Chlorides; of Magnesium Price in Myanmar - 2022
Contents:
Chlorides; of Magnesium Price in Myanmar (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $238 per ton, with an increase of 53% against the previous year. Overall, the import price, however, saw a slight setback. Over the period under review, average import prices attained the peak figure at $383 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Japan ($801 per ton), while the price for Germany stood at $12 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.9%), while the prices for the other major suppliers experienced a decline.
Chlorides; of Magnesium Imports in Myanmar
In 2022, approx. 225 tons of chlorides; of magnesia were imported into Myanmar; declining by -52.6% against the previous year. Overall, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 151% against the previous year.
In value terms, chlorides; of magnesium imports contracted dramatically to $54K in 2022. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 120% against the previous year.
| Import of Chlorides; of Magnesium in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.5 | N/A | N/A | 51.6 | 90.2% |
| Germany | N/A | N/A | N/A | 1.0 | 0% |
| Thailand | 13.5 | 2.1 | 27.3 | N/A | 42.2% |
| China | 76.3 | 28.5 | 39.0 | N/A | -28.5% |
| India | 37.9 | 2.8 | 7.4 | N/A | -55.8% |
| Others | 0.8 | 0.1 | N/A | 1.0 | 7.7% |
| Total | 136 | 33.5 | 73.7 | 53.6 | -26.7% |
Top Suppliers of Chlorides; of Magnesium to Myanmar in 2022:
- Germany (80.5 tons)
- Japan (64.4 tons)
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