Sulphates; of Magnesium Price in Qatar - 2023
Contents:
Sulphates; of Magnesium Price in Qatar (CIF) - 2022
The average sulphates; of magnesium import price stood at $908 per ton in 2022, surging by 14% against the previous year. In general, the import price, however, continues to indicate a deep contraction. Over the period under review, average import prices attained the peak figure at $4,207 per ton in 2013; however, from 2014 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 India ($1,488 per ton), while the price for China ($490 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.3%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Magnesium Imports in Qatar
In 2022, overseas purchases of sulphates; of magnesia decreased by -17.1% to 590 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 224%.
In value terms, sulphates; of magnesium imports reduced to $535K in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 119%.
| Import of Sulphates; of Magnesium in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 118 | 277 | 301 | 241 | 26.9% |
| Germany | 112 | 170 | 110 | 224 | 26.0% |
| China | N/A | 15.6 | 89.6 | 35.9 | 51.7% |
| Czech Republic | N/A | 22.9 | 29.9 | 30.9 | 16.2% |
| Italy | N/A | 9.1 | 32.5 | N/A | 257.1% |
| Others | N/A | 10.5 | 2.6 | 3.2 | -44.8% |
| Total | 230 | 505 | 565 | 535 | 32.5% |
Top Suppliers of Sulphates; of Magnesium to Qatar in 2022:
- Germany (330.1 tons)
- India (162.0 tons)
- China (73.3 tons)
- Czech Republic (24.0 tons)
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