Price for Hydroxide and Peroxide of Magnesium in Tanzania - 2022

Contents:

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

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

The average import price for hydroxide and peroxide of magnesia stood at $2,964 per ton in 2022, picking up by 13% against the previous year. In general, the import price continues to indicate notable growth. The pace of growth appeared the most rapid in 2015 an increase of 119% against the previous year. As a result, import price reached the peak level of $4,533 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 South Africa ($6,982 per ton), while the price for Kenya ($125 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Hydroxide and Peroxide of Magnesium in Tanzania

For the third consecutive year, Tanzania recorded decline in overseas purchases of hydroxide and peroxide of magnesia, which decreased by -47.6% to 193 kg in 2022. In general, imports recorded a dramatic shrinkage. The smallest decline of -9.5% was in 2020.

In value terms, hydroxide and peroxide of magnesium imports dropped notably to $572 in 2022. Over the period under review, imports continue to indicate a significant decrease. The smallest decline of -23.2% was in 2020.

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

1. India (128.0 kg)
2. South Africa (57.0 kg)
3. Kenya (8.0 kg)

Source: IndexBox Market Intelligence Platform