphates; of Magnesium Price in Colombia (FOB) - 2022
In February 2022, the average sulphates; of magnesium export price amounted to $423 per ton, rising by 19% against the previous month. Over the period under review, the export price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in July 2021 when the average export price increased by 92% m-o-m. As a result, the export price attained the peak level of $552 per ton. From August 2021 to February 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In February 2022, the country with the highest price was Chile ($2,670 per ton), while the average price for exports to Ecuador ($216 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Colombia
After three years of growth, supplies from abroad of sulphates; of magnesia decreased by -21.1% to 1.3K tons in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 147% against the previous year.
In value terms, sulphates; of magnesium imports contracted notably to $2.9M in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $3.7M, and then declined significantly in the following year.
| Import of Sulphates; of Magnesium in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 2.0 | 3.3 | 2.6 | 22.9% |
| Germany | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 1.6 | 2.2 | 3.7 | 2.9 | 21.9% |
Top Suppliers of Sulphates; of Magnesium to Colombia in 2022:
- Germany (690.9 tons)
- China (611.3 tons)
Sulphates; of Magnesium Exports in Colombia
After three years of growth, shipments abroad of sulphates; of magnesia decreased by -70.7% to 764 tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 418%. As a result, the exports attained the peak of 2.6K tons, and then shrank remarkably in the following year.
In value terms, sulphates; of magnesium exports declined significantly to $764K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 291% against the previous year.
| Export of Sulphates; of Magnesium in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 62.4 | 207 | 176 | 634 | 116.6% |
| Ecuador | 21.7 | 64.8 | 22.8 | 130 | 81.6% |
| United States | N/A | 58.7 | 996 | N/A | 1596.8% |
| Others | 0.6 | 0.4 | 2.6 | 0.1 | -45.0% |
| Total | 84.8 | 331 | 1,197 | 764 | 108.1% |
Top Export Markets for Sulphates; of Magnesium from Colombia in 2022:
- Ecuador (494.3 tons)
- Chile (269.6 tons)
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