Chlorides; of Magnesium Price in Lithuania - 2023

Contents:

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

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

The average chlorides; of magnesium export price stood at $7,281 per ton in 2022, dropping by -53% against the previous year. In general, the export price, however, saw a prominent increase. The growth pace was the most rapid in 2016 when the average export price increased by 72%. The export price peaked at $15,481 per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($23,568 per ton), while the average price for exports to Russia ($148 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 the UK (+23.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average chlorides; of magnesium import price stood at $452 per ton in 2022, which is down by -53% against the previous year. Overall, the import price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of 132%. Over the period under review, average import prices attained the peak figure at $1,285 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($1,563 per ton), while the price for Russia ($123 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+58.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Magnesium Exports in Lithuania

In 2022, approx. 81 tons of chlorides; of magnesia were exported from Lithuania; rising by 124% compared with the previous year. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium exports amounted to $592K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Armenia (26.8 tons)
2. United States (19.3 tons)
3. Russia (18.1 tons)
4. Netherlands (6.8 tons)
5. Belarus (3.8 tons)
6. United Kingdom (1.4 tons)
7. Finland (1.0 tons)
8. China (0.1 tons)

Chlorides; of Magnesium Imports in Lithuania

In 2022, approx. 379 tons of chlorides; of magnesia were imported into Lithuania; growing by 30% compared with the year before. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chlorides; of magnesium imports reduced notably to $171K in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 131%. As a result, imports attained the peak of $280K, and then dropped notably in the following year.

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

1. Russia (234.7 tons)
2. Poland (75.9 tons)
3. Germany (67.8 tons)
4. Netherlands (0.3 tons)

Source: IndexBox Market Intelligence Platform