Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait - 2022
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (FOB) - 2022
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (CIF) - 2022
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (FOB) - 2022
The average export price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $8,445 per ton in 2022, growing by 113% against the previous year. Over the period under review, the export price showed a significant increase. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($190,899 per ton), while the average price for exports to Saudi Arabia stood at $3,352 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+3,758.9%).
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (CIF) - 2022
The average import price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $7,324 per ton in 2022, rising by 10% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for magnesium; raspings, turnings and granules, graded according to size, powderses increased by +174.6% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 149% against the previous year. Over the period under review, average import prices hit record highs at $8,224 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,347 per ton), while the price for India ($891 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait
Exports of magnesium; raspings, turnings and granules, graded according to size, powderses from Kuwait soared to 6.2 tons in 2022, rising by 85% compared with 2021. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses soared to $52K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | 3.9 | 32.1 | 723.1% |
| Saudi Arabia | 12.9 | 6.7 | 9.3 | 20.2 | 16.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 13.0 | 6.7 | 13.2 | 52.2 | 58.9% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from Kuwait in 2022:
- Saudi Arabia (6.0 tons)
- Pakistan (0.2 tons)
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of magnesium; raspings, turnings and granules, graded according to size, powderses, when their volume decreased by -44.2% to 710 kg. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 490%.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses shrank markedly to $5.2K in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 402% against the previous year. As a result, imports reached the peak of $8.4K, and then contracted rapidly in the following year.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 1.0 | 5.3 | 2.8 | 77.6% |
| United Arab Emirates | N/A | 0.1 | 1.0 | 2.3 | 379.6% |
| China | N/A | N/A | 1.9 | N/A | 0% |
| United Kingdom | N/A | 0.5 | N/A | N/A | 0% |
| India | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.6 | 1.7 | 8.4 | 5.2 | 105.4% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Kuwait in 2022:
- United Arab Emirates (510.0 kg)
- United States (144.0 kg)
- India (55.0 kg)
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