Chlorides; of Magnesium Price in Canada - 2023

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

In 2022, the average chlorides; of magnesium import price amounted to $138 per ton, rising by 62% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Israel ($631 per ton), while the price for the United States ($110 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Price in Canada (FOB) - 2022

The average chlorides; of magnesium export price stood at $526 per ton in 2022, surging by 29% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67%. The export price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.7% per year.

Chlorides; of Magnesium Imports in Canada

In 2022, the amount of chlorides; of magnesia imported into Canada declined significantly to 64K tons, with a decrease of -26.1% compared with 2021 figures. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 9.9%. As a result, imports attained the peak of 87K tons, and then declined remarkably in the following year.

In value terms, chlorides; of magnesium imports skyrocketed to $8.8M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.2	3.1	4.4	6.1	24.0%
China	0.6	0.6	0.5	1.3	29.4%
Netherlands	1.2	2.2	1.3	0.3	-37.0%
Israel	1.4	0.8	0.4	0.2	-47.7%
Others	0.6	0.6	0.7	0.9	14.5%
Total	6.9	7.3	7.4	8.8	8.4%

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

United States (55.4K tons)
China (5.5K tons)
Netherlands (2.6K tons)
Israel (0.3K tons)

Chlorides; of Magnesium Exports in Canada

Chlorides; of magnesium exports from Canada skyrocketed to 2.1K tons in 2022, jumping by 24% compared with 2021 figures. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 168%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, chlorides; of magnesium exports surged to $1.1M in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 112%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.