Chlorides; of Magnesium Price in Peru - 2021

Contents:

1. Chlorides; of Magnesium Price in Peru (CIF) - 2022
2. Chlorides; of Magnesium Price in Peru (FOB) - 2022
3. Chlorides; of Magnesium Imports in Peru
4. Chlorides; of Magnesium Exports in Peru

Chlorides; of Magnesium Price in Peru (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $785 per ton, which is down by -41% against the previous year. Overall, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 69%. Over the period under review, average import prices hit record highs at $1,594 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($725 per ton), while the price for Israel ($148 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.5%), while the prices for the other major suppliers experienced a decline.

Chlorides; of Magnesium Price in Peru (FOB) - 2022

In 2022, the average chlorides; of magnesium export price amounted to $3,371 per ton, remaining relatively unchanged against the previous year. In general, the export price saw a noticeable decline. The growth pace was the most rapid in 2018 an increase of 58% against the previous year. The export price peaked at $6,640 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to -1.7% per year.

Chlorides; of Magnesium Imports in Peru

In 2022, approx. 1.4K tons of chlorides; of magnesia were imported into Peru; growing by 31% compared with the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, chlorides; of magnesium imports shrank markedly to $1.1M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports reached the peak of $1.4M, and then contracted sharply in the following year.

Top Suppliers of Chlorides; of Magnesium to Peru in 2022:

1. Czech Republic (444.1 tons)
2. Germany (308.6 tons)
3. Netherlands (289.3 tons)
4. Israel (211.4 tons)
5. China (98.7 tons)

Chlorides; of Magnesium Exports in Peru

In 2022, shipments abroad of chlorides; of magnesia decreased by -1.9% to 264 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 4.9% against the previous year.

In value terms, chlorides; of magnesium exports fell modestly to $890 in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 6.3% against the previous year. As a result, the exports reached the peak of $917, and then dropped slightly in the following year.

Top Export Markets for Chlorides; of Magnesium from Peru in 2022:

1. Bolivia (264.0 kg)

Source: IndexBox Market Intelligence Platform