Chlorides; of Magnesium Price in Norway - 2023

Contents:

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

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

The average chlorides; of magnesium export price stood at $1,375 per ton in 2022, falling by -61.2% against the previous year. Overall, the export price, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 113% against the previous year. The export price peaked at $3,546 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($240,656 per ton), while the average price for exports to Sweden stood at $488 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+538.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average chlorides; of magnesium import price stood at $176 per ton in 2022, waning by -27.8% against the previous year. Overall, the import price, however, recorded modest growth. The pace of growth appeared the most rapid in 2019 an increase of 69% against the previous year. As a result, import price attained the peak level of $327 per ton. From 2020 to 2022, the average 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 Israel ($485 per ton), while the price for Germany ($174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Exports in Norway

Chlorides; of magnesium exports from Norway surged to 2.9 tons in 2022, picking up by 68% on the year before. Overall, exports, however, recorded a precipitous descent.

In value terms, chlorides; of magnesium exports dropped significantly to $4K in 2022. In general, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 145%. As a result, the exports reached the peak of $22K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Chlorides; of Magnesium in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden1.6N/A0.41.4-4.4%
Singapore0.8N/AN/A0.7-4.4%
FinlandN/AN/A3.2N/A0%
Denmark6.73.62.1N/A-44.0%
Czech RepublicN/A18.9N/AN/A0%
OthersN/AN/A0.41.9375.0%
Total9.122.46.14.0-24.0%

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

  1. Sweden (2878.0 kg)
  2. Singapore (3.0 kg)

Chlorides; of Magnesium Imports in Norway

In 2022, imports of chlorides; of magnesia into Norway rose markedly to 16K tons, increasing by 14% against the previous year. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chlorides; of magnesium imports fell dramatically to $2.9M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $3.5M, and then contracted rapidly in the following year.

Import of Chlorides; of Magnesium in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel1,2777831,0841,127-4.1%
Germany28959361269734.1%
Denmark32854.927.494.8-33.9%
Sweden25018713470.4-34.5%
China15683.0N/AN/A-46.8%
Netherlands504516410N/A-9.8%
Others12.135.61,236889318.8%
Total2,8152,2533,5042,8780.7%

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

  1. Germany (4.0K tons)
  2. Israel (2.3K tons)
  3. Denmark (0.3K tons)
  4. Sweden (0.1K tons)

Source: IndexBox Market Intelligence Platform

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