Sulphates; of Magnesium Price in Portugal - 2023
Contents:
- Sulphates; of Magnesium Price in Portugal (CIF) - 2022
- Sulphates; of Magnesium Price in Portugal (FOB) - 2022
- Sulphates; of Magnesium Imports in Portugal
- Sulphates; of Magnesium Exports in Portugal
Sulphates; of Magnesium Price in Portugal (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $332 per ton, waning by -13.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. As a result, import price reached the peak level of $385 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($472 per ton), while the price for India ($239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Price in Portugal (FOB) - 2022
The average sulphates; of magnesium export price stood at $360 per ton in 2022, declining by -7.2% against the previous year. Overall, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 46%. The export price peaked at $488 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($783 per ton), while the average price for exports to Spain totaled $335 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.1%), while the prices for the other major destinations experienced a decline.
Sulphates; of Magnesium Imports in Portugal
In 2022, approx. 4.5K tons of sulphates; of magnesia were imported into Portugal; with a decrease of -3.4% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of 4.7K tons, and then contracted slightly in the following year.
In value terms, sulphates; of magnesium imports contracted dramatically to $1.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of $1.8M, and then declined significantly in the following year.
| Import of Sulphates; of Magnesium in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 359 | 545 | 699 | 807 | 31.0% |
| Spain | 621 | 429 | 868 | 687 | 3.4% |
| India | 220 | 113 | 37.5 | 8.8 | -65.8% |
| China | 94.0 | 114 | 52.6 | N/A | -25.2% |
| Others | 7.5 | 6.4 | 154 | 6.8 | -3.2% |
| Total | 1,301 | 1,207 | 1,811 | 1,509 | 5.1% |
Top Suppliers of Sulphates; of Magnesium to Portugal in 2022:
- India (undefinedK tons)
- Germany (3.1K tons)
- Spain (1.5K tons)
Sulphates; of Magnesium Exports in Portugal
In 2022, the amount of sulphates; of magnesia exported from Portugal shrank to 1.1K tons, reducing by -4.6% against the previous year. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year.
In value terms, sulphates; of magnesium exports contracted to $406K in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $459K, and then dropped in the following year.
| Export of Sulphates; of Magnesium in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 290 | 270 | 329 | 358 | 7.3% |
| Angola | 56.5 | 74.3 | 129 | 45.2 | -7.2% |
| Others | 3.6 | 9.1 | 0.8 | 3.0 | -5.9% |
| Total | 351 | 354 | 459 | 406 | 5.0% |
Top Export Markets for Sulphates; of Magnesium from Portugal in 2022:
- Spain (1068.8 tons)
- Angola (57.7 tons)
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