Price for Hydroxide and Peroxide of Magnesium in Turkey - 2023
Contents:
- Price for Hydroxide and Peroxide of Magnesium in Turkey (CIF) - 2023
- Price for Hydroxide and Peroxide of Magnesium in Turkey (FOB) - 2022
- Imports of Hydroxide and Peroxide of Magnesium in Turkey
- Exports of Hydroxide and Peroxide of Magnesium in Turkey
Price for Hydroxide and Peroxide of Magnesium in Turkey (CIF) - 2023
In September 2023, the average import price for hydroxide and peroxide of magnesia amounted to $868 per ton, with a decrease of -25.9% against the previous month. In general, the import price, however, recorded a noticeable increase. The pace of growth appeared the most rapid in August 2023 an increase of 119% against the previous month. As a result, import price attained the peak level of $1,172 per ton, and then contracted sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Israel ($3,753 per ton), while the price for Russia ($486 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydroxide and Peroxide of Magnesium in Turkey (FOB) - 2022
The average export price for hydroxide and peroxide of magnesia stood at $1,189 per ton in 2022, jumping by 22% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 4,565% against the previous year. As a result, the export price attained the peak level of $19,765 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($2,466 per ton), while the average price for exports to Georgia ($353 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 Greece (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydroxide and Peroxide of Magnesium in Turkey
After three years of growth, purchases abroad of hydroxide and peroxide of magnesia decreased by -16.6% to 5.4K tons in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year.
In value terms, hydroxide and peroxide of magnesium imports soared to $4.3M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +27.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Hydroxide and Peroxide of Magnesium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 660 | 1,575 | 2,352 | 1,504 | 31.6% |
| China | 894 | 899 | 629 | 1,145 | 8.6% |
| Israel | 338 | 714 | 423 | 888 | 38.0% |
| Mexico | 14.0 | 10.6 | 143 | 567 | 243.4% |
| Spain | 23.8 | N/A | N/A | 60.5 | 36.5% |
| Netherlands | 137 | 135 | 5.6 | 30.4 | -39.5% |
| Others | 24.8 | 122 | 124 | 140 | 78.1% |
| Total | 2,090 | 3,456 | 3,677 | 4,335 | 27.5% |
Top Suppliers of Hydroxide and Peroxide of Magnesium to Turkey in 2022:
- Russia (3106.3 tons)
- China (1408.2 tons)
- Mexico (437.3 tons)
- Israel (252.0 tons)
- Spain (125.0 tons)
- Netherlands (36.6 tons)
Exports of Hydroxide and Peroxide of Magnesium in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of hydroxide and peroxide of magnesia, when their volume decreased by -29% to 51 tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 593% against the previous year.
In value terms, hydroxide and peroxide of magnesium exports contracted to $61K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 406% against the previous year. As a result, the exports reached the peak of $70K, and then shrank in the following year.
| Export of Hydroxide and Peroxide of Magnesium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | N/A | N/A | 16.1 | 0% |
| Malaysia | N/A | 1.7 | 18.5 | 13.3 | 179.7% |
| Russia | N/A | N/A | N/A | 11.8 | 0% |
| Belgium | N/A | N/A | N/A | 11.3 | 0% |
| Azerbaijan | N/A | N/A | 1.4 | 3.7 | 164.3% |
| Georgia | N/A | 1.6 | 2.2 | 2.8 | 32.3% |
| Iraq | 0.2 | 4.5 | 8.2 | N/A | 540.3% |
| Iran | 34.4 | 0.3 | 14.3 | N/A | -35.5% |
| Liberia | N/A | N/A | 19.5 | N/A | 0% |
| Others | N/A | 5.8 | 6.0 | 1.6 | -47.5% |
| Total | 34.5 | 13.8 | 70.0 | 60.6 | 20.7% |
Top Export Markets for Hydroxide and Peroxide of Magnesium from Turkey in 2022:
- Iraq (undefined tons)
- Austria (14.0 tons)
- Russia (10.4 tons)
- Malaysia (10.0 tons)
- Georgia (8.0 tons)
- Belgium (6.8 tons)
- Azerbaijan (1.5 tons)
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This report provides an in-depth analysis of the market for magnesium hydroxide and peroxide in Turkey.
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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 Turkey.
728
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...
1320
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...
752
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...
