Price for Hydroxide and Peroxide of Magnesium in Colombia - 2022

Contents:

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

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

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $2,053 per ton, with an increase of 4.8% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydroxide and peroxide of magnesium import price decreased by -24.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $2,732 per ton in 2019; however, from 2020 to 2022, import prices stood 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 Israel ($6,926 per ton), while the price for Italy ($712 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for hydroxide and peroxide of magnesia stood at $6,001 per ton in 2022, falling by -1.7% against the previous year. In general, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 112%. Over the period under review, the average export prices reached the maximum at $6,106 per ton in 2021, and then fell slightly in the following year.

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 Peru ($8,922 per ton), while the average price for exports to Venezuela ($2,839 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 Peru (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in Colombia

In 2022, imports of hydroxide and peroxide of magnesia into Colombia reduced sharply to 112 tons, which is down by -34.7% compared with 2021 figures. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 233%. As a result, imports reached the peak of 171 tons, and then declined dramatically in the following year.

In value terms, hydroxide and peroxide of magnesium imports reduced markedly to $230K in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 171% against the previous year. As a result, imports attained the peak of $336K, and then contracted markedly in the following year.

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

1. China (76.5 tons)
2. United States (9.5 tons)
3. Canada (6.1 tons)
4. Mexico (5.4 tons)
5. Chile (3.3 tons)
6. Israel (2.4 tons)
7. Italy (2.2 tons)

Exports of Hydroxide and Peroxide of Magnesium in Colombia

Hydroxide and peroxide of magnesium exports from Colombia contracted notably to 8.2 tons in 2022, which is down by -42.4% compared with the previous year's figure. Over the period under review, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 614%. As a result, the exports attained the peak of 14 tons, and then dropped rapidly in the following year.

In value terms, hydroxide and peroxide of magnesium exports reduced rapidly to $49K in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 655% against the previous year. As a result, the exports reached the peak of $87K, and then fell sharply in the following year.

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

1. Peru (4.1 tons)
2. Venezuela (3.9 tons)
3. Ecuador (0.2 tons)
4. Spain (0.1 tons)

Source: IndexBox Market Intelligence Platform