Chlorides; of Magnesium Price in Kenya - 2021
Contents:
- Chlorides; of Magnesium Price in Kenya (CIF) - 2022
- Chlorides; of Magnesium Price in Kenya (FOB) - 2022
- Chlorides; of Magnesium Imports in Kenya
- Chlorides; of Magnesium Exports in Kenya
Chlorides; of Magnesium Price in Kenya (CIF) - 2022
The average chlorides; of magnesium import price stood at $1,431 per ton in 2022, with a decrease of -31.2% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 141%. As a result, import price reached the peak level of $3,208 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($13,559 per ton), while the price for India ($599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.1%), while the prices for the other major suppliers experienced a decline.
Chlorides; of Magnesium Price in Kenya (FOB) - 2022
In 2022, the average chlorides; of magnesium export price amounted to $777 per ton, approximately reflecting the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 608% against the previous year. As a result, the export price reached the peak level of $7,830 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($6,085 per ton), while the average price for exports to Rwanda ($641 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 Uganda (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.
Chlorides; of Magnesium Imports in Kenya
In 2022, approx. 3.8 tons of chlorides; of magnesia were imported into Kenya; with a decrease of -6.7% compared with the year before. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% 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 +93.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. As a result, imports attained the peak of 4.1 tons, and then reduced in the following year.
In value terms, chlorides; of magnesium imports fell notably to $5.5K in 2022. Over the period under review, imports showed a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 253%.
| Import of Chlorides; of Magnesium in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.1 | 0.1 | 2.0 | 3.1 | 214.1% |
| India | 0.4 | 0.6 | 1.1 | 1.8 | 65.1% |
| China | 2.3 | 1.6 | 0.2 | 0.4 | -44.2% |
| Italy | 7.5 | N/A | 2.6 | N/A | -41.1% |
| Others | 0.8 | 0.2 | 2.6 | 0.1 | -50.0% |
| Total | 11.1 | 2.4 | 8.6 | 5.5 | -20.9% |
Top Suppliers of Chlorides; of Magnesium to Kenya in 2022:
- India (2967.0 kg)
- China (589.0 kg)
- United Kingdom (232.0 kg)
Chlorides; of Magnesium Exports in Kenya
In 2022, after three years of growth, there was decline in shipments abroad of chlorides; of magnesia, when their volume decreased by -0.3% to 1.9 tons. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year.
In value terms, chlorides; of magnesium exports declined to $1.5K in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 2.3% against the previous year.
| Export of Chlorides; of Magnesium in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 798 | 1,102 | 1,156 | 1,197 | 14.5% |
| Tanzania | 555 | 328 | 290 | 253 | -23.0% |
| Others | 99.0 | 55.0 | 46.0 | 38.0 | -27.3% |
| Total | 1,452 | 1,485 | 1,492 | 1,488 | 0.8% |
Top Export Markets for Chlorides; of Magnesium from Kenya in 2022:
- Rwanda (1867.0 kg)
- Tanzania (42.0 kg)
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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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