Price for Hydroxide and Peroxide of Magnesium in Iraq - 2022

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Iraq (CIF) - 2022
  2. Imports of Hydroxide and Peroxide of Magnesium in Iraq

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

The average import price for hydroxide and peroxide of magnesia stood at $5,663 per ton in 2022, with an increase of 63% against the previous year. Overall, the import price recorded a temperate increase. The growth pace was the most rapid in 2020 an increase of 223%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($8,003 per ton), while the price for India stood at $4,731 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%).

Imports of Hydroxide and Peroxide of Magnesium in Iraq

For the fourth consecutive year, Iraq recorded growth in purchases abroad of hydroxide and peroxide of magnesia, which increased by 6.7% to 2.5 tons in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 544% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, hydroxide and peroxide of magnesium imports skyrocketed to $14K in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,979%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Hydroxide and Peroxide of Magnesium in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.20.64.38.5249.0%
TurkeyN/A0.63.85.7208.2%
United StatesN/A3.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.24.28.214.2314.1%

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

  1. India (1.8 tons)
  2. Turkey (0.7 tons)

Source: IndexBox Market Intelligence Platform

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