Chlorides; of Magnesium Price in Australia - 2023
Contents:
- Chlorides; of Magnesium Price in Australia (CIF) - 2023
- Chlorides; of Magnesium Price in Australia (FOB) - 2022
- Chlorides; of Magnesium Imports in Australia
- Chlorides; of Magnesium Exports in Australia
Chlorides; of Magnesium Price in Australia (CIF) - 2023
In September 2023, the average chlorides; of magnesium import price amounted to $317 per ton, shrinking by -3.6% against the previous month. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in July 2023 when the average import price increased by 115% month-to-month. The import price peaked at $529 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($439 per ton), while the price for China stood at $290 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (0.0%).
Chlorides; of Magnesium Price in Australia (FOB) - 2022
In 2022, the average chlorides; of magnesium export price amounted to $455 per ton, with a decrease of -13.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 24%. The export price peaked at $661 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($632 per ton), while the average price for exports to Japan ($278 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 South Korea (-2.6%), while the prices for the other major destinations experienced a decline.
Chlorides; of Magnesium Imports in Australia
Chlorides; of magnesium imports into Australia soared to 7.5K tons in 2022, picking up by 19% against the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports surged to $3.4M in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Chlorides; of Magnesium in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.2 | 1.9 | 1.9 | 23.9% |
| Israel | 0.3 | 0.4 | 0.6 | 1.3 | 63.0% |
| Others | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Total | 1.6 | 1.9 | 2.7 | 3.4 | 28.6% |
Top Suppliers of Chlorides; of Magnesium to Australia in 2022:
- China (4.4K tons)
- Israel (2.9K tons)
Chlorides; of Magnesium Exports in Australia
Chlorides; of magnesium exports from Australia soared to 1.7K tons in 2022, with an increase of 22% on the year before. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium exports expanded rapidly to $771K in 2022. Over the period under review, exports, however, recorded a abrupt decrease.
| Export of Chlorides; of Magnesium in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 364 | 353 | 335 | 394 | 2.7% |
| Japan | 373 | 349 | 280 | 242 | -13.4% |
| New Zealand | 132 | 32.7 | 50.6 | 107 | -6.8% |
| Others | 32.9 | 32.6 | 60.9 | 28.3 | -4.9% |
| Total | 903 | 768 | 726 | 771 | -5.1% |
Top Export Markets for Chlorides; of Magnesium from Australia in 2022:
- Japan (869.2 tons)
- South Korea (624.0 tons)
- New Zealand (187.7 tons)
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In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
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