Chlorides; of Magnesium Price in Indonesia - 2022

Contents:

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

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

In 2022, the average chlorides; of magnesium import price amounted to $338 per ton, with a decrease of -35.6% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38%. As a result, import price reached the peak level of $788 per ton. From 2015 to 2022, the average import prices remained 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 ($3,226 per ton), while the price for China ($128 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

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

The average chlorides; of magnesium export price stood at $846 per ton in 2022, surging by 2.6% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70%. The export price peaked at $1,718 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -3.9% per year.

Chlorides; of Magnesium Imports in Indonesia

For the fourth year in a row, Indonesia recorded growth in purchases abroad of chlorides; of magnesia, which increased by 68% to 4.1K tons in 2022. Over the period under review, imports enjoyed a significant 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 expanded markedly to $1.4M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Chlorides; of Magnesium in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12818724938143.8%
Czech Republic2372281702724.7%
Japan20.757.1114174103.3%
Thailand79.983.753.497.36.8%
Malaysia41.533.021.118.8-23.2%
Netherlands12.716.510.317.711.7%
Israel10.611.610.316.515.9%
Others19620465241228.1%
Total7268211,2791,38824.1%

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

  1. China (2975.1 tons)
  2. Czech Republic (258.9 tons)
  3. Thailand (144.1 tons)
  4. Netherlands (91.3 tons)
  5. Israel (57.2 tons)
  6. Japan (56.7 tons)
  7. Malaysia (34.4 tons)

Chlorides; of Magnesium Exports in Indonesia

In 2022, the amount of chlorides; of magnesia exported from Indonesia soared to 2.3 tons, rising by 889% compared with the previous year's figure. Overall, exports, however, recorded a abrupt downturn.

In value terms, chlorides; of magnesium exports skyrocketed to $1.9K in 2022. Over the period under review, exports, however, faced a dramatic downturn.

Export of Chlorides; of Magnesium in Indonesia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia2,3202,0451721,735-9.2%
Singapore27365910.068.0-37.1%
China220550N/A55.0-37.0%
Others1,0263696.048.0-64.0%
Total3,8393,6231881,906-20.8%

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

  1. Malaysia (2222.0 kg)
  2. Singapore (12.0 kg)
  3. China (12.0 kg)

Source: IndexBox Market Intelligence Platform

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