Chlorides; of Magnesium Price in the Czech Republic - 2023

Contents:

1. Chlorides; of Magnesium Price in the Czech Republic (FOB) - 2023
2. Chlorides; of Magnesium Price in the Czech Republic (CIF) - 2022
3. Chlorides; of Magnesium Exports in the Czech Republic
4. Chlorides; of Magnesium Imports in the Czech Republic

Chlorides; of Magnesium Price in the Czech Republic (FOB) - 2023

In August 2023, the average chlorides; of magnesium export price amounted to $1,987 per ton, falling by -7.1% against the previous month. Overall, export price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, chlorides; of magnesium export price decreased by -7.1% against July 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 24% against the previous month. The export price peaked at $2,139 per ton in July 2023, and then shrank in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($3,515 per ton), while the average price for exports to Poland ($608 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Price in the Czech Republic (CIF) - 2022

The average chlorides; of magnesium import price stood at $372 per ton in 2022, growing by 9.9% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of magnesium import price increased by +91.1% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 64%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 the Netherlands ($578 per ton), while the price for Poland ($317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Exports in the Czech Republic

In 2022, shipments abroad of chlorides; of magnesia decreased by -0.7% to 9.6K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 9.8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides; of magnesium exports expanded markedly to $15M in 2022. The total export value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 19%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Chlorides; of Magnesium from the Czech Republic in 2022:

1. United States (1785.4 tons)
2. Germany (1509.8 tons)
3. Italy (534.5 tons)
4. Japan (449.4 tons)
5. France (444.4 tons)
6. Netherlands (421.1 tons)
7. Slovakia (405.0 tons)
8. Poland (290.2 tons)
9. China (265.1 tons)
10. Spain (206.8 tons)
11. Turkey (194.6 tons)
12. Malaysia (187.8 tons)
13. Ireland (181.8 tons)

Chlorides; of Magnesium Imports in the Czech Republic

Chlorides; of magnesium imports into the Czech Republic was estimated at 2.7K tons in 2022, leveling off at 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chlorides; of magnesium imports rose notably to $1M in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Chlorides; of Magnesium to the Czech Republic in 2022:

1. France (1953.2 tons)
2. Germany (592.2 tons)
3. Poland (100.2 tons)
4. Netherlands (26.1 tons)

Source: IndexBox Market Intelligence Platform