Chlorides; of Magnesium Price in Vietnam - 2022
Contents:
- Chlorides; of Magnesium Price in Vietnam (CIF) - 2022
- Chlorides; of Magnesium Price in Vietnam (FOB) - 2022
- Chlorides; of Magnesium Imports in Vietnam
- Chlorides; of Magnesium Exports in Vietnam
Chlorides; of Magnesium Price in Vietnam (CIF) - 2022
The average chlorides; of magnesium import price stood at $119 per ton in 2022, waning by -45.3% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $259 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($110 per ton), while the price for India totaled $85 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.8%).
Chlorides; of Magnesium Price in Vietnam (FOB) - 2022
In 2022, the average chlorides; of magnesium export price amounted to $486 per ton, with a decrease of -28.3% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 an increase of 79%. As a result, the export price attained the peak level of $677 per ton, and then declined notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +7.0% per year.
Chlorides; of Magnesium Imports in Vietnam
Chlorides; of magnesium imports into Vietnam skyrocketed to 15K tons in 2022, rising by 147% against the previous year. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports surged to $1.8M in 2022. Overall, imports saw a relatively flat trend pattern.
| Import of Chlorides; of Magnesium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,269 | 1,641 | 941 | 1,323 | 1.4% |
| India | 184 | 184 | 152 | 213 | 5.0% |
| Others | 296 | 435 | 239 | 260 | -4.2% |
| Total | 1,749 | 2,261 | 1,332 | 1,796 | 0.9% |
Top Suppliers of Chlorides; of Magnesium to Vietnam in 2022:
- China (12.1K tons)
- India (2.5K tons)
Chlorides; of Magnesium Exports in Vietnam
Chlorides; of magnesium exports from Vietnam skyrocketed to 60 tons in 2022, rising by 38% on the previous year. In general, exports, however, recorded a pronounced slump.
In value terms, chlorides; of magnesium exports shrank modestly to $29K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 48% against the previous year.
| Export of Chlorides; of Magnesium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 19.4 | 28.5 | 29.1 | 28.8 | 14.1% |
| Others | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Total | 19.6 | 28.9 | 29.4 | 29.1 | 14.1% |
Top Export Markets for Chlorides; of Magnesium from Vietnam in 2022:
- Malaysia (59.8 tons)
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