Sulphates; of Magnesium Price in Myanmar - 2022
Contents:
Sulphates; of Magnesium Price in Myanmar (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $204 per ton, reducing by -8.6% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price increased by +12.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 51% against the previous year. As a result, import price attained the peak level of $290 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($359 per ton), while the price for China totaled $197 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%).
Sulphates; of Magnesium Imports in Myanmar
In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of magnesia, when their volume decreased by -8.4% to 742 tons. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 810 tons, and then shrank in the following year.
In value terms, sulphates; of magnesium imports shrank sharply to $151K in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports attained the peak of $180K, and then fell significantly in the following year.
| Import of Sulphates; of Magnesium in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 121 | 110 | 136 | 140 | 5.0% |
| Germany | 12.5 | 11.6 | 9.9 | 11.1 | -3.9% |
| Others | 4.8 | 0.4 | 34.2 | 0.2 | -65.3% |
| Total | 138 | 122 | 180 | 151 | 3.0% |
Top Suppliers of Sulphates; of Magnesium to Myanmar in 2022:
- China (710.3 tons)
- Germany (30.9 tons)
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