Sulphates; of Magnesium Price in Ireland - 2023
Contents:
- Sulphates; of Magnesium Price in Ireland (FOB) - 2022
- Sulphates; of Magnesium Price in Ireland (CIF) - 2022
- Sulphates; of Magnesium Exports in Ireland
- Sulphates; of Magnesium Imports in Ireland
Sulphates; of Magnesium Price in Ireland (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $3,832 per ton, standing approx. at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. Over the period under review, the average export prices reached the maximum at $3,992 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 Morocco ($6,989 per ton), while the average price for exports to Egypt ($1,307 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 Morocco (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Price in Ireland (CIF) - 2022
The average sulphates; of magnesium import price stood at $587 per ton in 2022, which is down by -11% against the previous year. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 23%. The import price peaked at $928 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,124 per ton), while the price for Turkey ($269 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Exports in Ireland
In 2022, shipments abroad of sulphates; of magnesia increased by 44% to 1.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a precipitous descent.
In value terms, sulphates; of magnesium exports soared to $6.3M in 2022. Overall, exports, however, faced a precipitous slump.
| Export of Sulphates; of Magnesium in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 3.7 | 3.7 | 3.5 | 2.9 | -7.8% |
| Saudi Arabia | 4.7 | 0.9 | N/A | 1.1 | -38.4% |
| Bahrain | 1.2 | 0.4 | N/A | 0.5 | -25.3% |
| Egypt | 1.0 | 0.7 | 0.5 | 0.5 | -20.6% |
| Kuwait | 4.9 | N/A | N/A | 0.4 | -56.6% |
| Oman | 0.9 | 0.5 | N/A | 0.3 | -30.7% |
| Iran | N/A | N/A | N/A | 0.2 | 0% |
| Malta | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| India | 1.1 | N/A | N/A | 0.1 | -55.0% |
| Jordan | 1.1 | 0.4 | N/A | 0.1 | -55.0% |
| Iraq | 1.6 | N/A | N/A | N/A | 0% |
| Others | 4.5 | 1.2 | N/A | 0.1 | -71.9% |
| Total | 25.2 | 8.3 | 4.3 | 6.3 | -37.0% |
Top Export Markets for Sulphates; of Magnesium from Ireland in 2022:
- Morocco (409.4 tons)
- Egypt (363.7 tons)
- Saudi Arabia (292.4 tons)
- Iran (176.2 tons)
- Bahrain (84.6 tons)
- Kuwait (77.9 tons)
- Oman (60.7 tons)
- Malta (48.7 tons)
- Jordan (31.1 tons)
- India (26.1 tons)
Sulphates; of Magnesium Imports in Ireland
In 2022, supplies from abroad of sulphates; of magnesia decreased by -3.1% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of 1.4K tons, and then fell in the following year.
In value terms, sulphates; of magnesium imports fell to $818K in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $948K, and then contracted in the following year.
| Import of Sulphates; of Magnesium in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 216 | 261 | 418 | 277 | 8.6% |
| Czech Republic | 278 | 208 | 345 | 257 | -2.6% |
| Turkey | 78.7 | 60.2 | 39.8 | 97.4 | 7.4% |
| Netherlands | 74.5 | 71.5 | 49.6 | 72.8 | -0.8% |
| United Kingdom | 65.3 | 22.2 | 25.0 | 36.0 | -18.0% |
| India | 6.2 | 5.9 | 12.8 | 9.0 | 13.2% |
| China | 25.4 | 26.6 | 13.0 | 3.3 | -49.4% |
| Others | 38.9 | 33.2 | 45.9 | 66.3 | 19.5% |
| Total | 783 | 688 | 948 | 818 | 1.5% |
Top Suppliers of Sulphates; of Magnesium to Ireland in 2022:
- Germany (489.6 tons)
- Turkey (362.0 tons)
- Czech Republic (310.7 tons)
- Netherlands (167.4 tons)
- United Kingdom (32.0 tons)
- India (15.8 tons)
- China (7.3 tons)
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