Chlorides; of Magnesium Price in Serbia - 2023
Contents:
- Chlorides; of Magnesium Price in Serbia (CIF) - 2022
- Chlorides; of Magnesium Price in Serbia (FOB) - 2022
- Chlorides; of Magnesium Imports in Serbia
- Chlorides; of Magnesium Exports in Serbia
Chlorides; of Magnesium Price in Serbia (CIF) - 2022
The average chlorides; of magnesium import price stood at $473 per ton in 2022, with an increase of 9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 169% against the previous year. As a result, import price reached the peak level of $1,763 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($3,294 per ton), while the price for the Netherlands ($314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Price in Serbia (FOB) - 2022
The average chlorides; of magnesium export price stood at $8,527 per ton in 2022, which is down by -19.6% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 293% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,007 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($11,000 per ton), while the average price for exports to Montenegro ($7,747 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-1.7%), while the prices for the other major destinations experienced a decline.
Chlorides; of Magnesium Imports in Serbia
In 2022, approx. 112 tons of chlorides; of magnesia were imported into Serbia; approximately reflecting the year before. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of 117 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, chlorides; of magnesium imports rose remarkably to $53K in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Chlorides; of Magnesium in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 10.4 | 20.7 | 24.4 | 20.1 | 24.6% |
| Netherlands | 5.3 | 10.4 | 6.0 | 14.1 | 38.6% |
| Czech Republic | 2.5 | 2.2 | 2.5 | 7.2 | 42.3% |
| Germany | 3.8 | 4.8 | 3.8 | 5.5 | 13.1% |
| Others | 15.8 | 12.9 | 11.5 | 6.2 | -26.8% |
| Total | 37.9 | 51.0 | 48.1 | 53.1 | 11.9% |
Top Suppliers of Chlorides; of Magnesium to Serbia in 2022:
- Israel (60.0 tons)
- Netherlands (45.0 tons)
- Germany (2.2 tons)
- Czech Republic (2.2 tons)
Chlorides; of Magnesium Exports in Serbia
For the third consecutive year, Serbia recorded decline in shipments abroad of chlorides; of magnesia, which decreased by -16% to 110 kg in 2022. In general, exports showed a significant contraction.
In value terms, chlorides; of magnesium exports fell sharply to $938 in 2022. Over the period under review, exports recorded a precipitous decline. The smallest decline of -22% was in 2020.
| Export of Chlorides; of Magnesium in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 700 | 2,370 | 554 | 581 | -6.0% |
| Bosnia and Herzegovina | 149 | 104 | 835 | 192 | 8.8% |
| Turkey | N/A | N/A | N/A | 165 | 0% |
| Germany | 2,324 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3,173 | 2,474 | 1,389 | 938 | -33.4% |
Top Export Markets for Chlorides; of Magnesium from Serbia in 2022:
- Montenegro (75.0 kg)
- Bosnia and Herzegovina (20.0 kg)
- Turkey (15.0 kg)
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