Sulphates; of Magnesium Price in the United Arab Emirates - 2021
Contents:
- Sulphates; of Magnesium Price in the United Arab Emirates (CIF) - 2022
- Sulphates; of Magnesium Price in the United Arab Emirates (FOB) - 2022
- Sulphates; of Magnesium Imports in the United Arab Emirates
- Sulphates; of Magnesium Exports in the United Arab Emirates
Sulphates; of Magnesium Price in the United Arab Emirates (CIF) - 2022
The average sulphates; of magnesium import price stood at $335 per ton in 2022, falling by -39% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, average import prices attained the peak figure at $1,009 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.0% per year.
Sulphates; of Magnesium Price in the United Arab Emirates (FOB) - 2022
The average sulphates; of magnesium export price stood at $677 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 74%. As a result, the export price reached the peak level of $1,093 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +110.7% per year.
Sulphates; of Magnesium Imports in the United Arab Emirates
For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of sulphates; of magnesia, which increased by 62% to 7K tons in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports shrank slightly to $2.4M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 12% against the previous year.
| Import of Sulphates; of Magnesium in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 19.2 | 44.2 | 110 | 2,364 | 397.5% |
| China | 297 | 336 | 514 | N/A | 31.6% |
| Ireland | 1,106 | 1,059 | N/A | N/A | -4.2% |
| Germany | 538 | 788 | 674 | N/A | 11.9% |
| India | 28.8 | 27.0 | 243 | N/A | 190.5% |
| Others | 92.8 | 83.7 | 850 | N/A | 202.6% |
| Total | 2,081 | 2,338 | 2,391 | 2,364 | 4.3% |
Top Suppliers of Sulphates; of Magnesium to the United Arab Emirates in 2022:
- Turkey (7.0K tons)
Sulphates; of Magnesium Exports in the United Arab Emirates
In 2022, exports of sulphates; of magnesia from the United Arab Emirates declined rapidly to 410 tons, reducing by -21.1% compared with the previous year. In general, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of 519 tons, and then shrank notably in the following year.
In value terms, sulphates; of magnesium exports rose rapidly to $277K in 2022. Overall, exports faced a deep reduction.
| Export of Sulphates; of Magnesium in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 277 | 0% |
| Uganda | 370 | 240 | N/A | N/A | -35.1% |
| Jordan | 6.8 | N/A | 16.1 | N/A | 53.9% |
| Zimbabwe | N/A | 6.0 | 97.5 | N/A | 1525.0% |
| Ethiopia | N/A | N/A | 57.4 | N/A | 0% |
| India | 25.5 | N/A | N/A | N/A | 0% |
| Oman | 50.7 | 42.4 | 50.4 | N/A | -0.3% |
| Malaysia | 5.0 | N/A | N/A | N/A | 0% |
| Others | 11.4 | 23.7 | 20.9 | N/A | 35.4% |
| Total | 469 | 312 | 242 | 277 | -16.1% |
Top Export Markets for Sulphates; of Magnesium from the United Arab Emirates in 2022:
- South Africa (409.6 tons)
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