Price for Hydroxide and Peroxide of Magnesium in India - 2023

Contents:

1. Price for Hydroxide and Peroxide of Magnesium in India (FOB) - 2022
2. Price for Hydroxide and Peroxide of Magnesium in India (CIF) - 2023
3. Exports of Hydroxide and Peroxide of Magnesium in India
4. Imports of Hydroxide and Peroxide of Magnesium in India

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

The average export price for hydroxide and peroxide of magnesia stood at $2,645 per ton in 2022, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.3%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Algeria ($4,720 per ton), while the average price for exports to Italy ($730 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 Algeria (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in India (CIF) - 2023

In September 2023, the average import price for hydroxide and peroxide of magnesia amounted to $1,430 per ton, stabilizing at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 75% against the previous month. As a result, import price attained the peak level of $3,208 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($2,915 per ton), while the price for Latvia ($725 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Hydroxide and Peroxide of Magnesium in India

In 2022, after three years of growth, there was significant decline in overseas shipments of hydroxide and peroxide of magnesia, when their volume decreased by -13.3% to 1.4K tons. The total export volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 33%.

In value terms, hydroxide and peroxide of magnesium exports stood at $3.6M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

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

1. Pakistan (226.0 tons)
2. Indonesia (193.9 tons)
3. Bangladesh (147.1 tons)
4. Algeria (101.8 tons)
5. Italy (78.7 tons)
6. Vietnam (71.8 tons)
7. China (55.7 tons)
8. United States (54.0 tons)
9. Mexico (49.1 tons)
10. Ghana (44.6 tons)
11. Nigeria (36.8 tons)
12. Afghanistan (33.9 tons)
13. Myanmar (28.5 tons)

Imports of Hydroxide and Peroxide of Magnesium in India

For the third consecutive year, India recorded decline in purchases abroad of hydroxide and peroxide of magnesia, which decreased by -7.3% to 1.7K tons in 2022. Overall, imports faced a abrupt setback.

In value terms, hydroxide and peroxide of magnesium imports surged to $3.6M in 2022. Over the period under review, imports, however, saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (684.8 tons)
2. Russia (415.1 tons)
3. Estonia (258.7 tons)
4. Japan (65.4 tons)
5. Slovenia (50.2 tons)
6. United States (47.6 tons)
7. South Korea (44.2 tons)

Source: IndexBox Market Intelligence Platform