Sulphates; of Magnesium Price in Lithuania - 2023
Contents:
- Sulphates; of Magnesium Price in Lithuania (CIF) - 2022
- Sulphates; of Magnesium Price in Lithuania (FOB) - 2022
- Sulphates; of Magnesium Imports in Lithuania
- Sulphates; of Magnesium Exports in Lithuania
Sulphates; of Magnesium Price in Lithuania (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $475 per ton, surging by 22% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price increased by +96.1% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($539 per ton) and China ($444 per ton), while the price for Poland ($394 per ton) and India ($409 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Lithuania (FOB) - 2022
The average sulphates; of magnesium export price stood at $589 per ton in 2022, with an increase of 31% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium export price increased by +55.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $630 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($919 per ton), while the average price for exports to Ukraine ($493 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 Ukraine (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Lithuania
In 2022, approx. 5K tons of sulphates; of magnesia were imported into Lithuania; rising by 30% against the year before. Overall, 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, sulphates; of magnesium imports skyrocketed to $2.4M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 360 | 417 | 731 | 1,347 | 55.2% |
| Poland | 175 | 355 | 631 | 432 | 35.1% |
| India | N/A | 5.2 | N/A | 248 | 590.6% |
| China | 196 | 308 | N/A | 226 | 4.9% |
| Tunisia | N/A | N/A | N/A | 90.0 | 0% |
| Others | 24.4 | 50.6 | 132 | 30.8 | 8.1% |
| Total | 755 | 1,136 | 1,494 | 2,374 | 46.5% |
Top Suppliers of Sulphates; of Magnesium to Lithuania in 2022:
- Germany (2496.5 tons)
- Poland (1095.7 tons)
- India (606.8 tons)
- China (508.4 tons)
- Tunisia (213.4 tons)
Sulphates; of Magnesium Exports in Lithuania
In 2022, after three years of growth, there was significant decline in overseas shipments of sulphates; of magnesia, when their volume decreased by -19.8% to 811 tons. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. As a result, the exports attained the peak of 1K tons, and then dropped markedly in the following year.
In value terms, sulphates; of magnesium exports expanded to $478K in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Sulphates; of Magnesium in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 160 | 200 | 250 | 218 | 10.9% |
| Latvia | 30.4 | 23.5 | 65.8 | 62.7 | 27.3% |
| Uzbekistan | 36.4 | 107 | 66.4 | 44.8 | 7.2% |
| Georgia | 4.2 | 8.0 | N/A | 38.1 | 108.6% |
| Kyrgyzstan | N/A | N/A | N/A | 28.8 | 0% |
| Ukraine | 17.4 | 10.4 | 42.1 | 26.6 | 15.2% |
| Belarus | 6.5 | 9.4 | 9.4 | 24.6 | 55.8% |
| Estonia | 18.1 | 2.2 | 5.0 | 1.6 | -55.5% |
| Others | 17.7 | 18.2 | 17.2 | 32.1 | 21.9% |
| Total | 291 | 379 | 456 | 478 | 18.0% |
Top Export Markets for Sulphates; of Magnesium from Lithuania in 2022:
- Kazakhstan (382.2 tons)
- Latvia (99.1 tons)
- Uzbekistan (90.1 tons)
- Georgia (73.8 tons)
- Ukraine (53.8 tons)
- Kyrgyzstan (33.5 tons)
- Belarus (27.6 tons)
- Estonia (2.7 tons)
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