Price for Hydroxide and Peroxide of Magnesium in Chile - 2023

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

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $451 per ton, approximately mirroring the previous year. Overall, the import price, however, faced a sharp descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 65% against the previous year. As a result, import price reached the peak level of $9,487 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Brazil ($5,188 per ton), while the price for China ($300 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.0%), while the prices for the other major suppliers experienced a decline.

Imports of Hydroxide and Peroxide of Magnesium in Chile

In 2022, after three years of growth, there was significant decline in supplies from abroad of hydroxide and peroxide of magnesia, when their volume decreased by -41.6% to 551 tons. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 511% against the previous year.

In value terms, hydroxide and peroxide of magnesium imports reduced rapidly to $248K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 301%.