Sulphates; of Magnesium Price in Italy - 2023
Contents:
- Sulphates; of Magnesium Price in Italy (CIF) - 2023
- Sulphates; of Magnesium Price in Italy (FOB) - 2022
- Sulphates; of Magnesium Imports in Italy
- Sulphates; of Magnesium Exports in Italy
Sulphates; of Magnesium Price in Italy (CIF) - 2023
The average sulphates; of magnesium import price stood at $781 per ton in June 2023, jumping by 78% against the previous month. In general, import price indicated a temperate increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% 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 increased by +94.4% against April 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($646 per ton), while the price for India ($246 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Price in Italy (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $1,109 per ton, increasing by 6.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 65% against the previous year. The export price peaked at $1,171 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,732 per ton), while the average price for exports to Croatia ($213 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 Egypt (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Italy
In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of magnesia, when their volume decreased by -7.2% to 27K tons. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of 29K tons, and then fell in the following year.
In value terms, sulphates; of magnesium imports reduced remarkably to $9.3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $11M, and then contracted rapidly in the following year.
| Import of Sulphates; of Magnesium in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 3.3 | 4.8 | 4.0 | 11.3% |
| India | 1.8 | 1.7 | 3.1 | 2.6 | 13.0% |
| China | 1.3 | 1.4 | 1.6 | 1.3 | 0.0% |
| Turkey | 0.4 | 0.2 | 0.7 | 0.6 | 14.5% |
| Poland | 0.7 | 0.5 | 0.1 | 0.4 | -17.0% |
| Others | 0.2 | 0.4 | 0.9 | 0.4 | 26.0% |
| Total | 7.3 | 7.5 | 11.1 | 9.3 | 8.4% |
Top Suppliers of Sulphates; of Magnesium to Italy in 2022:
- India (9.6K tons)
- Germany (8.7K tons)
- China (5.1K tons)
- Turkey (2.1K tons)
- Poland (0.9K tons)
Sulphates; of Magnesium Exports in Italy
In 2022, exports of sulphates; of magnesia from Italy expanded significantly to 191 tons, surging by 8.7% on the year before. Over the period under review, exports, however, showed a noticeable slump.
In value terms, sulphates; of magnesium exports surged to $212K in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. As a result, the exports attained the peak of $242K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sulphates; of Magnesium in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 31.9 | 27.4 | 23.0 | 38.4 | 6.4% |
| Switzerland | 14.0 | 12.9 | 23.0 | 38.3 | 39.9% |
| Greece | 6.8 | 2.7 | 9.7 | 16.1 | 33.3% |
| Syrian Arab Republic | 4.3 | 9.4 | 8.0 | 13.3 | 45.7% |
| Tunisia | 3.6 | 21.6 | 1.2 | 10.5 | 42.9% |
| Morocco | 3.5 | 12.4 | 6.1 | 10.2 | 42.8% |
| Spain | 9.9 | 4.8 | 1.3 | 6.4 | -13.5% |
| Croatia | 1.1 | 2.3 | 1.8 | 3.0 | 39.7% |
| Cyprus | 11.9 | 15.2 | N/A | N/A | 27.7% |
| Vietnam | 8.5 | N/A | N/A | N/A | 0% |
| Qatar | N/A | 8.5 | 23.1 | N/A | 171.8% |
| Brazil | 21.6 | 29.0 | N/A | N/A | 34.3% |
| Others | 55.6 | 95.4 | 85.7 | 76.0 | 11.0% |
| Total | 173 | 242 | 183 | 212 | 7.0% |
Top Export Markets for Sulphates; of Magnesium from Italy in 2022:
- Switzerland (36.8 tons)
- Syrian Arab Republic (28.2 tons)
- Greece (27.7 tons)
- Tunisia (19.6 tons)
- Morocco (17.6 tons)
- Turkey (14.0 tons)
- Croatia (13.9 tons)
- Spain (5.0 tons)
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