Price for Hydroxide and Peroxide of Magnesium in Egypt - 2023

Contents:

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

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

The average import price for hydroxide and peroxide of magnesia stood at $1,714 per ton in 2021, with an increase of 6.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 27%. As a result, import price reached the peak level of $2,746 per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($1,714 per ton) and China ($1,714 per ton), while the price for Italy ($1,714 per ton) and France ($1,714 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+36.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for hydroxide and peroxide of magnesia stood at $847 per ton in 2021, picking up by 3.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 76%. The export price peaked at $2,452 per ton in 2012; however, from 2013 to 2021, 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 Sudan.

From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to -10.8% per year.

Imports of Hydroxide and Peroxide of Magnesium in Egypt

In 2022, purchases abroad of hydroxide and peroxide of magnesia decreased by -30.6% to 340 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 474%.

In value terms, hydroxide and peroxide of magnesium imports skyrocketed to $970K in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 299%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Hydroxide and Peroxide of Magnesium in Egypt (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
France11.0192290413.5%
Germany41.3129252147.0%
Austria68.959.112534.7%
China0.81.254.0721.6%
Italy12.813.64.2-42.7%
Others9.6180115246.1%
Total144575840141.5%

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

  1. France (169.2 tons)
  2. Germany (146.8 tons)
  3. Austria (72.9 tons)
  4. China (31.5 tons)
  5. Italy (2.4 tons)

Exports of Hydroxide and Peroxide of Magnesium in Egypt

After two years of decline, overseas shipments of hydroxide and peroxide of magnesia increased by 136% to 1 tons in 2022. Overall, exports, however, showed a deep slump.

In value terms, hydroxide and peroxide of magnesium exports soared to $2K in 2022. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hydroxide and Peroxide of Magnesium in Egypt (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Sudan2.84.03.511.8%
Spain0.1N/AN/A0%
Others-1.7-3.2-3.135.0%
Total1.20.80.4-42.3%

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

  1. Sudan (4.0 tons)

Source: IndexBox Market Intelligence Platform

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