Sulphates; of Magnesium Price in New Zealand - 2023
Contents:
- Sulphates; of Magnesium Price in New Zealand (CIF) - 2022
- Sulphates; of Magnesium Price in New Zealand (FOB) - 2022
- Sulphates; of Magnesium Imports in New Zealand
- Sulphates; of Magnesium Exports in New Zealand
Sulphates; of Magnesium Price in New Zealand (CIF) - 2022
The average sulphates; of magnesium import price stood at $250 per ton in 2022, which is down by -1.5% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +53.8% against 2014 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $253 per ton in 2021, and then contracted modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($231 per ton), while the price for India amounted to $197 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%).
Sulphates; of Magnesium Price in New Zealand (FOB) - 2022
The average sulphates; of magnesium export price stood at $447 per ton in 2022, declining by -40.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 140% against the previous year. Over the period under review, the average export prices hit record highs at $2,358 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($1,712 per ton), while the average price for exports to French Polynesia ($366 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 Australia (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in New Zealand
After three years of growth, supplies from abroad of sulphates; of magnesia decreased by -25.5% to 12K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +37.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 16K tons, and then fell sharply in the following year.
In value terms, sulphates; of magnesium imports declined sharply to $3M in 2022. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of $4M, and then reduced markedly in the following year.
| Import of Sulphates; of Magnesium in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.6 | 3.3 | 2.5 | 24.4% |
| India | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.4 | 0.1 | 0.6 | 0.3 | -9.1% |
| Total | 1.9 | 1.9 | 4.0 | 3.0 | 16.4% |
Top Suppliers of Sulphates; of Magnesium to New Zealand in 2022:
- China (10.8K tons)
- India (0.8K tons)
Sulphates; of Magnesium Exports in New Zealand
For the fourth year in a row, New Zealand recorded growth in shipments abroad of sulphates; of magnesia, which increased by 104% to 37 tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium exports surged to $17K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 218%. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sulphates; of Magnesium in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Caledonia | 4.3 | 5.5 | 5.9 | 11.6 | 39.2% |
| French Polynesia | 0.7 | 2.5 | 1.0 | 2.9 | 60.6% |
| Fiji | 0.5 | 0.4 | 0.6 | 1.2 | 33.9% |
| Samoa | 0.8 | 0.2 | 0.2 | 1.0 | 7.7% |
| Others | N/A | 11.0 | 5.9 | N/A | -46.4% |
| Total | 6.2 | 19.6 | 13.6 | 16.6 | 38.9% |
Top Export Markets for Sulphates; of Magnesium from New Zealand in 2022:
- New Caledonia (26.7 tons)
- French Polynesia (7.8 tons)
- Samoa (1.9 tons)
- Fiji (0.7 tons)
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