Price for Hydroxide and Peroxide of Magnesium in Slovakia - 2023

Contents:

1. Price for Hydroxide and Peroxide of Magnesium in Slovakia (FOB) - 2023
2. Price for Hydroxide and Peroxide of Magnesium in Slovakia (CIF) - 2022
3. Exports of Hydroxide and Peroxide of Magnesium in Slovakia
4. Imports of Hydroxide and Peroxide of Magnesium in Slovakia

Price for Hydroxide and Peroxide of Magnesium in Slovakia (FOB) - 2023

In June 2023, the average export price for hydroxide and peroxide of magnesia amounted to $5,788 per ton, falling by -19.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices reached the peak figure at $7,627 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.

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

From July 2022 to June 2023, the rate of growth in terms of prices for the Czech Republic amounted to +1.2% per month.

Price for Hydroxide and Peroxide of Magnesium in Slovakia (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $3,862 per ton, reducing by -2.3% against the previous year. In general, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72% against the previous year. The import price peaked at $5,445 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,018 per ton), while the price for Germany totaled $3,632 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+109.1%).

Exports of Hydroxide and Peroxide of Magnesium in Slovakia

In 2022, overseas shipments of hydroxide and peroxide of magnesia were finally on the rise to reach 999 tons after two years of decline. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium exports surged to $2.6M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Hydroxide and Peroxide of Magnesium from Slovakia in 2022:

1. Denmark (592.5 tons)
2. Germany (295.3 tons)
3. Czech Republic (97.6 tons)

Imports of Hydroxide and Peroxide of Magnesium in Slovakia

In 2022, purchases abroad of hydroxide and peroxide of magnesia decreased by -12.9% to 75 tons, falling for the second year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports attained the peak of 106 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hydroxide and peroxide of magnesium imports dropped to $289K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $340K, and then reduced in the following year.

Top Suppliers of Hydroxide and Peroxide of Magnesium to Slovakia in 2022:

1. Germany (72.2 tons)
2. United Kingdom (2.4 tons)

Source: IndexBox Market Intelligence Platform