Sulphates; of Magnesium Price in Kuwait - 2021
Contents:
Sulphates; of Magnesium Price in Kuwait (CIF) - 2022
The average sulphates; of magnesium import price stood at $248 per ton in 2022, increasing by 2.3% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 420% against the previous year. The import price peaked at $588 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($299 per ton), while the price for India ($15 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+77.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Kuwait
In 2022, overseas purchases of sulphates; of magnesia decreased by -26.6% to 394 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. As a result, imports reached the peak of 537 tons, and then dropped remarkably in the following year.
In value terms, sulphates; of magnesium imports shrank notably to $98K in 2022. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 100%. As a result, imports reached the peak of $130K, and then contracted significantly in the following year.
| Import of Sulphates; of Magnesium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 30.8 | 61.4 | 120 | 76.0 | 35.1% |
| Germany | 0.2 | 0.7 | 3.2 | 1.5 | 95.7% |
| United States | 0.1 | 0.5 | 0.9 | 0.5 | 71.0% |
| Saudi Arabia | N/A | 0.3 | 0.7 | 0.4 | 15.5% |
| United Arab Emirates | 0.1 | 0.6 | 0.5 | 0.4 | 58.7% |
| Poland | N/A | 0.3 | 1.0 | 0.3 | 0.0% |
| India | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.1 | 0.4 | 1.6 | 0.1 | 0.0% |
| Others | 30.9 | 1.1 | 2.0 | 18.4 | -15.9% |
| Total | 62.3 | 65.4 | 130 | 97.9 | 16.3% |
Top Suppliers of Sulphates; of Magnesium to Kuwait in 2022:
- Ireland (254.6 tons)
- India (13.8 tons)
- Poland (12.7 tons)
- Germany (11.4 tons)
- United Arab Emirates (9.5 tons)
- United States (5.7 tons)
- Turkey (5.4 tons)
- Saudi Arabia (5.2 tons)
- China (4.6 tons)
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