Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (CIF) - 2023
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (CIF) - 2023
In August 2023, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $257 per ton, stabilizing at the previous month. Over the period under review, the import price recorded a slight descent. The growth pace was the most rapid in January 2023 when the average import price increased by 31% m-o-m. As a result, import price attained the peak level of $329 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Spain ($405 per ton), while the price for China ($160 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (FOB) - 2022
In 2022, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $1,312 per ton, surging by 91% against the previous year. Over the period under review, the export price continues to indicate noticeable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($9,654 per ton), while the average price for exports to Barbados ($727 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 Switzerland (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK
In 2022, overseas purchases of kieserite, epsomite (natural magnesium sulphates)s were finally on the rise to reach 16K tons after two years of decline. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports surged to $4.5M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,165 | 1,730 | 1,419 | 2,464 | 4.4% |
| Belgium | 12.6 | 10.8 | 28.3 | 1,524 | 394.5% |
| China | 226 | 418 | 242 | 213 | -2.0% |
| Others | 2.5 | 14.9 | 52.7 | 304 | 395.4% |
| Total | 2,406 | 2,174 | 1,741 | 4,505 | 23.3% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to the UK in 2022:
- Germany (10.7K tons)
- Belgium (4.8K tons)
- China (0.4K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK
For the third year in a row, the UK recorded decline in shipments abroad of kieserite, epsomite (natural magnesium sulphates)s, which decreased by -62.3% to 15 tons in 2022. In general, exports recorded a sharp slump. The smallest decline of -21.8% was in 2020.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports declined remarkably to $19K in 2022. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 30%. As a result, the exports attained the peak of $43K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Barbados | 4.8 | 5.3 | N/A | 7.3 | 15.0% |
| Italy | N/A | N/A | N/A | 6.5 | 0% |
| Switzerland | N/A | 9.5 | 1.8 | 2.8 | -45.7% |
| Portugal | N/A | N/A | N/A | 2.5 | 0% |
| Ireland | 20.1 | 14.9 | 15.5 | N/A | -12.2% |
| Kuwait | N/A | 5.0 | N/A | N/A | 0% |
| Others | 7.9 | 7.8 | 9.3 | N/A | 8.5% |
| Total | 32.8 | 42.6 | 26.6 | 19.1 | -16.5% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from the UK in 2022:
- Barbados (10.0 tons)
- Italy (3.0 tons)
- Switzerland (1.3 tons)
- Portugal (0.3 tons)
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