Chlorides; of Magnesium Price in Spain - 2023
Contents:
- Chlorides; of Magnesium Price in Spain (CIF) - 2022
- Chlorides; of Magnesium Price in Spain (FOB) - 2022
- Chlorides; of Magnesium Imports in Spain
- Chlorides; of Magnesium Exports in Spain
Chlorides; of Magnesium Price in Spain (CIF) - 2022
The average chlorides; of magnesium import price stood at $622 per ton in 2022, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 the United States ($2,983 per ton), while the price for the Netherlands ($213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Price in Spain (FOB) - 2022
In 2022, the average chlorides; of magnesium export price amounted to $1,166 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2017 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,785 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 the Czech Republic ($2,092 per ton), while the average price for exports to Morocco ($593 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 (+1.7%), while the prices for the other major destinations experienced a decline.
Chlorides; of Magnesium Imports in Spain
In 2022, approx. 5.4K tons of chlorides; of magnesia were imported into Spain; growing by 6.2% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% 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 +65.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, chlorides; of magnesium imports skyrocketed to $3.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.2% 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 +96.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Chlorides; of Magnesium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 215 | 288 | 388 | 1,367 | 85.3% |
| France | 681 | 1,306 | 1,229 | 860 | 8.1% |
| Italy | 272 | 275 | 385 | 441 | 17.5% |
| Czech Republic | 123 | 187 | 172 | 320 | 37.5% |
| Netherlands | 196 | 144 | 224 | 250 | 8.4% |
| Israel | 89.4 | 142 | 125 | 121 | 10.6% |
| Others | 148 | 61.9 | 162 | 26.4 | -43.7% |
| Total | 1,725 | 2,404 | 2,688 | 3,386 | 25.2% |
Top Suppliers of Chlorides; of Magnesium to Spain in 2022:
- France (1981.1 tons)
- Germany (1383.5 tons)
- Netherlands (1174.1 tons)
- Israel (543.3 tons)
- Czech Republic (192.7 tons)
- Italy (160.4 tons)
Chlorides; of Magnesium Exports in Spain
In 2022, overseas shipments of chlorides; of magnesia decreased by -3.3% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 1.1K tons, and then shrank in the following year.
In value terms, chlorides; of magnesium exports declined modestly to $1.3M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $1.3M, and then dropped slightly in the following year.
| Export of Chlorides; of Magnesium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 187 | 199 | 375 | 357 | 24.1% |
| France | 251 | 240 | 395 | 353 | 12.0% |
| Portugal | 52.5 | 76.7 | 155 | 154 | 43.1% |
| Netherlands | N/A | 23.6 | 45.9 | 77.5 | 81.2% |
| Czech Republic | 8.1 | 15.7 | 32.7 | 56.8 | 91.4% |
| Greece | 17.9 | 16.8 | 31.2 | 37.4 | 27.8% |
| Germany | 20.7 | 0.9 | 33.9 | 30.5 | 13.8% |
| Belgium | 34.7 | 40.1 | 39.5 | 30.2 | -4.5% |
| Morocco | 1.8 | 0.2 | 1.1 | 21.8 | 129.6% |
| Others | 156 | 135 | 184 | 146 | -2.2% |
| Total | 730 | 747 | 1,293 | 1,264 | 20.1% |
Top Export Markets for Chlorides; of Magnesium from Spain in 2022:
- Italy (410.9 tons)
- France (277.7 tons)
- Portugal (140.9 tons)
- Netherlands (61.6 tons)
- Morocco (36.7 tons)
- Greece (29.1 tons)
- Czech Republic (27.1 tons)
- Germany (21.2 tons)
- Belgium (15.1 tons)
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