Sulphates; of Magnesium Price in Romania - 2023
Contents:
- Sulphates; of Magnesium Price in Romania (CIF) - 2022
- Sulphates; of Magnesium Price in Romania (FOB) - 2022
- Sulphates; of Magnesium Imports in Romania
- Sulphates; of Magnesium Exports in Romania
Sulphates; of Magnesium Price in Romania (CIF) - 2022
The average sulphates; of magnesium import price stood at $564 per ton in 2022, dropping by -4.4% against the previous year. Over the period under review, the import price, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 an increase of 27%. As a result, import price reached the peak level of $590 per ton, and then declined in the following year.
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 ($970 per ton), while the price for Poland ($287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Romania (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $1,137 per ton, which is down by -7.5% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 40% against the previous year. The export price peaked at $3,521 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 Moldova ($1,716 per ton), while the average price for exports to Denmark ($174 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 the Netherlands (+0.7%), while the prices for the other major destinations experienced a decline.
Sulphates; of Magnesium Imports in Romania
In 2022, after three years of growth, there was significant decline in overseas purchases of sulphates; of magnesia, when their volume decreased by -16.7% to 1.9K tons. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 +73.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 57%.
In value terms, sulphates; of magnesium imports declined markedly to $1.1M in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 95% against the previous year.
| Import of Sulphates; of Magnesium in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 146 | 375 | 645 | 352 | 34.1% |
| Poland | 12.3 | 31.2 | 24.4 | 194 | 150.8% |
| Turkey | 4.2 | N/A | 48.6 | 96.2 | 184.0% |
| Austria | 5.2 | 0.4 | 23.5 | 93.6 | 162.1% |
| China | 47.9 | 37.6 | 6.2 | 69.2 | 13.0% |
| Netherlands | 28.1 | 61.0 | 86.0 | 47.8 | 19.4% |
| Greece | 31.1 | 74.3 | 122 | 44.9 | 13.0% |
| Slovakia | 21.1 | 1.3 | 0.5 | 37.3 | 20.9% |
| Hungary | 21.6 | 14.2 | 19.2 | 32.3 | 14.4% |
| India | 11.1 | 15.9 | N/A | 31.8 | 42.0% |
| Czech Republic | 27.3 | 30.1 | 35.9 | 25.0 | -2.9% |
| Bulgaria | 20.3 | 22.4 | 106 | 5.7 | -34.5% |
| Others | 23.7 | 118 | 203 | 21.0 | -4.0% |
| Total | 400 | 782 | 1,321 | 1,051 | 38.0% |
Top Suppliers of Sulphates; of Magnesium to Romania in 2022:
- Poland (676.6 tons)
- Germany (363.1 tons)
- Turkey (168.9 tons)
- China (145.8 tons)
- Austria (136.2 tons)
- Netherlands (85.0 tons)
- Greece (64.8 tons)
- Hungary (50.7 tons)
- Slovakia (50.6 tons)
- India (48.6 tons)
- Czech Republic (29.1 tons)
- Bulgaria (7.8 tons)
Sulphates; of Magnesium Exports in Romania
In 2022, approx. 9.8 tons of sulphates; of magnesia were exported from Romania; which is down by -21.5% compared with 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year. As a result, the exports attained the peak of 13 tons, and then reduced rapidly in the following year.
In value terms, sulphates; of magnesium exports fell significantly to $11K in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, the exports reached the peak of $15K, and then declined notably in the following year.
| Export of Sulphates; of Magnesium in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 4.1 | 1.0 | 6.3 | 5.3 | 8.9% |
| France | 1.1 | 5.9 | 9.1 | 2.6 | 33.2% |
| Poland | N/A | N/A | N/A | 2.4 | 0% |
| Hungary | N/A | N/A | N/A | 0.5 | 0% |
| Switzerland | 1.2 | N/A | N/A | 0.2 | -45.0% |
| Bulgaria | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Others | 0.5 | 0.1 | N/A | 0.2 | -26.3% |
| Total | 7.4 | 7.0 | 15.4 | 11.2 | 14.8% |
Top Export Markets for Sulphates; of Magnesium from Romania in 2022:
- Poland (3.3 tons)
- Moldova (3.1 tons)
- France (2.2 tons)
- Hungary (0.5 tons)
- Switzerland (0.3 tons)
- Bulgaria (0.3 tons)
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