Chlorides; of Magnesium Price in Mexico - 2023

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

In 2022, the average chlorides; of magnesium import price amounted to $1,202 per ton, surging by 1.6% against the previous year. Overall, the import price posted a strong expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 the Czech Republic ($1,975 per ton), while the price for China ($545 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average chlorides; of magnesium export price amounted to $2,489 per ton, falling by -13.9% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. Over the period under review, the average export prices attained the peak figure at $3,709 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +3.2% per year.

Chlorides; of Magnesium Imports in Mexico

For the third year in a row, Mexico recorded decline in purchases abroad of chlorides; of magnesia, which decreased by -41.7% to 691 tons in 2022. In general, imports saw a dramatic contraction. The smallest decline of -8% was in 2020.

In value terms, chlorides; of magnesium imports contracted remarkably to $830K in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $1.4M, and then declined sharply in the following year.

Import of Chlorides; of Magnesium in Mexico (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	119	66.8	41.2	384	47.8%
China	140	156	46.6	183	9.3%
Germany	375	322	381	165	-23.9%
Czech Republic	79.3	93.5	8.0	99.2	7.7%
Belgium	59.0	59.7	30.1	N/A	-28.6%
Netherlands	195	250	180	N/A	-3.9%
Others	121	137	716	N/A	143.3%
Total	1,089	1,085	1,403	830	-8.7%

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

China (335.0 tons)
United States (199.9 tons)
Germany (105.8 tons)
Czech Republic (50.2 tons)

Chlorides; of Magnesium Exports in Mexico

In 2022, chlorides; of magnesium exports from Mexico shrank remarkably to 15 tons, dropping by -85.9% compared with 2021 figures. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 103 tons, and then dropped notably in the following year.

In value terms, chlorides; of magnesium exports contracted rapidly to $36K in 2022. Overall, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year.