Chlorides; of Magnesium Price in Nepal - 2022

Contents:

  1. Chlorides; of Magnesium Price in Nepal (CIF) - 2022
  2. Chlorides; of Magnesium Imports in Nepal

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

In 2022, the average chlorides; of magnesium import price amounted to $103 per ton, dropping by -50.3% against the previous year. Over the period under review, the import price faced a deep reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 25%. The import price peaked at $436 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.6% per year.

Chlorides; of Magnesium Imports in Nepal

Chlorides; of magnesium imports into Nepal soared to 171 tons in 2022, picking up by 192% against the previous year. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium imports surged to $18K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorides; of Magnesium in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India4.14.85.317.562.2%
China3.54.26.6N/A37.3%
Others0.10.10.10.10.0%
Total7.79.212.117.631.7%

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

  1. India (170.5 tons)

Source: IndexBox Market Intelligence Platform

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