Sulphates; of Magnesium Price in Switzerland - 2023
Contents:
- Sulphates; of Magnesium Price in Switzerland (CIF) - 2022
- Sulphates; of Magnesium Price in Switzerland (FOB) - 2022
- Sulphates; of Magnesium Imports in Switzerland
- Sulphates; of Magnesium Exports in Switzerland
Sulphates; of Magnesium Price in Switzerland (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $906 per ton, jumping by 22% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price decreased by -28.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49%. The import price peaked at $1,265 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,436 per ton), while the price for Poland ($320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Switzerland (FOB) - 2022
The average sulphates; of magnesium export price stood at $24,214 per ton in 2022, waning by -36.7% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $45,968 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($200,544 per ton), while the average price for exports to Ireland ($7,428 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 Ireland (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Switzerland
After three years of growth, purchases abroad of sulphates; of magnesia decreased by -12.3% to 1.7K tons in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.9% 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 +68.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of 2K tons, and then dropped in the following year.
In value terms, sulphates; of magnesium imports stood at $1.6M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sulphates; of Magnesium in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 453 | 537 | 781 | 864 | 24.0% |
| United States | 84.8 | 54.6 | 25.4 | 211 | 35.5% |
| France | 94.0 | 144 | 213 | 112 | 6.0% |
| Netherlands | 11.1 | 25.0 | 96.1 | 79.9 | 93.1% |
| Poland | 17.4 | 47.8 | 9.8 | 41.9 | 34.0% |
| Others | 297 | 876 | 355 | 269 | -3.2% |
| Total | 957 | 1,684 | 1,480 | 1,579 | 18.2% |
Top Suppliers of Sulphates; of Magnesium to Switzerland in 2022:
- Germany (1281.5 tons)
- France (187.7 tons)
- Poland (131.0 tons)
- United States (61.5 tons)
- Netherlands (29.0 tons)
Sulphates; of Magnesium Exports in Switzerland
Sulphates; of magnesium exports from Switzerland shrank to 7.9 tons in 2022, declining by -6.2% on the previous year's figure. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 35%. As a result, the exports reached the peak of 8.4 tons, and then reduced in the following year.
In value terms, sulphates; of magnesium exports contracted sharply to $190K in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 41%. As a result, the exports attained the peak of $321K, and then declined notably in the following year.
| Export of Sulphates; of Magnesium in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 136 | 82.7 | 111 | 84.3 | -14.7% |
| United States | 48.5 | 64.4 | 54.1 | 41.5 | -5.1% |
| United Kingdom | 12.8 | 43.4 | 64.7 | 27.2 | 28.6% |
| South Korea | 32.8 | 25.7 | 82.5 | 21.2 | -13.5% |
| Ireland | N/A | 1.2 | N/A | 8.9 | 172.3% |
| France | 6.3 | 5.1 | 3.6 | 6.4 | 0.5% |
| Panama | 6.6 | N/A | N/A | N/A | 0% |
| Others | 6.8 | 4.3 | 5.0 | 0.9 | -49.0% |
| Total | 250 | 227 | 321 | 190 | -8.7% |
Top Export Markets for Sulphates; of Magnesium from Switzerland in 2022:
- Germany (5.0 tons)
- Ireland (1.2 tons)
- United Kingdom (0.8 tons)
- France (0.5 tons)
- United States (0.2 tons)
- South Korea (0.1 tons)
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