Chlorides; of Magnesium Price in Bangladesh - 2022
Contents:
- Chlorides; of Magnesium Price in Bangladesh (CIF) - 2022
- Chlorides; of Magnesium Imports in Bangladesh
Chlorides; of Magnesium Price in Bangladesh (CIF) - 2022
The average chlorides; of magnesium import price stood at $236 per ton in 2022, waning by -22% against the previous year. Over the period under review, the import price showed a slight contraction. The growth pace was the most rapid in 2016 an increase of 68%. Over the period under review, average import prices attained the maximum at $357 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($1,908 per ton), while the price for India ($179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Magnesium Imports in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in purchases abroad of chlorides; of magnesia, which increased by 28% to 1.5K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +74.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports fell to $354K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year. As a result, imports reached the peak of $387K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Chlorides; of Magnesium in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 118 | 138 | 217 | 214 | 21.9% |
| China | 30.0 | 185 | 24.7 | 73.9 | 35.1% |
| Germany | 29.7 | 44.3 | 69.0 | 51.3 | 20.0% |
| Others | 21.3 | 20.6 | 43.9 | 14.7 | -11.6% |
| Total | 199 | 387 | 354 | 354 | 21.2% |
Top Suppliers of Chlorides; of Magnesium to Bangladesh in 2022:
- India (1197.0 tons)
- China (263.5 tons)
- Germany (26.9 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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