Sulphates; of Magnesium Price in the Czech Republic - 2023

Sulphates; of Magnesium Price in the Czech Republic (FOB) - 2022

In 2022, the average sulphates; of magnesium export price amounted to $1,290 per ton, remaining relatively unchanged against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 export price increased by +62.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure at $1,304 per ton in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,871 per ton), while the average price for exports to Romania ($696 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 Poland (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Magnesium Price in the Czech Republic (CIF) - 2023

In June 2023, the average sulphates; of magnesium import price amounted to $551 per ton, with an increase of 1.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 21% month-to-month. The import price peaked at $632 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($570 per ton), while the price for Poland ($408 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Magnesium Exports in the Czech Republic

In 2022, shipments abroad of sulphates; of magnesia decreased by -9.3% to 3.6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of 3.9K tons, and then fell in the following year.

In value terms, sulphates; of magnesium exports dropped to $4.6M in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of $5.1M, and then shrank in the following year.

Export of Sulphates; of Magnesium in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	307	505	664	570	22.9%
United States	109	158	206	353	48.0%
Germany	199	408	161	342	19.8%
Ireland	252	227	360	335	10.0%
Singapore	250	167	287	315	8.0%
Saudi Arabia	217	232	233	287	9.8%
Slovakia	185	284	312	273	13.8%
Poland	162	221	610	255	16.3%
Russia	146	125	101	154	1.8%
China	195	179	242	144	-9.6%
Pakistan	198	97.6	208	141	-10.7%
India	99.7	48.3	60.3	90.1	-3.3%
Romania	21.7	48.2	53.5	52.3	34.1%
Others	1,377	1,374	1,628	1,289	-2.2%
Total	3,719	4,073	5,127	4,600	7.3%

Top Export Markets for Sulphates; of Magnesium from the Czech Republic in 2022:

France (551.9 tons)
Ireland (367.6 tons)
Slovakia (341.9 tons)
Saudi Arabia (288.0 tons)
United States (238.8 tons)
Singapore (191.6 tons)
Germany (191.2 tons)
Pakistan (150.8 tons)
Poland (136.4 tons)
Russia (92.6 tons)
China (81.0 tons)
India (77.4 tons)
Romania (75.1 tons)

Sulphates; of Magnesium Imports in the Czech Republic

In 2022, the amount of sulphates; of magnesia imported into the Czech Republic contracted to 9.9K tons, dropping by -5.7% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of 11K tons, and then shrank in the following year.

In value terms, sulphates; of magnesium imports dropped to $3.9M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $4.3M, and then dropped in the following year.