Sulphates; of Magnesium Price in Kenya - 2021
Contents:
- Sulphates; of Magnesium Price in Kenya (CIF) - 2022
- Sulphates; of Magnesium Price in Kenya (FOB) - 2022
- Sulphates; of Magnesium Imports in Kenya
- Sulphates; of Magnesium Exports in Kenya
Sulphates; of Magnesium Price in Kenya (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $131 per ton, shrinking by -7.1% against the previous year. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 10%. Over the period under review, average import prices attained the peak figure at $178 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($150 per ton), while the price for India stood at $112 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%).
Sulphates; of Magnesium Price in Kenya (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $529 per ton, rising by 7.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 163%. Over the period under review, the average export prices reached the peak figure at $642 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($589 per ton), while the average price for exports to Ethiopia ($519 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 India (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Kenya
Sulphates; of magnesium imports into Kenya dropped significantly to 6.1K tons in 2022, shrinking by -21% on 2021. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 100%.
In value terms, sulphates; of magnesium imports reduced sharply to $799K in 2022. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 114% against the previous year.
| Import of Sulphates; of Magnesium in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 730 | 296 | 536 | 394 | -18.6% |
| China | 398 | 206 | 522 | 384 | -1.2% |
| Others | 13.0 | 8.0 | 29.8 | 20.8 | 17.0% |
| Total | 1,141 | 510 | 1,088 | 799 | -11.2% |
Top Suppliers of Sulphates; of Magnesium to Kenya in 2022:
- India (3.5K tons)
- China (2.6K tons)
Sulphates; of Magnesium Exports in Kenya
In 2022, overseas shipments of sulphates; of magnesia were finally on the rise to reach 15 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a significant decline.
In value terms, sulphates; of magnesium exports soared to $7.9K in 2022. In general, exports, however, recorded a dramatic decrease.
| Export of Sulphates; of Magnesium in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 8.5 | 1.4 | 3.3 | 6.7 | -7.6% |
| Uganda | 4.7 | 9.4 | 0.4 | 1.2 | -36.6% |
| China | 23.9 | N/A | N/A | N/A | 0% |
| India | 28.4 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 1.2 | 0.2 | 0.1 | -30.7% |
| Total | 65.8 | 12.0 | 3.9 | 7.9 | -50.7% |
Top Export Markets for Sulphates; of Magnesium from Kenya in 2022:
- Ethiopia (12.9 tons)
- Uganda (2.0 tons)
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