Chlorides; of Magnesium Price in the UK - 2023
Contents:
- Chlorides; of Magnesium Price in the UK (CIF) - 2022
- Chlorides; of Magnesium Price in the UK (FOB) - 2022
- Chlorides; of Magnesium Imports in the UK
- Chlorides; of Magnesium Exports in the UK
Chlorides; of Magnesium Price in the UK (CIF) - 2022
The average chlorides; of magnesium import price stood at $682 per ton in 2022, jumping by 74% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 104% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,539 per ton), while the price for Israel ($268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Price in the UK (FOB) - 2022
In 2022, the average chlorides; of magnesium export price amounted to $949 per ton, falling by -16% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 117% against the previous year. As a result, the export price reached the peak level of $6,386 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,212 per ton), while the average price for exports to Ireland ($247 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 Germany (-2.3%), while the prices for the other major destinations experienced a decline.
Chlorides; of Magnesium Imports in the UK
In 2022, the amount of chlorides; of magnesia imported into the UK skyrocketed to 11K tons, increasing by 20% compared with the previous year. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports surged to $7.5M in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chlorides; of Magnesium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 129 | 131 | 110 | 1,795 | 140.5% |
| Netherlands | 538 | 647 | 570 | 1,462 | 39.5% |
| Ireland | 821 | 504 | 1,093 | 1,200 | 13.5% |
| Israel | 1,012 | 910 | 1,070 | 1,048 | 1.2% |
| United States | 521 | 531 | 275 | 1,047 | 26.2% |
| China | 280 | 251 | 271 | 344 | 7.1% |
| India | 125 | 111 | 71.6 | 131 | 1.6% |
| Others | 67.9 | 219 | 150 | 512 | 96.1% |
| Total | 3,496 | 3,303 | 3,611 | 7,538 | 29.2% |
Top Suppliers of Chlorides; of Magnesium to the UK in 2022:
- Netherlands (4.3K tons)
- Israel (3.9K tons)
- Ireland (1.1K tons)
- Germany (0.8K tons)
- China (0.3K tons)
- United States (0.2K tons)
- India (0.1K tons)
Chlorides; of Magnesium Exports in the UK
In 2022, overseas shipments of chlorides; of magnesia decreased by -54.1% to 248 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of 569 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, chlorides; of magnesium exports dropped rapidly to $235K in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year.
| Export of Chlorides; of Magnesium in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 2.1 | N/A | 35.9 | 128.7% |
| Ireland | 190 | 171 | 111 | 30.4 | -45.7% |
| Italy | 57.4 | 38.0 | 56.4 | 24.9 | -24.3% |
| Kenya | N/A | 87.7 | N/A | 24.7 | -46.9% |
| Germany | 13.3 | 22.9 | 13.1 | 11.8 | -3.9% |
| Canada | 12.0 | N/A | 284 | N/A | 386.5% |
| Others | 156 | 270 | 145 | 107 | -11.8% |
| Total | 432 | 593 | 610 | 235 | -18.4% |
Top Export Markets for Chlorides; of Magnesium from the UK in 2022:
- Ireland (123.1 tons)
- Netherlands (58.2 tons)
- Kenya (26.0 tons)
- Italy (8.4 tons)
- Germany (3.7 tons)
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