Sulphates; of Magnesium Price in Latvia - 2023
Contents:
- Sulphates; of Magnesium Price in Latvia (CIF) - 2022
- Sulphates; of Magnesium Price in Latvia (FOB) - 2022
- Sulphates; of Magnesium Imports in Latvia
- Sulphates; of Magnesium Exports in Latvia
Sulphates; of Magnesium Price in Latvia (CIF) - 2022
The average sulphates; of magnesium import price stood at $966 per ton in 2022, increasing by 74% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 117% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
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 Germany ($1,075 per ton), while the price for Finland ($341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Latvia (FOB) - 2022
The average sulphates; of magnesium export price stood at $737 per ton in 2022, growing by 31% against the previous year. In general, the export price posted buoyant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 1,303%. As a result, the export price attained the peak level of $5,103 per ton. From 2016 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 Estonia ($775 per ton), while the average price for exports to Belarus ($498 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 Sweden (+61.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Latvia
In 2022, supplies from abroad of sulphates; of magnesia decreased by -12.2% to 1.6K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 169%. As a result, imports attained the peak of 4.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of magnesium imports surged to $1.5M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 662 | 560 | 660 | 1,303 | 25.3% |
| Lithuania | 56.4 | 29.2 | 74.6 | 132 | 32.8% |
| Denmark | 93.3 | 93.0 | 122 | 66.1 | -10.9% |
| Finland | 6.3 | 3.4 | 1.5 | 18.4 | 42.9% |
| Russia | N/A | 86.5 | N/A | N/A | 0% |
| China | 50.4 | 461 | 135 | N/A | 63.7% |
| Others | 293 | 31.1 | 21.1 | 28.4 | -54.1% |
| Total | 1,162 | 1,264 | 1,014 | 1,548 | 10.0% |
Top Suppliers of Sulphates; of Magnesium to Latvia in 2022:
- Germany (1212.2 tons)
- Lithuania (192.3 tons)
- Denmark (110.8 tons)
- Finland (54.1 tons)
Sulphates; of Magnesium Exports in Latvia
In 2022, approx. 199 tons of sulphates; of magnesia were exported from Latvia; growing by 46% against the previous year's figure. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium exports soared to $147K in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sulphates; of Magnesium in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 26.9 | 38.6 | 48.3 | 114 | 61.8% |
| Finland | 11.4 | 13.1 | 14.4 | 28.4 | 35.6% |
| Belarus | N/A | N/A | N/A | 2.0 | 0% |
| Lithuania | 2.7 | 1.0 | 3.7 | 0.9 | -30.7% |
| Sweden | N/A | 4.6 | 10.0 | N/A | 117.4% |
| Others | 0.6 | 0.7 | 0.3 | 1.1 | 22.4% |
| Total | 41.7 | 58.0 | 76.7 | 147 | 52.2% |
Top Export Markets for Sulphates; of Magnesium from Latvia in 2022:
- Estonia (147.5 tons)
- Finland (44.0 tons)
- Belarus (4.0 tons)
- Lithuania (2.1 tons)
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