Price for Hydroxide and Peroxide of Magnesium in South Africa - 2023
Contents:
- Price for Hydroxide and Peroxide of Magnesium in South Africa (CIF) - 2022
- Price for Hydroxide and Peroxide of Magnesium in South Africa (FOB) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in South Africa
- Exports of Hydroxide and Peroxide of Magnesium in South Africa
Price for Hydroxide and Peroxide of Magnesium in South Africa (CIF) - 2022
In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $2,093 per ton, picking up by 14% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 138%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,344 per ton), while the price for the Netherlands ($1,045 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydroxide and Peroxide of Magnesium in South Africa (FOB) - 2022
In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $1,385 per ton, jumping by 140% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 183%. Over the period under review, the average export prices reached the maximum at $4,361 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($1,753 per ton), while the average price for exports to Swaziland ($154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hydroxide and Peroxide of Magnesium in South Africa
In 2022, overseas purchases of hydroxide and peroxide of magnesia decreased by -39.5% to 286 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 13%. As a result, imports reached the peak of 529 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hydroxide and peroxide of magnesium imports contracted rapidly to $598K in 2022. Over the period under review, imports recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $870K, and then reduced markedly in the following year.
| Import of Hydroxide and Peroxide of Magnesium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 364 | 333 | 459 | 335 | -2.7% |
| United States | 30.1 | 47.3 | 177 | 99.1 | 48.8% |
| China | 54.7 | 80.7 | 103 | 64.3 | 5.5% |
| Taiwan (Chinese) | 34.0 | 23.1 | 27.5 | 34.8 | 0.8% |
| Netherlands | 1.2 | 19.0 | 8.5 | 32.1 | 199.1% |
| India | 16.7 | 20.3 | 66.4 | 12.4 | -9.4% |
| Austria | 111 | 50.2 | N/A | N/A | -54.8% |
| France | 49.6 | 84.6 | N/A | N/A | 70.6% |
| Others | 34.0 | 45.9 | 28.7 | 20.3 | -15.8% |
| Total | 696 | 704 | 870 | 598 | -4.9% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to South Africa in 2022:
- Austria (undefined tons)
- Japan (144.0 tons)
- United States (42.3 tons)
- China (31.8 tons)
- Netherlands (30.8 tons)
- Taiwan (Chinese) (25.6 tons)
- India (7.5 tons)
Exports of Hydroxide and Peroxide of Magnesium in South Africa
For the fourth year in a row, South Africa recorded growth in overseas shipments of hydroxide and peroxide of magnesia, which increased by 120% to 213 tons in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 508%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, hydroxide and peroxide of magnesium exports soared to $295K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,009% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Hydroxide and Peroxide of Magnesium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 183 | 0% |
| Zimbabwe | 0.8 | 8.4 | 54.1 | 72.0 | 348.1% |
| Uganda | N/A | N/A | N/A | 19.6 | 0% |
| Swaziland | 1.4 | 1.2 | 0.1 | 3.5 | 35.7% |
| Namibia | 0.6 | N/A | 0.1 | 2.8 | 67.1% |
| Belgium | N/A | N/A | N/A | 1.5 | 0% |
| Sri Lanka | N/A | N/A | 1.2 | N/A | 0% |
| United States | N/A | 23.1 | N/A | N/A | 0% |
| Others | 0.4 | 3.0 | 0.3 | 11.8 | 209.0% |
| Total | 3.2 | 35.7 | 55.8 | 295 | 351.7% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from South Africa in 2022:
- Democratic Republic of the Congo (104.6 tons)
- Zimbabwe (57.0 tons)
- Swaziland (22.5 tons)
- Uganda (11.2 tons)
- Belgium (9.6 tons)
- Namibia (3.4 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in South Africa.
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This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in South Africa.
733
This report provides an in-depth analysis of the global market for magnesium hydroxide and peroxide.
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In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
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In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
1332
In value terms, hydroxides and magnesium peroxides imports amounted to $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ann...
756
In value terms, hydroxides and magnesium peroxides exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the t...
