Price for Hydroxide and Peroxide of Magnesium in Portugal - 2023

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

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $1,984 per ton, growing by 20% against the previous year. Over the period under review, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $2,985 per ton in 2014; however, from 2015 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 Austria ($3,113 per ton), while the price for Spain ($1,124 per ton) was amongst the lowest.

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

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

The average export price for hydroxide and peroxide of magnesia stood at $1,737 per ton in 2022, falling by -2.3% against the previous year. In general, the export price, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 461%. As a result, the export price reached the peak level of $2,050 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,737 per ton), while the average price for exports to Spain stood at $856 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.7%).

Imports of Hydroxide and Peroxide of Magnesium in Portugal

In 2022, imports of hydroxide and peroxide of magnesia into Portugal surged to 11K tons, with an increase of 49% on the previous year's figure. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 66%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium imports surged to $22M in 2022. In general, imports recorded a significant expansion. 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 Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	8.7	5.7	10.4	19.9	31.8%
Netherlands	0.8	0.5	0.4	1.2	14.5%
Spain	1.3	0.7	0.9	0.6	-22.7%
Others	0.2	0.3	0.7	0.4	26.0%
Total	11.0	7.1	12.4	22.1	26.2%

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

Russia (9.9K tons)
Netherlands (0.6K tons)
Spain (0.5K tons)

Exports of Hydroxide and Peroxide of Magnesium in Portugal

In 2022, hydroxide and peroxide of magnesium exports from Portugal expanded notably to 356 tons, rising by 12% on the year before. Over the period under review, exports, however, continue to indicate a deep slump.

In value terms, hydroxide and peroxide of magnesium exports rose significantly to $619K in 2022. Overall, exports, however, continue to indicate a abrupt slump.