Sulphates; of Magnesium Price in South Africa - 2023
Contents:
- Sulphates; of Magnesium Price in South Africa (CIF) - 2022
- Sulphates; of Magnesium Price in South Africa (FOB) - 2022
- Sulphates; of Magnesium Imports in South Africa
- Sulphates; of Magnesium Exports in South Africa
Sulphates; of Magnesium Price in South Africa (CIF) - 2022
The average sulphates; of magnesium import price stood at $184 per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 10% against the previous year. The import price peaked at $192 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($612 per ton), while the price for China ($172 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in South Africa (FOB) - 2022
The average sulphates; of magnesium export price stood at $558 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The export price peaked at $717 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($556 per ton) and Namibia ($521 per ton), while the average price for exports to Malawi ($372 per ton) and Zimbabwe ($379 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (-1.2%), while the prices for the other major destinations experienced a decline.
Sulphates; of Magnesium Imports in South Africa
After three years of growth, supplies from abroad of sulphates; of magnesia decreased by -7.3% to 24K tons in 2022. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year.
In value terms, sulphates; of magnesium imports fell to $4.4M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 52%.
| Import of Sulphates; of Magnesium in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 3.5 | 4.1 | 3.7 | 11.1% |
| India | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Russia | N/A | 0.4 | N/A | N/A | 0% |
| Others | 0.2 | 0.6 | 0.3 | 0.2 | 0.0% |
| Total | 3.0 | 4.6 | 4.7 | 4.4 | 13.6% |
Top Suppliers of Sulphates; of Magnesium to South Africa in 2022:
- China (21.7K tons)
- India (2.0K tons)
Sulphates; of Magnesium Exports in South Africa
After three years of growth, shipments abroad of sulphates; of magnesia decreased by -18.9% to 793 tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports attained the peak of 978 tons, and then reduced notably in the following year.
In value terms, sulphates; of magnesium exports rose significantly to $443K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 38%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Sulphates; of Magnesium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 37.8 | 52.5 | 120 | 183 | 69.2% |
| Zambia | 67.0 | 111 | 93.5 | 98.4 | 13.7% |
| Zimbabwe | 23.6 | 79.6 | 116 | 59.1 | 35.8% |
| Mauritius | 26.7 | 34.9 | 22.5 | 39.1 | 13.6% |
| Botswana | 35.8 | 15.3 | 9.1 | 14.5 | -26.0% |
| Malawi | 17.3 | 1.1 | 34.5 | 4.3 | -37.1% |
| Others | 13.2 | 11.0 | 10.6 | 44.6 | 50.1% |
| Total | 221 | 305 | 407 | 443 | 26.1% |
Top Export Markets for Sulphates; of Magnesium from South Africa in 2022:
- Namibia (351.0 tons)
- Zambia (177.1 tons)
- Zimbabwe (155.8 tons)
- Mauritius (78.0 tons)
- Malawi (11.5 tons)
- Botswana (7.4 tons)
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