Price for Hydroxide and Peroxide of Magnesium in Japan - 2023

Price for Hydroxide and Peroxide of Magnesium in Japan (FOB) - 2023

In September 2023, the average export price for hydroxide and peroxide of magnesia amounted to $1,617 per ton, waning by -10.3% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 17% month-to-month. As a result, the export price reached the peak level of $1,992 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($3,335 per ton), while the average price for exports to Vietnam ($1,013 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In September 2023, the average import price for hydroxide and peroxide of magnesia amounted to $723 per ton, with a decrease of -44.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 122% m-o-m. Over the period under review, average import prices hit record highs at $1,333 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +0.1% per month.

Exports of Hydroxide and Peroxide of Magnesium in Japan

In 2022, after two years of decline, there was significant growth in overseas shipments of hydroxide and peroxide of magnesia, when their volume increased by 13% to 12K tons. Overall, exports, however, recorded a relatively flat trend pattern.

In value terms, hydroxide and peroxide of magnesium exports expanded sharply to $20M in 2022. In general, exports, however, recorded a relatively flat trend pattern.

Export of Hydroxide and Peroxide of Magnesium in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	9.3	7.2	7.3	9.3	0.0%
China	3.0	2.7	2.5	3.1	1.1%
Vietnam	1.6	1.3	1.5	1.2	-9.1%
Thailand	0.8	0.9	1.1	1.0	7.7%
Indonesia	1.3	1.2	1.4	0.9	-11.5%
United States	0.9	2.0	1.1	0.9	0.0%
Taiwan (Chinese)	0.7	0.6	0.9	0.7	0.0%
Singapore	0.6	0.6	0.7	0.4	-12.6%
Germany	0.2	0.2	0.2	0.3	14.5%
Others	1.8	1.7	1.9	1.9	1.8%
Total	20.1	18.3	18.6	19.8	-0.5%

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

South Korea (6.5K tons)
China (1.7K tons)
Vietnam (1.3K tons)
Indonesia (0.4K tons)
United States (0.4K tons)
Thailand (0.4K tons)
Taiwan (Chinese) (0.3K tons)
Singapore (0.3K tons)
Germany (0.3K tons)

Imports of Hydroxide and Peroxide of Magnesium in Japan

In 2022, purchases abroad of hydroxide and peroxide of magnesia decreased by -22.5% to 7.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, imports attained the peak of 9.8K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, hydroxide and peroxide of magnesium imports declined modestly to $5.4M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.