Sulphates; of Magnesium Price in the Dominican Republic - 2023

Sulphates; of Magnesium Price in the Dominican Republic (CIF) - 2022

The average sulphates; of magnesium import price stood at $226 per ton in 2022, shrinking by -1.6% against the previous year. Overall, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. The import price peaked at $329 per ton in 2012; however, from 2013 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 the United States ($1,978 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 the United States (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average sulphates; of magnesium export price amounted to $1,290 per ton, growing by 8.4% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. The export price peaked at $4,379 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($3,021 per ton), while the average price for exports to Jamaica amounted to $544 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+15.1%).

Sulphates; of Magnesium Imports in the Dominican Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of sulphates; of magnesia, when their volume decreased by -21.7% to 3.9K tons. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 90%. As a result, imports reached the peak of 5K tons, and then contracted notably in the following year.

In value terms, sulphates; of magnesium imports dropped markedly to $878K in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 85%. As a result, imports attained the peak of $1.1M, and then dropped notably in the following year.

Import of Sulphates; of Magnesium in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	297	244	359	370	7.6%
Germany	87.3	220	268	276	46.8%
India	118	21.5	42.5	51.5	-24.1%
Spain	33.1	0.4	44.3	45.7	11.4%
Poland	41.2	44.8	38.3	39.4	-1.5%
Netherlands	21.1	22.0	21.8	26.1	7.3%
Others	45.7	64.1	365	69.3	14.9%
Total	643	617	1,139	878	10.9%

Top Suppliers of Sulphates; of Magnesium to the Dominican Republic in 2022:

China (2159.0 tons)
Germany (1063.9 tons)
India (248.7 tons)
Poland (193.1 tons)
Spain (85.1 tons)
Netherlands (64.6 tons)

Sulphates; of Magnesium Exports in the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in shipments abroad of sulphates; of magnesia, which increased by 6.3% to 2.1 tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sulphates; of magnesium exports soared to $2.7K in 2022. In general, exports, however, saw a deep contraction.