Sulphates; of Magnesium Price in the United States - 2023
Contents:
- Sulphates; of Magnesium Price in the United States (CIF) - 2023
- Sulphates; of Magnesium Price in the United States (FOB) - 2023
- Sulphates; of Magnesium Imports in the United States
- Sulphates; of Magnesium Exports in the United States
Sulphates; of Magnesium Price in the United States (CIF) - 2023
In August 2023, the average sulphates; of magnesium import price amounted to $474 per ton, declining by -22.3% against the previous month. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in October 2022 an increase of 36% month-to-month. Over the period under review, average import prices attained the maximum at $1,013 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($4,171 per ton), while the price for India ($178 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in the United States (FOB) - 2023
In August 2023, the average sulphates; of magnesium export price amounted to $733 per ton, picking up by 4.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in September 2022 an increase of 48% against the previous month. As a result, the export price attained the peak level of $905 per ton. From October 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the country with the highest price was Mexico ($843 per ton), while the average price for exports to Canada amounted to $618 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.1%).
Sulphates; of Magnesium Imports in the United States
In 2022, approx. 45K tons of sulphates; of magnesia were imported into the United States; almost unchanged from 2021. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, sulphates; of magnesium imports reduced to $20M in 2022. Over the period under review, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $21M, and then contracted in the following year.
| Import of Sulphates; of Magnesium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.1 | 3.0 | 4.6 | 6.1 | 42.7% |
| China | 7.9 | 4.9 | 6.3 | 4.1 | -19.6% |
| Germany | 2.5 | 2.7 | 2.7 | 3.7 | 14.0% |
| Japan | 3.4 | 3.7 | 4.1 | 3.5 | 1.0% |
| Mexico | 0.2 | 0.1 | 0.3 | 0.7 | 51.8% |
| Colombia | N/A | N/A | 0.7 | 0.5 | -28.6% |
| India | 2.4 | 1.2 | 1.1 | 0.2 | -56.3% |
| Canada | 1.1 | 0.2 | 0.1 | N/A | -69.8% |
| Others | 0.8 | 2.1 | 1.5 | 0.8 | 0.0% |
| Total | 20.3 | 17.9 | 21.3 | 19.6 | -1.2% |
Top Suppliers of Sulphates; of Magnesium to the United States in 2022:
- China (20.6K tons)
- Germany (8.4K tons)
- Vietnam (6.6K tons)
- Mexico (3.6K tons)
- Colombia (2.0K tons)
- Japan (1.6K tons)
- India (0.5K tons)
- Canada (0.1K tons)
Sulphates; of Magnesium Exports in the United States
In 2022, after three years of growth, there was decline in overseas shipments of sulphates; of magnesia, when their volume decreased by -0.2% to 14K tons. The total export volume increased at an average annual rate of +2.6% 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 2020 when exports increased by 7%.
In value terms, sulphates; of magnesium exports dropped to $8.5M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $9.6M, and then fell in the following year.
| Export of Sulphates; of Magnesium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.6 | 5.8 | 6.4 | 6.5 | 5.1% |
| Mexico | 0.5 | 0.6 | 0.8 | 0.8 | 17.0% |
| Others | 1.4 | 1.1 | 2.3 | 1.2 | -5.0% |
| Total | 7.5 | 7.5 | 9.6 | 8.5 | 4.3% |
Top Export Markets for Sulphates; of Magnesium from the United States in 2022:
- Canada (12.8K tons)
- Mexico (0.9K tons)
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