Price for Hydroxide and Peroxide of Magnesium in Bulgaria - 2023

Contents:

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

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

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $2,102 per ton, increasing by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($2,083 per ton), while the price for Spain ($2,030 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 (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $1,497 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 a decrease of 99.9%. The export price peaked at $2,249 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +10.3% per year.

Imports of Hydroxide and Peroxide of Magnesium in Bulgaria

Hydroxide and peroxide of magnesium imports into Bulgaria shrank remarkably to 123 tons in 2022, waning by -33.5% against the year before. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.

In value terms, hydroxide and peroxide of magnesium imports shrank rapidly to $259K in 2022. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of $368K, and then fell markedly in the following year.

Import of Hydroxide and Peroxide of Magnesium in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France27271.4113151-17.8%
United StatesN/A20324898.3-30.4%
Spain12.64.9N/A6.1-21.5%
Russia5.8N/AN/AN/A0%
Czech Republic29.3N/AN/AN/A0%
Others11.37.17.23.4-33.0%
Total331286368259-7.9%

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

  1. France (72.6 tons)
  2. United States (47.2 tons)
  3. Spain (3.0 tons)

Exports of Hydroxide and Peroxide of Magnesium in Bulgaria

In 2022, approx. 6 tons of hydroxide and peroxide of magnesia were exported from Bulgaria; shrinking by -50% on the year before. Overall, exports faced a precipitous contraction.

In value terms, hydroxide and peroxide of magnesium exports declined sharply to $9K in 2022. Over the period under review, exports continue to indicate a sharp curtailment.

Export of Hydroxide and Peroxide of Magnesium in Bulgaria (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
Netherlands18.09.0-50.0%
OthersN/AN/A0%
Total18.09.0-50.0%

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

  1. Netherlands (6.0 tons)

Source: IndexBox Market Intelligence Platform

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