Sulphates; of Magnesium Price in Tanzania - 2022
Contents:
Sulphates; of Magnesium Price in Tanzania (CIF) - 2022
The average sulphates; of magnesium import price stood at $244 per ton in 2022, jumping by 55% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 increased by +97.2% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 67%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($240 per ton), while the price for India totaled $103 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+401.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Tanzania
In 2022, approx. 31 tons of sulphates; of magnesia were imported into Tanzania; shrinking by -96.5% against the year before. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 1,370% against the previous year.
In value terms, sulphates; of magnesium imports dropped notably to $7.5K in 2022. Overall, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 913% against the previous year. As a result, imports attained the peak of $139K, and then reduced remarkably in the following year.
| Import of Sulphates; of Magnesium in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.8 | 5.0 | 126 | 6.5 | -54.0% |
| India | 25.1 | 1.4 | 3.5 | 0.3 | -77.1% |
| Netherlands | 3.6 | 0.7 | 1.7 | N/A | -31.3% |
| Others | 38.4 | 6.6 | 8.0 | 0.6 | -75.0% |
| Total | 134 | 13.7 | 139 | 7.5 | -61.7% |
Top Suppliers of Sulphates; of Magnesium to Tanzania in 2022:
- China (27.1 tons)
- India (3.1 tons)
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