Price for Hydroxide and Peroxide of Magnesium in Qatar - 2023

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

In 2021, the average import price for hydroxide and peroxide of magnesia amounted to $5,909 per ton, falling by -46.5% against the previous year. Overall, the import price recorded a sharp setback. The import price peaked at $11,048 per ton in 2020, and then fell dramatically in the following year.

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

From 2020 to 2021, the rate of growth in terms of prices for Australia amounted to 0.0% per year.

Imports of Hydroxide and Peroxide of Magnesium in Qatar

For the third consecutive year, Qatar recorded growth in purchases abroad of hydroxide and peroxide of magnesia, which increased by 299% to 21 tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 2,391%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hydroxide and peroxide of magnesium imports dropped dramatically to $16K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,231% against the previous year. As a result, imports reached the peak of $31K, and then contracted remarkably in the following year.