Sulphates; of Magnesium Price in the UK - 2023
Contents:
- Sulphates; of Magnesium Price in the UK (CIF) - 2022
- Sulphates; of Magnesium Price in the UK (FOB) - 2022
- Sulphates; of Magnesium Imports in the UK
- Sulphates; of Magnesium Exports in the UK
Sulphates; of Magnesium Price in the UK (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $565 per ton, approximately reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $572 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($678 per ton), while the price for France ($282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in the UK (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $1,291 per ton, surging by 2.8% against the previous year. Overall, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 26% against the previous year. The export price peaked at $1,613 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,167 per ton), while the average price for exports to Sweden ($431 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 France (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in the UK
For the third consecutive year, the UK recorded decline in supplies from abroad of sulphates; of magnesia, which decreased by -5.7% to 19K tons in 2022. Over the period under review, imports recorded a abrupt downturn. The smallest decline of -1.5% was in 2020.
In value terms, sulphates; of magnesium imports reduced to $11M in 2022. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year.
| Import of Sulphates; of Magnesium in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.6 | 6.1 | 5.6 | 5.7 | -12.8% |
| China | 1.4 | 2.2 | 2.6 | 2.2 | 16.3% |
| India | 0.3 | 0.2 | 1.3 | 1.1 | 54.2% |
| Netherlands | 1.3 | 0.8 | 0.5 | 0.7 | -18.6% |
| France | N/A | 0.6 | 0.5 | 0.4 | -18.4% |
| Turkey | 0.2 | 0.1 | 0.4 | 0.3 | 14.5% |
| Others | 0.3 | 0.4 | 0.6 | 0.5 | 18.6% |
| Total | 12.1 | 10.4 | 11.5 | 10.9 | -3.4% |
Top Suppliers of Sulphates; of Magnesium to the UK in 2022:
- Germany (8.4K tons)
- China (4.2K tons)
- India (2.6K tons)
- Netherlands (1.9K tons)
- France (1.4K tons)
- Turkey (0.7K tons)
Sulphates; of Magnesium Exports in the UK
After two years of decline, overseas shipments of sulphates; of magnesia increased by 1.8% to 337 tons in 2022. In general, exports, however, showed a deep downturn.
In value terms, sulphates; of magnesium exports rose to $435K in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump.
| Export of Sulphates; of Magnesium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 8.2 | 76.0 | 61.0 | 68.7 | 103.1% |
| France | 158 | 32.6 | 10.7 | 60.7 | -27.3% |
| Ireland | 97.2 | 54.6 | 17.2 | 51.4 | -19.1% |
| Saudi Arabia | 62.8 | 37.0 | 43.2 | 48.6 | -8.2% |
| Netherlands | 2.1 | 28.0 | 26.3 | 29.6 | 141.6% |
| Kenya | 20.4 | 5.1 | 19.5 | 22.0 | 2.5% |
| United States | 16.8 | 31.9 | 17.6 | 20.9 | 7.6% |
| Sweden | 9.3 | 6.6 | 7.0 | 7.9 | -5.3% |
| Gambia | N/A | N/A | 103 | N/A | 0% |
| Others | 297 | 183 | 110 | 125 | -25.1% |
| Total | 672 | 454 | 416 | 435 | -13.5% |
Top Export Markets for Sulphates; of Magnesium from the UK in 2022:
- Ireland (98.6 tons)
- Saudi Arabia (46.4 tons)
- Portugal (35.9 tons)
- Netherlands (27.6 tons)
- United States (24.9 tons)
- Kenya (24.3 tons)
- France (19.2 tons)
- Sweden (18.3 tons)
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