Chlorides; of Magnesium Price in Malaysia - 2021
Contents:
- Chlorides; of Magnesium Price in Malaysia (CIF) - 2022
- Chlorides; of Magnesium Price in Malaysia (FOB) - 2022
- Chlorides; of Magnesium Imports in Malaysia
- Chlorides; of Magnesium Exports in Malaysia
Chlorides; of Magnesium Price in Malaysia (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $237 per ton, rising by 7.5% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2015 an increase of 26%. Over the period under review, average import prices reached the peak figure at $317 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($436 per ton), while the price for Vietnam ($178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Magnesium Price in Malaysia (FOB) - 2022
The average chlorides; of magnesium export price stood at $753 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15% against the previous year. As a result, the export price attained the peak level of $1,105 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($993 per ton), while the average price for exports to Bangladesh totaled $647 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.5%), while the prices for the other major destinations experienced a decline.
Chlorides; of Magnesium Imports in Malaysia
Chlorides; of magnesium imports into Malaysia surged to 10K tons in 2022, rising by 25% compared with the previous year. Over the period under review, imports, however, recorded a abrupt setback.
In value terms, chlorides; of magnesium imports surged to $2.5M in 2022. Overall, imports, however, recorded a deep reduction.
| Import of Chlorides; of Magnesium in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,225 | 2,035 | 1,096 | 1,492 | -12.5% |
| China | 357 | 342 | 370 | 504 | 12.2% |
| India | 230 | 316 | 150 | 204 | -3.9% |
| Others | 499 | 423 | 226 | 280 | -17.5% |
| Total | 3,311 | 3,117 | 1,842 | 2,480 | -9.2% |
Top Suppliers of Chlorides; of Magnesium to Malaysia in 2022:
- Vietnam (8.4K tons)
- China (1.2K tons)
- India (0.7K tons)
Chlorides; of Magnesium Exports in Malaysia
In 2022, approx. 28 tons of chlorides; of magnesia were exported from Malaysia; which is down by -43.7% against the previous year's figure. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 699% against the previous year. As a result, the exports reached the peak of 50 tons, and then dropped remarkably in the following year.
In value terms, chlorides; of magnesium exports reduced dramatically to $21K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 672% against the previous year. As a result, the exports attained the peak of $38K, and then contracted markedly in the following year.
| Export of Chlorides; of Magnesium in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 3.3 | 1.5 | 9.6 | 12.6 | 56.3% |
| Singapore | 3.3 | 3.0 | 5.9 | 8.6 | 37.6% |
| Vietnam | N/A | N/A | 17.8 | N/A | 0% |
| Others | 0.5 | 0.4 | 4.4 | N/A | 196.6% |
| Total | 7.2 | 4.9 | 37.7 | 21.3 | 43.6% |
Top Export Markets for Chlorides; of Magnesium from Malaysia in 2022:
- Bangladesh (19.6 tons)
- Singapore (8.7 tons)
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