Chlorides; of Magnesium Price in Algeria - 2022

Contents:

  1. Chlorides; of Magnesium Price in Algeria (CIF) - 2022
  2. Chlorides; of Magnesium Imports in Algeria

Chlorides; of Magnesium Price in Algeria (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $1,280 per ton, shrinking by -3.7% against the previous year. In general, the import price saw a noticeable curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 20%. The import price peaked at $1,736 per ton in 2012; however, from 2013 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 China ($5,059 per ton), while the price for Italy ($340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced a decline.

Chlorides; of Magnesium Imports in Algeria

In 2022, approx. 411 tons of chlorides; of magnesia were imported into Algeria; jumping by 58% compared with the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports surged to $526K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +64.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Algeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany92.770.910115618.9%
United Arab EmiratesN/AN/AN/A57.50%
United States9.110.813.319.729.4%
China0.78.817.418.8199.5%
Czech Republic51.050.236.517.6-29.9%
Italy1.93.15.113.893.7%
Spain11.818.26.79.6-6.6%
Netherlands7.17.17.77.93.6%
Others15715015822512.7%
Total33231934552616.6%

Top Suppliers of Chlorides; of Magnesium to Algeria in 2022:

  1. Germany (127.5 tons)
  2. Italy (40.7 tons)
  3. Czech Republic (15.2 tons)
  4. United Arab Emirates (11.9 tons)
  5. United States (10.6 tons)
  6. Netherlands (10.2 tons)
  7. China (3.7 tons)
  8. Spain (2.2 tons)

Source: IndexBox Market Intelligence Platform

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