Chlorides; of Magnesium Price in Sri Lanka - 2021
Contents:
Chlorides; of Magnesium Price in Sri Lanka (CIF) - 2022
The average chlorides; of magnesium import price stood at $2,309 per ton in 2022, picking up by 88% against the previous year. Overall, the import price showed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($20,951 per ton), while the price for India ($2,012 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Imports in Sri Lanka
In 2022, overseas purchases of chlorides; of magnesia decreased by -60% to 8.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 53%.
In value terms, chlorides; of magnesium imports contracted notably to $20K in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year.
| Import of Chlorides; of Magnesium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.6 | 11.2 | 17.2 | 16.7 | 53.7% |
| Singapore | 1.9 | 2.8 | 2.2 | 0.1 | -62.5% |
| Malaysia | 1.4 | 2.4 | 2.0 | N/A | 19.5% |
| Pakistan | 1.9 | 2.9 | 2.9 | N/A | 23.5% |
| Others | 2.5 | 3.1 | 1.9 | 2.9 | 5.1% |
| Total | 12.3 | 22.4 | 26.1 | 19.6 | 16.8% |
Top Suppliers of Chlorides; of Magnesium to Sri Lanka in 2022:
- Singapore (undefined tons)
- India (8.3 tons)
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