Sulphates; of Magnesium Price in Peru - 2021
Contents:
- Sulphates; of Magnesium Price in Peru (CIF) - 2022
- Sulphates; of Magnesium Price in Peru (FOB) - 2022
- Sulphates; of Magnesium Imports in Peru
- Sulphates; of Magnesium Exports in Peru
Sulphates; of Magnesium Price in Peru (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $134 per ton, waning by -6.8% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% against the previous year. The import price peaked at $243 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($502 per ton), while the price for China amounted to $126 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-3.0%).
Sulphates; of Magnesium Price in Peru (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $259 per ton, shrinking by -4.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $319 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($378 per ton), while the average price for exports to Ecuador ($251 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 Bolivia (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Peru
In 2022, imports of sulphates; of magnesia into Peru expanded significantly to 49K tons, increasing by 13% on 2021 figures. The total import volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, sulphates; of magnesium imports rose markedly to $6.6M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 30%. As a result, imports reached the peak of $6.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Magnesium in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 6.5 | 5.8 | 6.1 | 7.6% |
| Germany | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 5.3 | 6.9 | 6.3 | 6.6 | 7.6% |
Top Suppliers of Sulphates; of Magnesium to Peru in 2022:
- China (48.2K tons)
- Germany (0.9K tons)
Sulphates; of Magnesium Exports in Peru
In 2022, approx. 1.6K tons of sulphates; of magnesia were exported from Peru; waning by -25.9% on the previous year. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 137% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then reduced notably in the following year.
In value terms, sulphates; of magnesium exports shrank significantly to $417K in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 143% against the previous year. As a result, the exports attained the peak of $592K, and then shrank remarkably in the following year.
| Export of Sulphates; of Magnesium in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 233 | 183 | 444 | 364 | 16.0% |
| Bolivia | 71.3 | 12.5 | 42.2 | 34.7 | -21.3% |
| Chile | 12.4 | 48.0 | 12.6 | 18.4 | 14.1% |
| Others | 14.9 | N/A | 93.4 | N/A | 150.4% |
| Total | 331 | 243 | 592 | 417 | 8.0% |
Top Export Markets for Sulphates; of Magnesium from Peru in 2022:
- Ecuador (1454.4 tons)
- Bolivia (91.8 tons)
- Chile (68.6 tons)
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