Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan (CIF) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $372 per ton, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 China ($690 per ton), while the price for Germany stood at $369 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%).
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan
In 2022, kieserite, epsomite (natural magnesium sulphates) imports into Japan rose modestly to 5.2K tons, picking up by 1.5% against the year before. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports rose markedly to $1.9M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1.1 | 1.3 | 1.7 | 1.9 | 20.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.1 | 1.3 | 1.7 | 1.9 | 20.0% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Japan in 2022:
- Germany (5.1K tons)
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