Sulphates; of Magnesium Price in Denmark - 2023
Contents:
- Sulphates; of Magnesium Price in Denmark (CIF) - 2023
- Sulphates; of Magnesium Price in Denmark (FOB) - 2022
- Sulphates; of Magnesium Imports in Denmark
- Sulphates; of Magnesium Exports in Denmark
Sulphates; of Magnesium Price in Denmark (CIF) - 2023
The average sulphates; of magnesium import price stood at $855 per ton in June 2023, rising by 40% against the previous month. In general, import price indicated a moderate increase from June 2022 to June 2023: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, sulphates; of magnesium import price decreased by -4.1% against April 2023 indices. Over the period under review, average import prices attained the peak figure at $891 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($789 per ton), while the price for Sweden amounted to $710 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%).
Sulphates; of Magnesium Price in Denmark (FOB) - 2022
The average sulphates; of magnesium export price stood at $795 per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2018 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $876 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,170 per ton), while the average price for exports to Germany ($487 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 the United States (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Denmark
After three years of growth, purchases abroad of sulphates; of magnesia decreased by -1.3% to 5.3K tons in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year.
In value terms, sulphates; of magnesium imports shrank to $2.9M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year.
| Import of Sulphates; of Magnesium in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,911 | 2,167 | 2,483 | 2,345 | 7.1% |
| Poland | 29.8 | 325 | 414 | 372 | 132.0% |
| China | 50.1 | 32.6 | N/A | 33.5 | -12.6% |
| Others | 128 | 163 | 182 | 133 | 1.3% |
| Total | 2,118 | 2,688 | 3,080 | 2,884 | 10.8% |
Top Suppliers of Sulphates; of Magnesium to Denmark in 2022:
- Germany (4.7K tons)
- Poland (0.2K tons)
- China (0.1K tons)
Sulphates; of Magnesium Exports in Denmark
In 2022, overseas shipments of sulphates; of magnesia decreased by -2.4% to 464 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 31%.
In value terms, sulphates; of magnesium exports dropped to $369K in 2022. The total export value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30%.
| Export of Sulphates; of Magnesium in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 167 | 237 | 196 | 202 | 6.5% |
| Norway | 26.0 | 25.6 | 76.7 | 85.4 | 48.6% |
| Latvia | 65.5 | 72.9 | 74.4 | 34.5 | -19.2% |
| United States | 0.5 | 10.9 | 23.0 | 32.5 | 302.1% |
| Germany | N/A | N/A | N/A | 7.8 | 0% |
| Others | 14.4 | 9.8 | 11.6 | 6.0 | -25.3% |
| Total | 273 | 356 | 381 | 369 | 10.6% |
Top Export Markets for Sulphates; of Magnesium from Denmark in 2022:
- Sweden (245.2 tons)
- Norway (103.5 tons)
- Latvia (62.8 tons)
- United States (27.8 tons)
- Germany (15.9 tons)
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