Chlorides; of Magnesium Price in Greece - 2023

Contents:

  1. Chlorides; of Magnesium Price in Greece (CIF) - 2022
  2. Chlorides; of Magnesium Price in Greece (FOB) - 2022
  3. Chlorides; of Magnesium Imports in Greece
  4. Chlorides; of Magnesium Exports in Greece

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

In 2022, the average chlorides; of magnesium import price amounted to $1,060 per ton, reducing by -42.8% against the previous year. In general, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 84% against the previous year. Over the period under review, average import prices attained the peak figure at $1,854 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,492 per ton), while the price for Israel ($337 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average chlorides; of magnesium export price amounted to $64,493 per ton, growing by 90% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 2,255% against the previous year. 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 Cyprus.

From 2012 to 2022, the rate of growth in terms of prices for Serbia amounted to +247.3% per year.

Chlorides; of Magnesium Imports in Greece

Chlorides; of magnesium imports into Greece skyrocketed to 397 tons in 2022, with an increase of 100% compared with the previous year's figure. Over the period under review, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports rose markedly to $420K in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 55%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Chlorides; of Magnesium in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy11018625121024.1%
Czech Republic21.928.643.558.138.4%
Israel10.711.15.953.971.4%
Netherlands31.519.019.148.815.7%
SpainN/A14.825.727.436.1%
Germany11.114.518.321.624.8%
Others0.714.45.00.4-17.0%
Total18628936842031.2%

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

  1. Israel (160.0 tons)
  2. Netherlands (140.9 tons)
  3. Italy (51.5 tons)
  4. Czech Republic (31.0 tons)
  5. Spain (9.1 tons)
  6. Germany (3.9 tons)

Chlorides; of Magnesium Exports in Greece

In 2022, approx. 673 kg of chlorides; of magnesia were exported from Greece; with a decrease of -64% against 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, the exports attained the peak of 1.9 tons, and then shrank markedly in the following year.

In value terms, chlorides; of magnesium exports contracted significantly to $43K in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 110%.

Export of Chlorides; of Magnesium in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cyprus18.337.262.843.333.3%
RomaniaN/AN/A0.4N/A0%
OthersN/A1.20.40.1-71.1%
Total18.338.463.543.433.4%

Top Export Markets for Chlorides; of Magnesium from Greece in 2022:

  1. Cyprus (672.0 kg)

Source: IndexBox Market Intelligence Platform

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