Price for Hydroxide and Peroxide of Magnesium in Indonesia - 2022

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

The average import price for hydroxide and peroxide of magnesia stood at $1,825 per ton in 2022, shrinking by -1.5% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $3,064 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($4,380 per ton), while the price for China ($385 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for hydroxide and peroxide of magnesia stood at $3,248 per ton in 2022, rising by 2.3% against the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2014 an increase of 279%. Over the period under review, the average export prices reached the peak figure at $3,609 per ton in 2018; however, from 2019 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 Japan.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +107.0% per year.

Imports of Hydroxide and Peroxide of Magnesium in Indonesia

For the fourth consecutive year, Indonesia recorded growth in overseas purchases of hydroxide and peroxide of magnesia, which increased by 22% to 2.4K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium imports soared to $4.3M in 2022. The total import value increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Hydroxide and Peroxide of Magnesium in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	1,413	1,470	1,209	1,049	-9.5%
Singapore	36.6	76.5	107	546	146.2%
India	538	262	331	466	-4.7%
United States	184	226	243	408	30.4%
South Korea	338	479	176	376	3.6%
Germany	227	248	345	309	10.8%
Austria	149	231	204	287	24.4%
China	37.4	93.3	131	185	70.4%
Others	70.7	72.4	882	718	116.6%
Total	2,994	3,159	3,627	4,344	13.2%

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

Singapore (596.6 tons)
China (479.3 tons)
Japan (434.1 tons)
India (224.8 tons)
United States (151.1 tons)
Austria (114.6 tons)
South Korea (89.8 tons)
Germany (70.6 tons)

Exports of Hydroxide and Peroxide of Magnesium in Indonesia

In 2022, overseas shipments of hydroxide and peroxide of magnesia were finally on the rise to reach 2.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a perceptible contraction.

In value terms, hydroxide and peroxide of magnesium exports expanded rapidly to $8.1K in 2022. Overall, exports, however, recorded a perceptible shrinkage.