Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $4,157 per ton, which is down by -13.7% against the previous year. Over the period under review, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. Over the period under review, average import prices reached the peak figure at $5,195 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +26.9% per year.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (FOB) - 2022
The average export price for kieserite, epsomite (natural magnesium sulphates)s stood at $130 per ton in 2022, surging by 5% against the previous year. In general, the export price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 19%. As a result, the export price reached the peak level of $320 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,581 per ton), while the average price for exports to Malaysia totaled $110 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+67.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas purchases of kieserite, epsomite (natural magnesium sulphates)s, when their volume increased by 502% to 897 kg. In general, imports, however, continue to indicate a significant contraction.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports surged to $3.7K in 2022. Overall, imports, however, recorded a sharp contraction.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 8.0 | 0.6 | 3.7 | -38.4% |
| Taiwan (Chinese) | 0.6 | 0.4 | N/A | N/A | -33.3% |
| Australia | 0.3 | 0.4 | 0.1 | N/A | -42.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | 8.7 | 0.7 | 3.7 | -39.5% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Hong Kong SAR in 2022:
- United States (897.0 kg)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR
After two years of decline, shipments abroad of kieserite, epsomite (natural magnesium sulphates)s increased by 32% to 176 tons in 2022. Overall, exports, however, continue to indicate a abrupt setback.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports soared to $23K in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 29.6 | 18.6 | 16.4 | 19.0 | -13.7% |
| Germany | N/A | 5.2 | N/A | N/A | 0% |
| Others | 0.5 | 5.5 | 0.2 | 3.9 | 98.3% |
| Total | 30.1 | 29.3 | 16.6 | 22.9 | -8.7% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Hong Kong SAR in 2022:
- Malaysia (173.5 tons)
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