Price for Hydroxide and Peroxide of Magnesium in Belgium - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Belgium (CIF) - 2022
  2. Price for Hydroxide and Peroxide of Magnesium in Belgium (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in Belgium
  4. Exports of Hydroxide and Peroxide of Magnesium in Belgium

Price for Hydroxide and Peroxide of Magnesium in Belgium (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $694 per ton, waning by -30.5% against the previous year. Overall, the import price recorded a deep setback. The pace of growth was the most pronounced in 2014 an increase of 26% against the previous year. The import price peaked at $1,550 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($3,505 per ton), while the price for the Netherlands ($344 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in Belgium (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $645 per ton in 2022, waning by -6.1% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 51% against the previous year. The export price peaked at $1,684 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($14,836 per ton), while the average price for exports to Singapore ($440 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 (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in Belgium

For the fourth consecutive year, Belgium recorded growth in purchases abroad of hydroxide and peroxide of magnesia, which increased by 19% to 6.4K tons in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 923%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium imports fell markedly to $4.4M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 466% against the previous year.

Import of Hydroxide and Peroxide of Magnesium in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2651,8101,7921,65484.1%
IsraelN/A8091,5581,48635.5%
Germany20419177261744.6%
Mexico1.0780904298567.9%
ChinaN/A3.63.1115465.2%
Austria17562129390.8-19.6%
Others13520843.51728.4%
Total7814,4235,3654,43278.4%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Belgium in 2022:

  1. Netherlands (4801.5 tons)
  2. Israel (820.0 tons)
  3. Mexico (273.3 tons)
  4. Germany (175.9 tons)
  5. China (168.0 tons)
  6. Austria (39.6 tons)

Exports of Hydroxide and Peroxide of Magnesium in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of hydroxide and peroxide of magnesia, which increased by 29% to 8.4K tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 767%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hydroxide and peroxide of magnesium exports skyrocketed to $5.4M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,213% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Export of Hydroxide and Peroxide of Magnesium in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France10.81,3541,5191,609430.1%
Turkey1.2N/A48.3336554.2%
PanamaN/AN/A22.12931225.8%
BahamasN/AN/A235202-14.0%
China0.2N/A33.7175856.5%
Saudi Arabia0.2N/AN/A132770.7%
Spain0.142864850.8697.9%
Sri LankaN/AN/AN/A37.00%
Others2651,8641,9242,552112.8%
Total2783,6464,4305,387168.6%

Top Export Markets for Hydroxide and Peroxide of Magnesium from Belgium in 2022:

  1. France (741.6 tons)
  2. Panama (608.3 tons)
  3. Bahamas (427.7 tons)
  4. China (378.5 tons)
  5. Saudi Arabia (279.0 tons)
  6. Turkey (251.6 tons)
  7. Spain (104.5 tons)
  8. Sri Lanka (75.5 tons)

Source: IndexBox Market Intelligence Platform

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