Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore - 2022
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $850 per ton, reducing by -77.3% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 118% against the previous year. Over the period under review, average import prices hit record highs at $13,850 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Australia ($3,874 per ton), while the price for India ($4 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (FOB) - 2022
The average export price for kieserite, epsomite (natural magnesium sulphates)s stood at $260 per ton in 2022, declining by -93.2% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 440%. Over the period under review, the average export prices hit record highs at $3,800 per ton in 2021, and then shrank notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +1.1% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore
For the fourth year in a row, Singapore recorded growth in overseas purchases of kieserite, epsomite (natural magnesium sulphates)s, which increased by 127% to 9.7 tons in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 558%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports contracted remarkably to $8.2K in 2022. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 207% against the previous year. As a result, imports reached the peak of $16K, and then declined sharply in the following year.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 3.1 | 0% |
| Australia | N/A | 2.1 | 1.1 | 1.5 | -15.5% |
| Vietnam | N/A | N/A | N/A | 1.4 | 0% |
| Germany | N/A | 0.4 | 0.4 | 0.6 | 22.5% |
| China | N/A | 1.3 | N/A | 0.6 | -32.1% |
| India | N/A | N/A | N/A | N/A | 0% |
| Canada | N/A | 1.1 | 4.3 | N/A | 290.9% |
| Others | 6.3 | 0.3 | 10.3 | 1.0 | -45.9% |
| Total | 6.4 | 5.2 | 16.0 | 8.2 | 8.6% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Singapore in 2022:
- Netherlands (3.2 tons)
- Vietnam (2.9 tons)
- Germany (1.1 tons)
- China (1.1 tons)
- India (1.0 tons)
- Australia (0.4 tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore
In 2022, overseas shipments of kieserite, epsomite (natural magnesium sulphates)s increased by 262,354% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous decline.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports skyrocketed to $341K in 2022. Over the period under review, exports, however, saw a dramatic decrease.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 911 | 1.6 | N/A | 340 | -28.0% |
| Others | N/A | 6.0 | 1.9 | 0.5 | -71.1% |
| Total | 911 | 7.6 | 1.9 | 341 | -27.9% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Singapore in 2022:
- Indonesia (1312.1 tons)
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