Sulphates; of Magnesium Price in Chile - 2023
Contents:
- Sulphates; of Magnesium Price in Chile (CIF) - 2022
- Sulphates; of Magnesium Price in Chile (FOB) - 2022
- Sulphates; of Magnesium Imports in Chile
- Sulphates; of Magnesium Exports in Chile
Sulphates; of Magnesium Price in Chile (CIF) - 2022
The average sulphates; of magnesium import price stood at $119 per ton in 2022, increasing by 11% against the previous year. Over the period under review, the import price, however, saw a deep slump. Over the period under review, average import prices hit record highs at $207 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 Germany ($292 per ton), while the price for China stood at $115 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-3.2%).
Sulphates; of Magnesium Price in Chile (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $645 per ton, rising by 5.6% against the previous year. In general, the export price continues to indicate perceptible growth. The growth pace was the most rapid in 2019 an increase of 58%. The export price peaked at $680 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($704 per ton), while the average price for exports to Argentina ($306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Chile
After three years of growth, purchases abroad of sulphates; of magnesia decreased by -8.8% to 46K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year.
In value terms, sulphates; of magnesium imports stood at $5.5M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of $5.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Magnesium in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 5.1 | 5.1 | 5.2 | 8.2% |
| Germany | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 4.5 | 5.6 | 5.4 | 5.5 | 6.9% |
Top Suppliers of Sulphates; of Magnesium to Chile in 2022:
- China (45.2K tons)
- Germany (0.6K tons)
Sulphates; of Magnesium Exports in Chile
In 2022, after three years of growth, there was decline in shipments abroad of sulphates; of magnesia, when their volume decreased by -1.4% to 42 tons. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 242% against the previous year.
In value terms, sulphates; of magnesium exports rose slightly to $27K in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 380%. As a result, the exports attained the peak of $28K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sulphates; of Magnesium in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4.0 | 22.6 | 22.7 | 22.8 | 78.6% |
| Malaysia | 1.0 | 2.4 | 2.3 | 2.6 | 37.5% |
| Argentina | 0.5 | 1.3 | 0.3 | 1.0 | 26.0% |
| Others | 0.3 | 1.6 | 0.5 | 0.4 | 10.1% |
| Total | 5.8 | 27.9 | 25.8 | 26.8 | 66.6% |
Top Export Markets for Sulphates; of Magnesium from Chile in 2022:
- New Zealand (32.4 tons)
- Malaysia (5.8 tons)
- Argentina (3.4 tons)
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